Article

Updated white paper: Accounting for bankruptcies

November 03, 2023
#
Audit Financial reporting Presentation & disclosures

We have issued an updated version of our white paper, Accounting for bankruptcies, to provide accounting and financial reporting guidance for entities that have filed petitions with the Bankruptcy Court and expect to reorganize as going concerns under Chapter 11, as well as entities that have emerged from Chapter 11 under confirmed plans. The guidance in this publication is also applicable prepackaged bankruptcies (i.e., those where the bankruptcy plan has been confirmed prior to filing under Chapter 11).

RSM provides updated guidance for board members and audit committees serving public and private companies

Latest insights

For too many boards, the audit committee remains a catch-all for issues that don’t­ seem to fit. Directors share strategies for challenging the status quo.­

Ideas and analysis

Stay on top of changes and updates to financial reporting with help from our accounting thought leaders.

Webcast series

Each quarter, our leaders update businesses on recently issued and proposed accounting guidance.

Subscribe to Financial Reporting Insights

Stay informed with our biweekly resource for recent financial reporting developments, including AICPA, SEC, PCAOB matters and other finance and accounting compliance considerations.