Centri Insights

04/28/2020

Key Considerations in Material Weakness Remediation

The management of public companies are responsible for maintaining a strong internal...

04/26/2020

COVID-19 Impacts on Going Concern Assessments

In accordance with ASC 205-40, in preparing financial statements for each annual...

04/24/2020

Additional Funding to the Paycheck Protection Program

On April 24th, President Trump signed the $484 billion Paycheck Protection Program...

04/14/2020

Changes to Lease Accounting Due to the Coronavirus Disease (COVID-19)

The Financial Accounting Standards Board (FASB) has been actively involved in evaluating...

04/14/2020

The Importance of High-Quality Financial Reporting & Disclosure in the Age of COVID-19

Considerations Companies, investors, analysts and regulators are all closely monitoring the financial...

04/09/2020

Understanding the CARES Act and SBA Loan Program

As we all continue to navigate a world impacted by COVID-19, it...

04/03/2020

Accounting, Reporting and Other Internal Control Considerations Resulting from the Coronavirus Outbreak

The 2019 Novel Coronavirus infection (‘coronavirus’) or ‘COVID-19’ outbreak poses a serious...

03/28/2020

SEC Staff Issues Guidance on Annual Meetings

On March 13, 2020, the staff of the Division of Corporation Finance...

03/26/2020

SEC Changes the Accelerated and Large Accelerated Filer Definitions

On March 12th, the SEC adopted the highly anticipated amendments to the...

03/09/2020

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...

02/19/2020

SEC Proposes Some Significant Changes to Regulation S-K and Provides Guidance on Disclosure of Key Performance Indicators

On January 30th, the SEC proposed more amendments to the disclosure requirements...

02/13/2020

FASB Clarifies the Interaction of Accounting Standards for Equity Securities, Equity Method Investments and Derivatives

The FASB issued ASU 2020-01, Investments—Equity Securities (ASC 321), Investments— Equity Method...