United States
Plan sponsor actions to incorporate the provisions of the SECURE and CARES Acts into their plan documents and plan administration.
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
We have updated our white paper to discuss how MSLP loans should be accounted for by both borrowers and lenders.
The ABA recently addressed the ASC 860 legal isolation criterion for transfers of participating interests in MSLP loans.
The AICPA has issued answers to accounting questions regarding certain CARES Act provisions specific to health care entities.
RSM’s white paper has been updated to address the accounting for PPP loans and revolvers with a fluctuating borrowing base.
Discussion of the accounting considerations for a borrower that has received a loan under the Paycheck Protection Program.