Ideas & Insights

The SEC recently issued a final rule that amends the financial disclosure requirements for acquired and disposed businesses.

RSM’s white paper has been updated to address the accounting for PPP loans and revolvers with a fluctuating borrowing base.

On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.

In light of the pandemic, the GASB has postponed the effective dates of certain of its Statements and Implementation Guides.

SBA staff has stated its position on whether certain loan programs are subject to the Single Audit requirements.

The American Institute of Certified Public Accountants recently issued answers to technical questions for health care entities.

The GASB recently issued Implementation Guide No. 2020-1, which clarifies, explains or elaborates on recent GASB Statements.

The FASB Staff recently issued a Q&A regarding the effects of the COVID-19 pandemic on cash flow hedge accounting.

We have updated our white paper to address additional issues to consider in financial statements affected by the coronavirus.

The GASB has provided accounting guidance for public-private and public-public partnerships and availability payment arrangements.

The IASB recently proposed an amendment to IFRS 16 for the accounting for coronavirus related rent concessions.

To assist entities in determining the appropriate classification of debt, we have issued an updated version of our white paper.

A recent webinar provided information on matters related to the interagency statement on loan modifications and reporting.

We recently updated our U.S. GAAP vs. International Financial Reporting Standards comparisons on leases and interim reporting.

Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.

In light of the pandemic, the GASB has proposed to postpone the effective dates of certain Statements and Implementation Guides.

The FASB staff recently discussed answers to certain questions on financial-reporting topics related to the coronavirus pandemic.

The IASB has proposed amendments to address financial reporting issues related to interest rate benchmark reform.

The FDIC recently issued an FAQ, which includes answers to questions addressing COVID-19 financial-reporting-related topics.

A CAQ resource discusses key questions for auditors and audit committees related to the impact of COVID-19 on financial reporting.