Fill the Gap in Your Audit Practice
What’s Next? As we move past the extended busy season many auditors are looking forward to catching their breath. This year has challenged firms in…
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FASB Offers Limited Effective Date Delays on Revenue Recognition and Leases Standards
The FASB issues an Accounting Standards Update (ASU) that offers limited effective date delays on revenue recognition and leases standards. It grants a one-year effective…
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FASB Decides to Extend Effective Date of Revenue Recognition and Leases Standards for Certain Entities
The FASB met on Wednesday, May 20, 2020 and voted to extend the effective date of Topics 606, Revenue from Contracts with Customers, and 842,…
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Audit Talks LIVE – Spring 2020
Amazing Realizations One of the industry’s most highly regarded and anticipated virtual conferences is back! Once again, Audit Talks LIVE – Spring 2020 will bring…
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FASB Issues Staff Q&A on Hedge Accounting During COVID-19 Pandemic
The FASB has issued Staff Q&A (question-and-answer document) that responds to frequently asked questions about the disruptive effects of COVID-19 on cash flow hedge accounting.…
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FASB Proposes Delay for Leases and Revenue Recognition
The FASB issues a proposed Accounting Standards Update (ASU) that grants a one-year effective date delay for certain stakeholders applying the leases and revenue recognition…
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FASB Issues Staff Q&A on Accounting for Leases
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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FASB Held a Public Meeting on Accounting Relief During Covid-19 Pandemic
The FASB held a public meeting to approve measures intended to provide stakeholders with accounting relief and clarity during the COVID-19 crisis. When the FASB held a…
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FASB Plans to Address Standard-Setting Issues During the Coronavirus
The FASB is monitoring and responding to the COVID-19 (coronavirus) pandemic situation and is committed to supporting and assisting its stakeholders during this difficult time.…
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The CARES Act Provides Temporary Relief from CECL Standard
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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