Financial Reporting Insights

A biweekly resource for recent financial reporting developments

This page provides access to the most recent editions of Financial Reporting Insights. For access to an 18-month archive of Insights articles organized by topic, visit our Financial Reporting Resource Center.

June 4, 2020

• Full issue
• FASB finalizes limited effective-date deferrals for ASC 606 and 842
• Audits involving cryptoassets
• Disclosure amendments: Acquired and disposed businesses
• Josie Hammond to chair AICPA Employee Benefit Plans Expert Panel
• IASB issues narrow-scope amendments to standars
  

May 21, 2020

• Full issue
• FASB expands ASC 606 deferral and approves limited deferral of ASC 842
• Coronavirus: PPP loans and revolvers with a fluctuating borrowing base 
• GASB postpones effective dates of certain pronouncements

May 12, 2020

• Full issue
• Cash flow hedge accounting affected by the COVID-19 pandemic 
• Answers to two recent health care-related accounting questions 
• Single Audit requirements: SBA loan programs 
• GASB issues implementation guidance

April 30, 2020

• Full issue
• Updates to Coronavirus: Financial reporting considerations
• Updated white paper: Fundamentals of debt classification 
• Proposed deferral for certain entities: ASC 606 and ASC 842
• Webinar on interagency statement on loan modifications and reporting 
• Guidance issued: Public-private and public-public partnerships 
• U.S. GAAP and IFRS comparisons: Leases and interim reporting 
• IASB discusses COVID-19-related matters

April 21, 2020

• Full issue
• Coronavirus: FASB staff provides guidance on various issues
• COVID-19: Auditor and audit committee considerations
• FDIC announces changes to community bank leverage ratio
• FDIC FAQ for financial institutions affected by COVID-19 
• GASB proposes to postpone effective dates of certain pronouncements
• GASB issues guidance for transition from Interbank Offered Rates
• More proposed amendments: Interest rate benchmark reform