Ideas & Insights

Each quarter, RSM's accounting thought leaders update middle market businesses on recently issued and proposed accounting guidance.

Among other matters, recently issued GASB Statement No. 97 addresses the accounting and financial reporting for Section 457 plans.

The International Accounting Standards Board recently released several amendments to IFRS 17, Insurance Contracts.

We have updated our white paper to address the accounting by lenders for loans entered into under the Paycheck Protection Program.

We have updated our white paper that discusses estimating the fair value of a noncontrolling interest in a business combination.

The SEC recently provided a cross-Divisional update regarding its targeted regulatory relief related to the COVID-19 pandemic.

Audit committees play a critical role by overseeing and monitoring the financial reporting process for their organizations.

The SEC Chief Accountant recently addressed the continued importance of high-quality financial reporting in light of COVID-19.

What role can the board of directors play in the multifaceted ESG arena? ESG is more than an acronym that stands for a trio of concerns.

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

Businesses can improve operations and reduce costs after adopting the ASC 842, despite the time and effort required to maintain compliance.

The GASB has issued a proposed Technical Bulletin regarding the CARES act and certain outflows related to the coronavirus.

A summary of the guidance entities should apply when evaluating whether there is doubt about ability to continue as a going concern.

The GASB recently issued guidance on the accounting for subscription-based information technology arrangements.

The AICPA recently released guidance regarding the accounting for a loan received under the Paycheck Protection Program.

Understanding what digital assets are will help companies make decisions when digital asset-specific guidance is issued.

Implementing (ASC) 842 will likely require a lease accounting software package. These five topics are key areas for you to consider.

RSM’s approach to implementing new standards differs because we take a practical, hands-on approach; our depth and experience sets us apart.

ASU 2020-05 provides one-year effective date deferrals for certain entities and their adoption of ASC 606 and 842.

The PCAOB recently published information for auditors and audit committees regarding audits involving cryptoassets.