Centri Insights

10/08/2019

Importance of Adequately Assessing Governance & Internal Control Design for SOX Assessments

Having good internal controls is important to mitigate risks, increase efficiency, enhance...

08/21/2019

FASB Proposes to Defer Effective Dates of Major Accounting Standards

The proposed ASU reflects a new FASB viewpoint about effective dates that...

08/01/2019

Valuation Services – Cheap Stock and Share-Based Stock Compensation

The Financial Accounting Standards Board (“FASB”) issued an update to ASC 718-09,...

07/02/2019

FASB Issues Transition Relief for Credit Losses Standard

The Financial Accounting Standards Board (“FASB”) recently issued ASU 2019-05, Financial Instruments—Credit...

06/28/2019

FASB Simplifies Accounting for Goodwill & Certain Identifiable Assets for NFPS

The FASB issued ASU 2019-06, Extending the Private Company Accounting Alternatives on...

06/25/2019

Valuation of Portfolio Company Investments – Important Reminders

The AICPA’s Financial Reporting Executive Committee (“FinREC”) released a working draft of...

06/20/2019

ASC 842 is Here. Are You Ready?

ASC 842, Leases, became effective for public business entities for annual periods...

05/07/2019

FASB Issues Improvements to Leases Standard for Lessor Financial Institutions

The FASB issued ASU 2019-01, Leases, ASC 842, Codification Improvements, to ease...

04/30/2019

Risk Management and the Three Lines of Defense Model

Organizations are operating in an ever-changing and increasingly complex environment. The use...

04/26/2019

SEC Modernizes and Simplifies Certain Disclosure Requirements in Regulation S-K

On March 20, 2019, the SEC adopted amendments to modernize and simplify...

04/12/2019

FASB Simplifies Goodwill Impairment Test

Details: The FASB recently issued ASU 2017-04 to simplify how all entities...

02/25/2019

Accounting Update & Risk Considerations for Cloud Computing Arrangements

In August 2018, Financial Accounting Standards Board (FASB) issued ASU 2018-15 Intangibles-Goodwill...