Ideas & Insights

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

A recent FASB proposal addresses the fair value measurement of equity securities subject to contractual sale restrictions.

A task force of the CAQ SEC Regulations Committee has accumulated certain inflation data that may be helpful in applying ASC 830.

We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders.

The AICPA has issued recipient accounting guidance for Shuttered Venue Operators Grants and Restaurant Revitalization Fund grants.

ASU 2021-05 addresses the accounting for a lease with variable lease payments that do not depend on a reference index or a rate.

The IASB has proposed a standard that would permit certain subsidiaries to apply reduced disclosure requirements.

The SBA has formally notified PPP lenders that it no longer will require submission of loan necessity questionnaires. Learn more.

We recently updated our white paper to reflect the new goodwill accounting alternative provided in FASB ASU 2021-03.

SAS No. 144 addresses the auditor’s use of specialists and use of pricing information obtained from external information sources.

The FASB has proposed allowing lessees that are not PBEs to make the risk-free rate election by class of underlying asset.

A recent GASB Exposure Draft addresses financial reporting requirements related to accounting changes and error corrections.

The GASB recently issued implementation guidance that clarifies, explains or elaborates on recent GASB Statements.

A recent proposed ASU presents a portfolio layer method to allow multiple layers of a single closed portfolio to be hedged.

ASU 2021-04 clarifies the accounting for certain modifications or exchanges of freestanding equity-classified call options.

The OCC recently issued a Comptroller’s Handbook, which applies to OCC-supervised banks that have adopted ASU 2016-13.

The FASB staff recently made clarifying comments related to the new goodwill impairment triggering event alternative.

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

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

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