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Accounting & Auditing Alert December 2020


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

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FASB Issues New Guidance On Callable Debt Securities

In October 2020, the FASB issued ASU 2020-08, Codification Improvements to Subtopic 310-20, Receivables—Nonrefundable Fees and Other Costs that is intended to clarify the accounting for certain callable debt securities.


FASB Proposes Three Targeted Improvements To The Leases Standard

The FASB has issued an Exposure Draft related to Leases (Topic 842) intended to improve three targeted areas of the lease guidance.


FASB Issues Proposal To Clarify Scope Of Reference Rate Reform Guidance

In March 2020, the FASB issued ASU 2020-04 – Reference Rate Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting.


Readers should not act upon information presented without individual professional consultation.