Coronavirus: Updates about certain Provider Relief Fund requirements
We updated the discussion about certain government assistance in our Coronavirus: Financial reporting considerations white paper.
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GASB issues Exposure Draft regarding compensated absences
A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.
Ongoing updates to Coronavirus: Financial reporting considerations
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Deferred tax asset valuation allowance
Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
Audit & Accounting Guide:
An updated AICPA guide addresses the unique aspects of the preparation and auditing of financial institution financial statements.
FASB Codification improvements
A recent FASB ASU makes minor technical corrections and clarifications to the Accounting Standards Codification.
Proposed updates to ASC 842
The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.
Temporary relief for FDIC Part 363 audit and reporting requirements
The FDIC recently issued an Interim Final Rule providing temporary relief for Part 363 audit and reporting requirements.