Ideas & Insights

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

The PCAOB staff recently issued an overview of its planned inspection focus areas and an accompanying audit committee resource.

The SEC recently issued a statement addressing certain liability risks for those participating in the endeavors of a SPAC.

The IASB has extended the application period for the IFRS 16 practical expedient for covid-19-related rent concessions.

On April 12, 2021, the SEC issued a Staff Statement on Accounting and Reporting Considerations for Warrants Issued by SPACs.

The FASB has issued ASU 2021-03, which provides a new goodwill impairment alternative for private companies and not-for-profits.

The SEC recently addressed certain issues to be considered before a private company undertakes a business combination with a SPAC.

A recent Center for Audit Quality publication provides an overview of the role of auditors in company-prepared ESG information.

A recent FASB Educational Paper provides an overview of the intersection of ESG matters with financial accounting standards.

Our white papers have been updated with more information regarding the accounting for PPP loans and the Employee Retention Credit.

The SEC Division of Examinations recently issued a Risk Alert regarding compliance practices for digital asset securities.

The SEC recently formed a task force to develop initiatives for proactively identifying violations related to ESG issues.

A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.

With a focus on ESG initiatives, real estate investors should consider C-PACE, a public-private financing option.

A discussion of the accounting implications when a donor plans to use a donor-advised fund for a promise to give.

Individuals may be eligible for a valuable incentive to reduce federal income tax liability for contributing to a 401(k) plan.

We are boosting the efficiency and quality of audits of the future with artificial intelligence and machine learning, and augmented reality.

We have updated our white paper to discuss the interaction of Subtopic 815-40 with the SEC’s guidance on redeemable securities.

Our article discusses interest capitalization for a mandatorily redeemable financial instrument classified as a liability.

A recent publication provides information about reporting ESG information in SEC submissions and related attestation engagements.