How has the board’s role in financial reporting changed?
(authored by RSM US LLP) Audit committees play a critical role by overseeing and monitoring the financial reporting process for their organizations.
Accounting Solutions for CARES Act Program Proceeds
When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, they sanctioned much-needed relief payments to healthcare providers across
When Will Market Uncertainties Affect Going Concern, and What Should Management Do About It?
Though this is not a new reporting requirement, management is up against a unique threat this year and should take the steps to evaluate going
FASB Proposes Postponing Effective Dates for ASC 606 and ASC 842
Contractors: Are You Ready to Implement the New Lease Standard?
In early 2016, the Financial Accounting Standards Board (FASB), the body that sets accounting principles for U.S. entities, released a new accounting standard on how
Accounting for Financial Instruments: New Requirements
The Financial Accounting Standards Board (FASB) has made a significant change to accounting standards related to accounting for financial instruments. Accounting Standards Update 2016-01 (ASU
What Should I Do About GDPR?
GDPR is a buzzword that has been in the news frequently these past few months. GDPR, which stands for General Data Protection Regulation, affects more
Deducting or Amortizing Start-up Costs and Organizational Costs
How will the new lease accounting standard affect your business?
For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. That’s because the Financial