(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) Our article discusses weighting evidence in discerning whether a valuation allowance should be recognized for deferred tax assets.
(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) Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan.…
(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) The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.
(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.