Tax & Accounting Blog
Tax & Accounting Blog
SEC Chief Accountant Sagar Teotia issued a Statement on the Importance of High-Quality Financial Reporting in Light of the Significant Impacts of COVID-19. Teotia indicates…
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The SEC has issued the following guidance for consideration of COVID-19 (Coronavirus): CF Disclosure Guidance Topic 9: Coronavirus (COVID-19); Staff Statement Regarding Rule 302(b) of…
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The SEC has announced additional relief in consideration of COVID-19 (Coronavirus) for registered agents, certain other persons, and registered investment companies. Conditional Regulatory Relief for…
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The SEC adopted amendments to the “accelerated filer” and “large accelerated filer” definitions. The SEC indicated that the amendments will “more appropriately tailor the types…
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The Governmental Accounting Standards Board (GASB) has issued new Statement No. 92, Omnibus 2020. Statement 92 includes guidance addressing various accounting and financial reporting issues…
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The SEC proposed for public comment amendments to modernize, simplify, and enhance certain financial disclosure requirements in Regulation S-K. If adopted as proposed, the amendments…
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The International Accounting Standards Board (IASB) issued narrow-scope amendments to International Accounting Standards (IAS 1), Presentation of Financial Statements, to clarify how to classify debt…
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The AICPA’s Auditing Standards Board (ASB) issued Statement on Auditing Standards (SAS) No. 138, Amendments to the Description of the Concept of Materiality, and Statement…
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The AICPA’s Auditing Standards Board (ASB) has issued Statement on Standards for Attestation Engagements (SSAE) No. 19, Agreed-Upon Procedures Engagements, to supersede AT-C section 215…
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The FASB issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging, and…
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