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 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.
Learn moreThe FASB has issued a question-and-answer document in relation to lease guidance applied in Topic 840 and Topic 842 related to lease concessions that are anticipated in many instances related to the effects of the COVID-19 pandemic.
Learn moreThe FASB issued ASU 2020-03 Codification Improvements to Financial Instruments in order to improve guidance and correct unintended application.
Learn moreThe FASB issued ASU 2020-04. Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting that is intended to ease the potential accounting burden as it relates to reference rate reform.
Learn moreThe GASB issued Statement No. 93, Replacement of Interbank Offered Rates.
Learn moreThe GASB is proposing the postponement of effective dates of several critical upcoming GASB Statements in an effort to provide much needed relief to state and local governments as a result of the COVID-19 pandemic.
Learn moreThe FASB has issued ASU 2020-02, Financial Instruments—Credit Losses (Topic 326) and Leases (Topic 842): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (Topic 842).
Learn moreThe FASB has issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 to clarify the application of the measurement alternative to measure certain equity securities without a readily determinable fair value at cost, minus impairment plus or minus any observable price changes amended in ASU 2016-01.
Learn moreThe FASB has issued an Exposure Draft, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. The proposed ASU is intended to increase the transparency of contributed nonfinancial assets through enhancements to presentation and disclosure.
Learn moreThe GASB has issued an Omnibus Statement No. 92 to address various accounting and financial reporting issues that have been identified during the implementation and application of several GASB pronouncements. The GASB issues omnibus statements to correct, clarify and provide additional guidance on previously issued pronouncements.
Learn moreThe GASB issued an Exposure Draft that contains 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.
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