United States
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
The FDIC recently issued an Interim Final Rule providing temporary relief for Part 363 audit and reporting requirements.
We have updated our white paper to discuss how MSLP loans should be accounted for by both borrowers and lenders.
Our white paper discusses many relevant matters related to, and the impact of COVID-19 on, goodwill impairment testing.
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.
The AICPA has issued answers to accounting questions regarding certain CARES Act provisions specific to health care entities.
The Small Business Administration’s new FAQ addresses many issues related to forgiveness of Payroll Protection Program loans.
The PCAOB recently asked audit committee chairs how COVID-19 has affected financial reporting and the audit process.
We have updated our white paper to address certain recent financial reporting developments related to the coronavirus.
The AICPA has issued Technical Question and Answers regarding certain COVID-19-related lender accounting issues.
GASB Technical Bulletin 2020-1 provides financial reporting guidance for issues related to the CARES Act and COVID-19.
We have updated our white paper to address the accounting by lenders for loans entered into under the Paycheck Protection Program.
The SEC recently provided a cross-Divisional update regarding its targeted regulatory relief related to the COVID-19 pandemic.
The SEC Chief Accountant recently addressed the continued importance of high-quality financial reporting in light of COVID-19.
The GASB has issued a proposed Technical Bulletin regarding the CARES act and certain outflows related to the coronavirus.
The AICPA recently released guidance regarding the accounting for a loan received under the Paycheck Protection Program.