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.
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 AICPA has issued recipient accounting guidance for Shuttered Venue Operators Grants and Restaurant Revitalization Fund grants.
ASU 2021-05 addresses the accounting for a lease with variable lease payments that do not depend on a reference index or a rate.
A recent GASB Exposure Draft addresses financial reporting requirements related to accounting changes and error corrections.
A discussion of the accounting implications when a donor plans to use a donor-advised fund for a promise to give.
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.
FASB proposes a goodwill impairment triggering event alternative for certain private companies and not-for-profit entities.
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.
We have published a new edition of our guide regarding the accounting for debt modifications, restructurings and exchanges.
The FASB will propose an ASU that would provide a goodwill impairment triggering event alternative for certain entities.
A PCAOB resource provides information for audit committees about new requirements for auditing estimates and use of specialists.
