The FASB issued ASU 2019-06, Extending the Private Company Accounting Alternatives on Goodwill and Certain Identifiable Intangible Assets to Not-for-Profit Entities, to simplify how a non-profit entity accounts for goodwill...
The AICPA’s Financial Reporting Executive Committee (“FinREC”) released a working draft of an accounting and valuation guide (the “Guide”) in May 2018, titled “Valuation of Portfolio Company Investments of Venture...
ASC 842, Leases, became effective for public business entities for annual periods beginning after December 15, 2018 (i.e., calendar periods beginning on January 1, 2019) and interim periods therein. For...
The FASB issued ASU 2019-01, Leases, ASC 842, Codification Improvements, to ease the application of certain aspects of the new leases guidance for certain industry groups, and also provides certain...
Organizations are operating in an ever-changing and increasingly complex environment. The use of outsourced service providers, cloud-based software service models (SaaS), shared service models, new regulations (General Data Protection Regulation...
On March 20, 2019, the SEC adopted amendments to modernize and simplify certain disclosure requirements in Regulation S-K. The final rules, which respond to the SEC’s mandate under the...