United States
The FDIC recently issued an Interim Final Rule providing temporary relief for Part 363 audit and reporting requirements.
The ABA recently addressed the ASC 860 legal isolation criterion for transfers of participating interests in MSLP loans.
Our white paper discusses pandemic-related financial reporting issues, including a lender’s accounting for PPP loans.
Since the World Health Organization declared COVID-19 a global pandemic, scammers are taking advantage of financial institutions.
Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.
Among other topics, a recent interagency statement addresses the accounting for loan modifications made in response to COVID-19.