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One of the many challenging aspects of Accounting Standards Codification (ASC) 842, Leases, is the calculation of the appropriate discount rate. Determining the discount rate will be a significant area of judgment that will require supporting documentation and may necessitate new internal controls. This article provides details on this critical step in lease implementation.
In response to investor demands, FASB has issued a proposal that would add new income tax disclosures for all entities. Read on for details…
This article summarizes recent regulatory developments and areas of focus for transition planning for the June 2023 LIBOR sunset.
This handy reference guide chronologically lists upcoming effective dates for FASB’s accounting standards updates (ASUs) with links to…
Presenters included a wide range of representatives from the SEC, PCAOB, FASB, the Center for Audit Quality (CAQ), and the AICPA. The PCAOB…
FASB has issued ASU 2022-06, which extends LIBOR sunset relief to December 15, 2024. Read on for details.
This handy reference guide chronologically lists upcoming effective dates for FASB’s accounting standards updates (ASUs) with links to…