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Accounting & Auditing Alert for Sureties August 2018


RubinBrown's Accounting & Auditing Alert is published monthly to inform our clients and contacts about relevant technical accounting and audit-related information.


FASB Proposes Update to Definition of Collections

The FASB has issued an Exposure Draft that would update the definition of the term, “collection” within the Master Glossary of the Accounting Standards Codification so that it is consistent with the definition used in the American Alliance of Museums Code of Ethics for Museums.


FASB Issues Simplifications to Accounting for Nonemployee Share-Based Payments

The FASB has issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting. Under the new guidance, the measurement and classification of nonemployee awards is generally aligned with the existing guidance for awards to employees.


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