(authored by RSM US LLP) Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.
(authored by RSM US LLP) The FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.
(authored by RSM US LLP) A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.
Beginning in January of 2021, the IRS will require businesses to report non-employee compensation using a new Form 1099-NEC. Amounts formerly reported on Form 1099-MISC
(authored by RSM US LLP) A PCAOB resource provides information for audit committees about new requirements for auditing estimates and use of specialists.
(authored by RSM US LLP) A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.
(authored by RSM US LLP) Our updated white paper discusses ASC 820 fair value measurement disclosures that were and were not affected by ASU 2018-13.
(authored by RSM US LLP) Audit committees play a critical role by overseeing and monitoring the financial reporting process for their organizations.