Tag: financial reporting

Complex Financial Instruments
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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Small Reporting Company Filing Requirements
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 Orgs
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 PPP Loans
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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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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