About Partners Contact Client Portal
LinkedIn Twitter
Services Industries Insights & Events Careers & Culture

Services

RubinBrown specializes in providing a comprehensive range of services to meet business and personal needs. Whether you require expert tax, strategic business consulting, audit services or more, RubinBrown's team of experienced professionals are here to support you.

View All Our Services
Assurance Services
Benefit Plan Audit Services Public Company Services SOC Examinations, IT Audit, & Third-Party Risk
Consulting Services
Business Process Improvement Services Business Restructuring & Bankruptcy Services Cyber Security Services Environmental, Social and Governance Services ERP & Enterprise Software Advisory Fraud & Forensics SOC Examinations, IT Audit, & Third-Party Risk Information Technology Services Litigation Services Mergers & Acquisitions Services Risk & Internal Audit Services Valuation Services
Entrepreneurial Services
Outsourced Accounting & Advisory Services
Tax Services
Federal Tax Services Private Client Services Credits & Incentives Services State & Local Tax Services
RubinBrown Advisors RubinBrown Corporate Finance

Industries

At RubinBrown, we bring experience across a range of industries. Our experience enables our professionals to offer tailored solutions catering to the intricacies of each sector. Our professionals have years of focused engagement and skills, allowing them to navigate industry-specific challenges to benefit our clients.

View All Our Industries
Colleges & Universities Construction Gaming Healthcare Law Firms Life Sciences & Technology Manufacturing & Distribution Not-For-Profit Private Equity Public Sector Real Estate Transportation & Dealerships

Insights & Events

At RubinBrown, we provide valuable insights detailing emerging trends and industry-specific information. Our events, hosted virtually and in-person, keep you informed and connected to the topics and industries that matter most to you and your organization.

View All Insights & Events
Jun 11

RubinBrown’s Leveraging Technology for Business Success

Learn More & Register
Jun 17

RubinBrown’s Rural Health Webinar Series

Learn More & Register

House Passes ‘One Big Beautiful Bill’

Learn More

The Importance of Documentation & Coding Education for Healthcare Organizations & Providers

Learn More

Careers & Culture

At RubinBrown, we are inspired team members, working as one firm, living our core values, and Being Our Best for Others while delivering totally satisfied clients. We invite you to learn more about the Firm's culture, the Be Your Best for Others mentality, and explore the available opportunities at RubinBrown.

Discover Our Culture
Baker Tilly International Campus Recruiting Diversity & Inclusion Experienced Recruiting RubinBrown Charitable Foundation Join The Team
Back to Accounting & Audit Alerts for Sureties

FASB Extends Reference Rate Reform Relief

Contact Us

FASB Extends Reference Rate Reform Relief

Contact Us

In 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which was intended to ease the potential burden in accounting for reference rate reform on financial reporting during the temporary transition period. The FASB included a sunset provision within Topic 848 based on the expectation LIBOR would cease being published. At the time of the issuance of ASU 2020-04, the UK Financial Conduct Authority (FCA) indicated that it would no longer be necessary to persuade or compel banks to submit to LIBOR after December 31, 2021. Therefore, the sunset provision was set for December 31, 2022.

In March 2021, the FCA announced a change in the intended cessation date of the overnight 1-month, 3-month, 6-month and 12-month LIBOR to be June 30, 2023. As a result, Topic 848 might not have covered a period of time during which a significant number of modifications may take place. Therefore, the FASB has voted to allow a deferral of the sunset date to December 31, 2024.

This ASU applies to all entities subject to meeting certain criteria, have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform.

ASU 2022-06 is effective immediately upon issuance.

The full text of ASU 2022-06 is available here.

 

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

 

Be Your Best for Others at RubinBrown

At RubinBrown, our firm fosters a culture built upon five vision points, and are guided by our philosophy of Being Our Best for Others. Discover how you can be your best at RubinBrown today by visiting our Careers & Culture Overview for available opportunities and more.

Discover Our Culture

Join Our Mailing List

RubinBrown periodically sends breaking regulatory updates, technical summaries, industry-specific information and event (in-person and virtual) invitations through electronic newsletters.

Sign Up for Our Communications
1-800-678-3134 Certified Public Accountants & Business Consultants

Ranked a Top 50 Accounting Firm by Inside Public Accounting

Firm News Disclaimers Privacy Policy Client Payment © 2025 RubinBrown LLP
RubinBrown Executive Recruiting RubinBrown Advisors RubinBrown Corporate Finance