Category: Financial Reporting

Impact of CARES Act on Going Concern
COVID-19 Impacts on Going Concern Assessments

The COVID-19 crisis will put pressure on each entity’s going concern assessment and having a…

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Audit Committee Considerations
Questions for Audit Committees During the COVID-19 Crisis

Questions for audit committees to consider in executing financial reporting responsibilities and ensuring audit quality…

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Lease Accounting Standard Delayed
FASB Votes to Defer the Effective Date of ASC 842

This week, FASB voted in favor of a one-year deferral of the effective date of…

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SEC Issues New Guidance on Financial Disclosures
SEC Issues More Compliance & Disclosure Interpretations on COVID-19 Filing Relief

The SEC issued a new Compliance and Disclosure Interpretation to clarify that registrants may take advantage…

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SEC Staff Issues Compliance and Disclosure Interpretations on COVID-19 Filing Relief

The SEC issued two Compliance and Disclosure Interpretations (“C&DIs” 135.12 and 135.13) to clarify the circumstances in…

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Accounting Considerations During COVID-19
Accounting & Reporting Considerations During the COVID-19 Pandemic

With the continued spread of COVID-19 and its overwhelming effect on the global economy, we…

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SEC Relief for Companies Affected by Coronavirus
SEC Provides Conditional Relief and Assistance for Companies Affected by the Coronavirus

The SEC issued an exemptive order (the Order) on March 4, 2020 providing conditional relief for registrants…

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Revenue Recognition for Software as a Service
How SaaS Providers Are Tackling Revenue Recognition: Part 2

In Part Two of this series, MFA details how software-as-a-service (SaaS) providers are tackling revenue…

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Revenue Recognition for SaaS Providers
Revenue Recognition for SaaS Providers: Part 1

How software-as-a-service (SaaS) providers can comply with revenue recognition guidelines, e.g. determining contract terms, and…

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Changes to Regulation S-K for Public Companies
SEC Proposes Significant Changes to Regulation S-K

New proposed changes to Regulation S-K intend to modernize, simplify and enhance the SEC’s framework…

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