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.

July 8, 2019

• Full issue
• Updated guide to revenue recognition
• Updates to our hedging guide for ASU 2019-04
• Implementation guide on fiduciary activities
• Auditor independence: Certain loans and debtor-creditor relationships
• Final AICPA Accounting and Valuation Guide forthcoming
• Amendment clarifies single issuer exemption for broker-dealers
• Proposed SAS on audit evidence
• Proposed revisions to SSARS
• Proposed amendments to IFRS 17

June 25, 2019

• Full issue
• Proposed amendments to the description of the concept of materiality
• FASB Staff Q&A regarding the accounting for grants
• Proposed guidance: Public-private and public-public partnerships

June 6, 2019

• Full issue
• FASB extends accounting alternatives to not-for-profit entities
• PCAOB staff guidance on Rule 3526(b)
• External auditor assessment tool updated
• PCAOB guidance on communication of CAMs
• Updated Data Collection Form issued
• Revised reporting of conduit debt obligations
• Proposed accounting guidance for subscription-based IT arrangements

May 28, 2019

• Full issue
• ASB issues auditor reporting standard
• Omnibus Statement on Auditing Standards issued
• FASB provides targeted transition relief for CECL
• FASB proposes to simplify the accounting for income taxes
• FASB responds to SEC disclosure update and simplification
• Proposed changes: Accelerated and large accelerated filer definitions
• Audit committee tool: Preparing for the new credit losses standard
• Emerging technologies risk and the auditors focus
• Highlights of recent SEC Regulations Committee meeting
• CAQ Guide to Internal Control Over Financial Reporting

May 14, 2019

• Full issue
• Goodwill impairment: Reporting units with negative equity
• Narrow-scope amendments to financial instruments standards
• Definition of "direct care" of collection items
• Actuarial valuation: New mortality tables for public-sector plans
• GASB releases implementation guidance
• Proposed disclosure amendments: Acquired and disposed businesses
• Proposed amendments address interest rate benchmark uncertainty