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 Quality
For more information, please contact our audit professionals at firstname.lastname@example.org or toll free at 844.4WINDES (844.494.6337).