Audit article FASB provides practical expedient for initial franchise fees
Review of the guidance in ASU 2020-06 that simplifies accounting for convertible instruments.
Audit Article FASB simplifies accounting for convertible instruments
Review of guidance in ASU 2020-06 that simplifies accounting for convertible instruments.
Audit Article Impact of COVID-19 on income tax accounting
The spread of the COVID-19 pandemic is impacting businesses around the world. As entities consider the effects of COVID-19 on their global operations, careful
Audit Article Financial statements disclosure and internal control over financial reporting
What has been the impact of COVID-19 in your business? Consider these implications on disclosures during the preparation of your financial statements.
Audit Article Creditor accounting for PPP loans
The AICPA has issued the Technical Questions and Answers summarizing the creditor accounting for PPP loans.
Audit article Loan restructurings with periods of reduced payments
On this issue we discuss the AICPA Technical Question and Answers (TQA) 2130.41 that address the subsequent accounting for the restructure of debts made by
Audit Article Creditor accounting for Paycheck Protection Program loans
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created the Paycheck Protection Program (PPP), which is administered by the Small Business
Audit Article CorpFin issues additional COVID-19 guidance
The SEC’s Division of Corporation Finance issues guidance that includes additional disclosure considerations related to business and market disruptions caused
Audit Article Revenue and leases standards for certain entities – effective dates deferment
FASB defers the effective dates of the revenue and leases standards for certain entities.
Audit Article COVID-19 related loan restructing by creditors
In this issue we review interagency statement on loan modifications and reporting for financial institutions working with customers affected by the
Audit article Accounting for rent concessions
Many businesses have been evaluating how to dealt with their rent contracts. This article presents the accounting for rent concessions in times of economic
Audit Article SEC relieves companies affected by coronavirus
In this article we present the SEC order to provide conditional regulatory relief and assistance to companies affected by the coronavirus (COVID-19).

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