SAS 136 includes requirements to communicate reportable findings identified as a result of testing relevant plan provisions.
Plan administrators should consider all implications of an ERISA Section 103(a)(3)(C) election before the election is made.
The Accounting Standards Update (ASU) 2021-10 is intended to increase transparency by requiring business entities to disclose information about certain types of government assistance they receive.
Before year end, plan administrators or trustees and their auditors should discuss certain preconditions of the audit.
This document lists pronouncements that became effective on or after Jan. 1, 2021 or are not yet effective as of Nov. 1, 2021.
We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.
The GASB has changed the term “comprehensive annual financial report” to “annual comprehensive financial report.”
The OCC recently issued its views on a variety of accounting topics relevant to the financial institutions industry.
SAS 136 will affect audits of employee benefit plans subject to ERISA effective for periods ending on or after December 15, 2021.
The AICPA has issued recipient accounting guidance for Shuttered Venue Operators Grants and Restaurant Revitalization Fund grants.
HHS recently opened the Provider Relief Fund Reporting Portal and published a related User Guide and FAQ document.
ASU 2021-05 addresses the accounting for a lease with variable lease payments that do not depend on a reference index or a rate.
We updated the discussion about certain government assistance in our Coronavirus: Financial reporting considerations white paper.
A recent GASB Exposure Draft addresses financial reporting requirements related to accounting changes and error corrections.
A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.
FASB votes to finalize a goodwill impairment triggering event alternative for private companies and not-for-profit entities.