Every month, RubinBrown publishes monthly alerts to inform our clients and contacts about relevant technical accounting and audit-related information. Current and archived issues of the RubinBrown Accounting & Auditing Alert can be viewed with the links below.
Every month, RubinBrown publishes monthly alerts to inform our clients and contacts about relevant technical accounting and audit-related information. Current and archived issues of the RubinBrown Accounting & Auditing Alert can be viewed with the links below.
The FASB has issued an Exposure Draft related to potential changes to the evaluation of goodwill impairment.
Learn moreThe GASB has issued an Exposure Draft entitled GASB Implementation Guidance Update – 2021. The GASB periodically issues implementation guidance to assist practitioners in implementing GASB Statements and to answer frequently asked questions.
Learn moreIn 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.
Learn moreIn March 2020, the FASB issued ASU 2020-04 – Reference Rate Reform (Topic 848) Facilitation of the Effects of Reference Rate Reform on Financial Reporting.
Learn moreThe FASB has issued an Exposure Draft related to Leases (Topic 842) intended to improve three targeted areas of the lease guidance.
Learn moreThe FASB has recently issued ASU 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. Prior to ASU 2020-07, there were no specific disclosure requirements for contributed nonfinancial assets other than for contributed services.
Learn moreIn response to feedback from private company stakeholders, the Private Company Council noted that determining the fair value of traditional share-option awards at the grant date or at a modification date is costly and complex as private company equity shares often do not have an observable market price, as the shares are not actively traded.
Learn moreIn 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.
Learn moreThe FASB has issued an Exposure Draft related to the Conceptual Framework.
Learn moreThe GASB has issued an Exposure Draft of a proposed Statement, Financial Reporting Model Improvements.
Learn moreThe GASB has issued the first Exposure Draft in a series of anticipated Concept Statements.
Learn moreGASB has issued Statement No. 97, Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plans.
Learn moreThe GASB recently issued Technical Bulletin No. 2020-1 Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and Coronavirus Diseases.
Learn moreThe AICPA issued Q&A Section 3200, which provides guidance on accounting for forgivable loans received under the Small Business Administration Paycheck Protection Program (PPP).
Learn moreThe GASB issued Statement No. 96, Subscription-Based Information Technology Arrangements. The purpose of Statement No. 96 is to provide guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITA’s).
Learn moreThe GASB has issued a proposed technical bulletin to clarify the accounting for funds received by governments as a result of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Learn moreThe FASB has issued ASU 2020-05, Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities, which allows for the postponement of effective dates of ASU 2014-09, Revenues from Contracts with Customers (Topic 606) and ASU 2016-02, Leases (Topic 842) for certain entities in an effort to provide much needed relief as a result of the COVID-19 global pandemic.
Learn moreThe GASB issued implementation guidance containing questions and answers intended to clarify, explain, or elaborate on various standards including, the financial reporting entity, fiduciary activities, leases, external investment pools, asset retirement obligations, and conduit debt obligations.
Learn moreIn March, the GASB issued Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangement (P3s).
Learn moreThe GASB issued Statement No. 95, Postponement of the Effective Dates of Certain Authoritative Guidance. Statement No. 95 postpones by one year the Statements and Implementation Guides that first became effective or were scheduled to become effective for periods beginning after June 15, 2018, and later.
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