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.
We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.
This document lists pronouncements that became effective on or after Jan. 1, 2021 or are not yet effective as of Nov. 1, 2021.
The GASB has changed the term “comprehensive annual financial report” to “annual comprehensive financial report.”
Risk. Such a broad topic, but boards are ultimately responsible to investors and others for the all-encompassing task of risk oversight.
SAS 136 will affect audits of employee benefit plans subject to ERISA effective for periods ending on or after December 15, 2021.
The OCC recently issued its views on a variety of accounting topics relevant to the financial institutions industry.
When an employer sponsors a retirement plan for its employees, it must carefully consider, and continually monitor, the plan provisions.
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.
HHS recently opened the Provider Relief Fund Reporting Portal and published a related User Guide and FAQ document.
As cybersecurity threats emerge and expand, boards of directors have increased responsibility to address potential threats.
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.
Government entities are finding GASB 87 compliance, the Government Accounting Standards Board’s new standard on lease accounting, complex.
