Tag: financial reporting
FASB Offers Goodwill Impairment Alternative to Private Businesses, Nonprofits
FASB will allow provide private companies and nonprofits to use an accounting alternative to evaluate…
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SEC Issues Statements on Special Purpose Acquisition Companies (SPACs)
Last week, the SEC issued two statements regarding issues related to special purpose acquisition companies…
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FASB Simplifies Accounting for Complex Financial Instruments
FASB simplified the accounting for convertible instruments by eliminating large sections of the existing guidance…
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SEC Reporting for Smaller Reporting Companies (SRCs)
As the economic landscape continues to evolve, companies have an opportunity to seek relief from…
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COVID-19 FAQs: Nonprofit & Education
Here are some of the most frequently asked questions and resources to help nonprofit and…
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Accounting for Paycheck Protection Program (PPP) Loans and Forgiveness
Currently, there is no formal guidance that states how businesses should account for PPP loan…
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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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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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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 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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