Tag: regulations

Non-Financial Institutions Are Being Impacted by The CECL Deadline

09/27/2019
With the credit loss accounting standard update deadline coming up this December, non-financial institutions are now trying to catch up and understand the impact of how the Current Expected Credit...

Learning From Companies That Implemented ASC 842

09/20/2019
The ASC 842 is a new standard that is impacting both lessees and lessors and creating a significant compliance challenge for both public and private companies. The implementation deadline for...

AICPA Introduces SSFS 1

08/30/2019
The Statement on Standards for Forensic Services No. 1, (SSFS 1) was announced by The American Institute of CPAs (AICPA) in July of 2019.  SSFS 1, developed by the AICPA’s...

Finance Team SOX Compliance Training

06/25/2019
In 2006, the Sarbanes-Oxley Act (SOX) was passed, and this was a moment that changed the finance sector forever. Essentially, this act regulated financial practices. Thirteen years later, many businesses...

Credit Losses Standard Tips for Audit Committees

06/19/2019
The new credit losses standard being introduced by FASB focuses on new credit losses. And the financial services sector will certainly have to wade through some challenges as it’s implemented. ...

Troubleshooting ASC 606

06/14/2019
Private equity CFOs are certainly in a challenging position. While it is a slightly different role than you’ll see within the public sector, the great thing about it is that...

Accounting for Collaborative Arrangements

06/11/2019
The Financial Accounting Standards Board (FASB) has issued new guidance about how entities should account for collaborative arrangements. Because there was no previous guidance, this led to businesses employing a...

The Impact of the New Loss Accounting Rule

06/10/2019
The upcoming changes in how US financial institutions report loan losses will have significant impacts on some banks. While the effects on the banks will be unequal, it is expected...