Ideas & Insights

Constituents recently provided feedback to the FASB regarding issues encountered in the implementation of ASC 842.

The FASB recently issued requirements regarding the presentation and disclosure of contributed nonfinancial assets by nonprofit entities.

The SEC recently updated the statistical disclosure requirements applicable to bank and savings and loan registrants.

Our white paper discusses pandemic-related financial reporting issues, including a lender’s accounting for PPP loans.

The IASB’s recent amendments address the transition to alternative interest rate benchmarks as a result of benchmark reform.

RSM discusses goodwill impairment testing when a reporting unit or an entity has a downward-trending positive carrying amount.

We have updated our white paper, which provides an overview of lessor accounting under ASC 842 for financial institutions.

The AICPA has issued answers to accounting questions regarding certain CARES Act provisions specific to health care entities.

Changes to an issuer’s accounting for convertible instruments and the derivatives scope exception for contracts in an entity’s own equity.

The SEC recently issued a final rule, which makes certain modifications to the existing definition of “accredited investor.”

On August 27, 2020, the SEC issued a final rule that revises Items 101, 103 and 105 of Regulation S-K. Learn more.

Our summary highlights several regulations affecting broker-dealers that recently have been issued or updated.

The OMB recently released the 2020 Compliance Supplement, which is effective for audits of years beginning after June 30, 2019.

The PCC has proposed a practical expedient for determining the current price of a share underlying a share-option award.

The FASB recently addressed the complexity of its guidance for convertible instruments and contracts in an entity’s own equity.

The Small Business Administration’s new FAQ addresses many issues related to forgiveness of Payroll Protection Program loans.

Our white paper discusses the temporary optional accounting expedients provided by the FASB to ease LIBOR transition.

The PCAOB recently asked audit committee chairs how COVID-19 has affected financial reporting and the audit process.

We have updated our U.S. GAAP vs. IFRS comparisons for fair value measurements, government grants and discontinued operations.

The Governmental Accounting Standards Board has added guidance addressing certain COVID-19-related financial reporting issues.