The Auditing Standards Board has issued three proposed new standards for quality management at the firm and engagement levels.
FASB votes to finalize a goodwill impairment triggering event alternative for private companies and not-for-profit entities.
Our white paper has been updated to reflect recent financial reporting developments resulting from the Coronavirus pandemic.
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
The Act does not lengthen CARES Act COVID plan relief, but offers relief for non-COVID disasters, partial terminations and pension plans.
FASB proposes a goodwill impairment triggering event alternative for certain private companies and not-for-profit entities.
The 2021 Consolidated Appropriations Act passes Congress and includes many extended and improved tax credits and incentives.
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
PPP borrowers, especially fiscal year taxpayers, should consider extending tax returns and delay loan forgiveness filing (unless necessary).
The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.
Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
An updated AICPA guide addresses the unique aspects of the preparation and auditing of financial institution financial statements.
An updated AICPA guide addresses the unique aspects of the preparation and auditing of employee benefit plan financial statements.
We have published a new edition of our guide regarding the accounting for debt modifications, restructurings and exchanges.
IRS clarifies deduction disallowance for expenses funded by PPP and issues safe harbor for borrowers that forgo or are denied forgiveness.