Grant Thornton uses cookies to monitor the performance of this website and improve user experience

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

Audit Article Planning for intangible business risk
5 tips to manage enterprise risk in businesses driven by innovation
Audit article Accountability in the financial reporting process
In this issue we review the role of audit and management in the financial reporting chain.
Audit Article Proposed accounting standard update for Business Combinations
FASB proposes an accounting standard update for Business Combinations.
Audit Article Narrow Scope Improvements for lessors
The FASB recently issued ASU 2018-20, Leases (Topic 842): Narrow Scope Improvements for Lessors, which simplifies how lessors implement the new leasing guidance in ASC 842, Leases.
Audit article Estimating the fair value of inventory
The AICPA has released an early working draft in relation with Inventory Valuation Guidance to outline the considerations for estimating the fair value of inventory acquired in a business combination.
Audit Article Proposed: changes to the accounting production costs
This issue discusses the FASB proposed improvements to account for certain entertainment production costs.
Audit Article FASB Board amends credit losses guidance
The Board issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, which amends two areas of the guidance in ASC 326.
Audit Article ASU allows private companies to elect out of VIE guidance
This issue discusses the ASU issued 2018-17, Consolidation (Topic 810): Targeted Improvements to Related Party Guidance for Variable Interest Entities. This ASU allows private companies to elect out of VIE guidance.
Audit Article Targeted improvements to new leasing guidance ASC 842
The Board discussed feedback received on the proposed practical expedient related to the separation and allocation requirements of lease and nonlease components for lessors included in the proposed ASU, Leases (Topic 842): Targeted Improvements, along with other implementation issues arising from ASU 2016-02, Leases.
Audit Article Preparing for the new lessor accounting standards
The FASB issued a proposed ASU, Leases (Topic 842): Narrow-Scope Improvements for Lessors, to address certain issues raised by lessors when implementing the new leases guidance in ASU 2016-02, Leases (Topic 842). The amendments in the proposed ASU would:
Audit Article Board proposes amendments to definition of collections
In this issue we will review the FASB propose amendments to the definition of collections to Not-For-Profit Entities.
Audit Article Accounting and financial reporting in Wayfair decision
On June 21, the U.S. Supreme Court handed down its decision in the South Dakota v. Wayfair, Inc. case (the Wayfair decision) related to sales and use tax nexus standards. In this ruling, the Supreme Court overruled its previous decisions in other landmark cases, commonly referred to as National Bellas Hess and Quill, which had established a physical presence nexus standard for sales and use tax purposes. Under these prior decisions, entities were generally not required to collect and remit sales and use tax in states where they had no physical presence but sold products “remotely” to customers.
Search all articles

Talk to one of our experts

Partner – Head of Audit Johanna Pérez

Puerto Rico

+1 787 754 1915

Partner - Audit Aida Ramírez

Puerto Rico

+1 787 754 1915

Partner – Audit / Head of Outsourcing Julio Villegas

Puerto Rico

+1 787 754 1915

Partner – Audit Angiee Chico

Puerto Rico

+1 787 754 1915

Director - Audit Kayra Rivera

Puerto Rico

+1 787 754 1915

View All Experts

Our contact details

Kevane Grant Thornton

33 Bolivia Street Suite 400

San Juan, PR 00917-2013

(787) 754 1915

kgt@pr.gt.com

Contact us

    • EN