Financial Reporting Insights
Recognition of deferred tax assets for unrealized losses
Recent IASB guidance clarifies how to account for deferred tax assets related to unrealized losses on debt instruments measured at fair value.
Ideas & Insights
Financial Reporting Insights
Proposed technical amendments to recently issued standards
The FASB recently proposed changes to clarify the Codification and correct unintended application of guidance.
Financial Reporting Insights
Proposed standards for employer reporting of certain benefit plans
Two recent proposed ASUs address financial reporting by employers related to defined benefit pension and other postretirement benefit plans.
Financial Reporting Insights
Registrants required to include hyperlinks to exhibits
Effective Sept. 1, 2017, registrants will be required to include a hyperlink to each exhibit identified in the exhibit index of filings.
Financial Reporting Insights
Regulation Crowdfunding guide for issuers
The SEC recently issued a small entity compliance guide for issuers in crowdfunding transactions.
Financial Reporting Insights
Requirements for disclosure of tax-related non-GAAP measures
Registrants are reminded that disclosure of tax-related non-GAAP financial measures must comply with the SEC’s requirements.
Financial Reporting Insights
Recording of 2013 COSO Framework Update Webcast available
A recorded version of our 2013 COSO Framework Update webcast, which was presented on May 23, 2013, is now available on our website.
Financial Reporting Insights
Required disclosure of certain participants in the audit
New rules will require disclosure of the engagement partner and other accounting firms that took part in the audit of an issuer.
Financial Reporting Insights
RSM comments on proposed auditor reporting for plans subject to ERISA
RSM has issued a comment letter on a proposed auditor reporting standard for employee benefit plans that are subject to ERISA.
Financial Reporting Insights
RSM Reporting newsletter – May 2016
RSM International recently published the May 2016 edition of its quarterly publication, which covers global accounting and reporting matters.
Financial Reporting Insights
Retirement benefits: Practical expedient permitted for measurement date
The FASB has provided a practical expedient for the measurement date of an employer’s defined benefit obligation and plan assets.
Financial Reporting Insights
RSM Reporting newsletter – April 2015
RSM International recently published the April 2015 edition of its quarterly publication, which covers global accounting and reporting developments.
Financial Reporting Insights
RSM Reporting newsletter – January 2016
RSM International recently published the January 2016 edition of its quarterly publication that covers global accounting and reporting matters.
Financial Reporting Insights
SAB Topic 5.M not applicable upon adoption of FASB ASC 321
Recently issued SAB 117 states that SAB Topic 5.M no longer is applicable upon a registrant’s adoption of FASB ASC 321.
Financial Reporting Insights
SEC and PCAOB seek comments from audit committees
Audit committees are encouraged to comment on recent concept releases by the SEC and PCAOB.
Financial Reporting Insights
RSM Reporting newsletter – July 2015
RSM International recently published the July 2015 edition of its quarterly publication, which covers global accounting and reporting matters.
Financial Reporting Insights
SEC approves auditor reporting standard
On October 23, the SEC approved the Public Company Accounting Oversight Board’s new auditor reporting standard.
Financial Reporting Insights
Sara Lord appointed to AICPA Auditing Standards Board
Sara Lord, National Director of Audit for RSM US LLP, recently was appointed to the AICPA Auditing Standards Board.
Financial Reporting Insights
SEC adopts amendment to Form 10-K
A recent interim final rule expressly allows registrants to provide a summary of business and financial information in Form 10-K.
Financial Reporting Insights
SEC expands draft registration process
The SEC now will permit nonpublic review of draft registration statements relating to initial public offerings.