Ideas & Insights

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

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

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

What makes the shift from Libor challenging is how deep and interwoven it is in every corner of the financial services industry.

Boards should ensure all key players have the time and information to perform their financial reporting oversight responsibilities.

In the midst of pandemic and social unrest, companies can make lasting change. This commitment is facing perhaps its greatest test yet.

Portfolio managers of investment companies are considering the impact of COVID-19 and economic conditions on their March 2020 valuations.

An interagency policy statement has been issued in response to the issuance of FASB Accounting Standards Update 2016-13

Learn more about the current expected credit loss standard, the London Interbank Offered Rate transition and tax reform.

FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.

Information about the LIBOR phase out, identification of replacement rates and resultant operational and accounting considerations.

If finalized, a recent FASB proposal would defer the effective dates for certain of its guidance for certain entities.

FASB decides to propose deferring the effective dates for leases, credit losses, hedging and insurance for certain entities.

The SEC recently issued a clarification to the single issuer exemption for broker-dealers, which is effective August 13, 2019.

We recently updated our hedging guide for the clarifications made by FASB Accounting Standards Update 2019-04.

A recent webinar addressed the use of the WARM method for calculating the allowance for credit losses under FASB ASC 326.

The SEC recently modified the deadlines for registered investment companies filing non-public monthly reports on Form N-PORT.

A FASB Staff Q&A addresses use of the WARM method to estimate credit loss reserves for less complex financial asset pools.

A draft illustrative note regarding revenue recognition for SEC-registered broker-dealers is available for comment.

The SEC recently updated its frequently asked questions concerning the broker-dealer financial reporting rule.