Tax & Accounting Blog
Tax & Accounting Blog
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Companies/individuals have much to consider when contemplating bankruptcy Due to the Covid-19 shutdown orders many businesses that have closed or had to substantially reduce operations…
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The International Accounting Standards Board (IASB) has issued the Exposure Draft, Covid-19-Related Rent Concessions. The comment deadline is May 8, 2020. The Exposure Draft proposes…
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The FASB issues Staff Q&A document addressing stakeholder questions on the application of the lease accounting guidance for lease concessions. The Staff Q&A is related to the…
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The AICPA’s Accounting Standards Board (ASB) will meet by teleconference on Monday, April 20, 2020 from 2:00 – 4:00 p.m. (EDT). As the sole item…
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The AICPA has published guidance in the form of a frequently asked questions (FAQs) file, FAQs — Audit Matters and Auditor Reporting Issues Related to…
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The IASB has proposed amendments to IFRS Standards to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial…
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AICPA’s Auditing Standards Board (ASB) has issued the final Statement on Auditing Standards (SAS) No. 140, Amendments to AU-C Sections 725, 730, 930, 935, and…
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The CARES Act (the “Act”) provides temporary relief from FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments —Credit Losses (Topic 326): Measurement of Credit…
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The Public Company Accounting Oversight Board (PCAOB) provided an update on its inspections activities in light of the evolving COVID-19 crisis. The PCAOB noted that…
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The FASB issues an Accounting Standards Update (ASU) that makes narrow-scope improvements to financial instruments guidance. This includes the current expected credit losses (CECL) standard…
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