Audit & Assurance News Alerts


August Audit & Assurance Newsletter

Thursday, August 10, 2017

FASB simplifies accounting for certain financial instruments Following a Private Company Council recommendation, the Financial Accounting Standards Board (FASB) recently issued a new standard that simplifies the accounting for certain financial instruments with down round features. Down round features are a provision in an equity-linked financial instrument or embedded feature that provides a downward adjustment […]

July Audit & Assurance Newsletter

Wednesday, July 12, 2017

FASB proposes changes to consolidation guidance The Financial Accounting Standards Board (FASB) has proposed an accounting standards update to reduce the cost and complexity of financial reporting related to the consolidation of variable interest entities, based on recommendations from FASB’s sister organization, the Private Company Council. The proposal aims to address some of the concerns […]

June Audit & Assurance Newsletter

Monday, June 12, 2017

FASB issues update on modification accounting for share-based payment awards In a new accounting standard recently issued, The Financial Accounting Standards Board (FASB) hopes to provide clarity by offering guidance on the scope of modification accounting for share-based payment awards. Accounting Standards Update No. 2017-09, Compensation—Stock Compensation (Topic 718): Scope of Modification Accounting, gives direction […]

April Audit & Assurance Newsletter

Friday, April 21, 2017

New rules for accounting for amortization of premiums for purchased callable debt securities The Financial Accounting Standards Board (FASB) recently made targeted changes to the rules governing accounting for amortization of premiums for purchased callable debt securities. The changes are described in Accounting Standards Update No. 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium […]

March Audit & Assurance Newsletter

Tuesday, March 21, 2017

FASB changes presentation of defined benefit costs The Financial Accounting Standards Board (FASB) recently issued an accounting standard that is designed to increase the transparency and usefulness of information about defined benefit costs for pension plans and other post-retirement benefit plans presented in employer financial statements. The rules changes are described in Accounting Standards Update […]