21 Jan 2020 Common Valuation Pitfalls
The use of proper, acceptable valuation techniques and analysis is critical for accounting and tax reporting purposes. Valuation errors that impact financial reporting can cause audit issues and delays, as...
Insights
30 Dec 2019 FASB Issues Two Updates to Finalize Deferral of Effective Dates for Major New Accounting Standards
On November 15, 2019, the FASB issued two Accounting Standards Updates (ASUs) to extend the deadline to implement FASB standards on current expected credit losses, ASC 326 Financial Instruments –...
17 Dec 2019 FASB Clarifies Accounting for Share-Based Payments to Customers
The FASB issued ASU 2019-08, Codification Improvements – Share Based Consideration Payable to a Customer (“Update”), to clarify guidance in ASC 718, Compensation – Stock Compensation, on measurement and classification...
04 Dec 2019 2019 SEC Reporting Insights
For matters that affect financial reporting in 2019, the Securities and Exchange Commission’s focus and activities were consistent with trends observed in the prior year. Rulemaking related to capital formation...
03 Dec 2019 New Accounting Standards Upcoming Effective Dates for Public and Private Companies
We have provided a summary of certain new accounting standards with mandatory effective dates in the first quarter of 2020 for public entities, as well as new standards that take...
26 Nov 2019 Does Your Company Need Help Implementing ASC 606?
The upcoming changes with the revenue recognition standard will have an impact on your financial statements. Whether those changes occur in the amounts presented or enhanced disclosure, companies need to...