Audit article Loan restructing 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).
Audit Article AICPA issues standard on agreed upon procedures
New AICPA standard SSAE 19 adds more flexibility to AUP procedures.
Audit article The Division of Corporation Finance issues tech, IP risk disclosure guidance
In this issue we review the SEC’s Division of Corporation Finance view regarding the disclosure obligations that companies with international business
Audit article SEC Final Rule amends Volcker Rule
In this issue we review the SEC final rule amending Section 13 of the Bank Holding Company Act, commonly referred to as the “Volcker Rule.”
Audit article SEC staff issues statement on LIBOR transition
SEC highlights certain risks associated with the expected discontinuation of LIBOR past 2021.
Audit Article FASB staff addresses lessor inquiry
Two methods identified for operating lease receivable impairment accounting.

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