Tag: financial reporting
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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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 & 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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Revenue Recognition Compliance: Don’t Forget About Sales Commissions
The new revenue recognition standard (ASC 606) is now in effect for both public and…
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SEC Proposes More Changes to Modernize Regulation S-K Disclosure
On August 8, 2019, the SEC proposed amendments to the description of business, legal proceedings, and risk…
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