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Accounting & Auditing Alert September 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 Convertible Instruments And Contracts In An Entity’s Own Equity

In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity that is intended to simplify the accounting for certain financial instruments with characteristics of liabilities and equity.


FASB Proposes Concepts For Defining Elements In A Financial Statement

The FASB has issued an Exposure Draft related to the Conceptual Framework.


GASB Issues Exposure Draft On Financial Reporting Model Improvements

The GASB has issued an Exposure Draft of a proposed Statement, Financial Reporting Model Improvements.


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