(authored by RSM US LLP) Proposed improvements to leases guidance on related party arrangements
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update
(authored by RSM US LLP) The FASB recently voted to issue proposals on the determination of an arrangement as a lease and the financial reporting requirements for related party lease arrangements for certain entities.
(authored by RSM US LLP) A proposed FASB ASU would require a buyer that uses a supplier finance program to disclose certain information about the program.
Treasury-Backed “Fiscal Recovery Funds” Present Unique Funding Opportunities to State and Local Governments
As part of President Biden’s American Rescue Plan Act (ARPA) that was passed in March 2021, Congress assigned $1.9 trillion in federal funds for “COVID-related
(authored by RSM US LLP) We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders.
(authored by RSM US LLP) The FASB staff recently made clarifying comments related to the new goodwill impairment triggering event alternative.