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Accounting & Auditing Alert August 2019


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


Focus on Assurance: FASB Votes To Propose Delay In Effective Dates Of Four ASUs For Certain Entities

The FASB has voted to propose a deferral of the effective dates for several of its recent standards that would provide at least an additional year to companies that have not yet adopted the standards.


FASB Proposes Narrow-Scope Improvements To Credit Losses Standard

The FASB recently issued proposed improvements, Codification Improvements to Topic 326, Financial Instruments – Credit Losses. The proposed improvements are intended to clarify the appropriate application of the recently issued ASU 2016-13 regarding credit losses.


GASB Issues Implementation Guide On Fiduciary Activities

The GASB previously issued GASB No. 84 Fiduciary Activities regarding the identification of fiduciary activities for accounting and financial reporting purposes and how those activities should be reported.


GASB Proposes Statement On Public-Private And Public-Public Partnerships

The GASB has issued an Exposure Draft on Public-Private and Public-Public Partnerships and Availability Payment Arrangements.


GASB Proposes Guidance On Deferred Compensation Plans

The GASB has issued an Exposure Draft, Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a Pension Plan and Supersession of GASB Statement 32.


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