Ideas & Insights

The FASB recently issued a proposed ASU, which addresses certain loan refinancings, restructurings and writeoffs.

The SEC Staff recently issued guidance regarding the recognition and disclosure of compensation costs for “spring-loaded” awards.

ASU 2021-10 will require business entities to disclose information about certain types of government assistance they receive.

ASU 2021-09 allows lessees that are not PBEs to make the risk-free discount rate election by class of underlying asset.

The AICPA Audit & Accounting Guide, Employee Benefit Plans, was updated as of August 1, 2021 and recently was released.

The Society of Actuaries has released an updated mortality improvement scale, which should be considered by certain benefit plans.

Before year end, plan administrators or trustees and their auditors should discuss certain preconditions of the audit.

We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.

This document lists pronouncements that became effective on or after Jan. 1, 2021 or are not yet effective as of Nov. 1, 2021.

A recent proposed ASU addresses disclosure requirements for entities preparing interim financial statements and notes.

The FASB recently addressed how an acquirer should recognize and measure revenue contracts acquired in a business combination.

The Center for Audit Quality and Audit Analytics recently released their 2021 Audit Committee Transparency Barometer.

The FASB recently provided a practical expedient to private companies that issue equity-classified share-based awards.

The FASB recently provided two project updates related to its post-implementation review of Accounting Standards Update 2016-13.

The GASB has changed the term “comprehensive annual financial report” to “annual comprehensive financial report.”

As Congress ponders tax law changes, financial statement preparers may be wondering about the related financial reporting.

SAS 136 will affect audits of employee benefit plans subject to ERISA effective for periods ending on or after December 15, 2021.

The OCC recently issued its views on a variety of accounting topics relevant to the financial institutions industry.

The SEC recently released a sample letter illustrating comments it may issue regarding climate-change disclosures.

RSM has issued a comment letter on the Financial Accounting Standards Board’s Invitation to Comment, Agenda Consultation.