FASB approves private company and NFP goodwill triggering event alternative
FASB responded to an urgent pandemic-related accounting concern by voting to provide private companies and not-for-profits with an alternative to the requirement to monitor and evaluate goodwill impairment triggering events throughout the fiscal year and potentially measure a goodwill impairment at the date of triggering events. read more– Journal of Accountancy
FASB simplifies revenue recognition for private company franchisors
Private company franchisors will be able simplify their revenue recognition accounting under a standard recently issued by FASB. read more– Journal of Accountancy
ESG reporting and attestation roadmap
The AICPA and the Center for Audit Quality released a guide providing a roadmap for environmental, social and governance reporting and attestation for accountants. read more– Center for Audit QualityFor more information, please contact our audit professionals at [email protected] or toll free at 844.4WINDES (844.494.6337).
