This article provides updates on accounting, standard setting, and reporting developments for the second quarter. Topics include FASB…

Since GASB issued Statement 87, Leases, in June 2017, there have been several updates and one effective date delay. This article provides…

The SEC has proposed new rules and disclosures to give investors consistent, comparable, and reliable information on funds’ and advisers’…

A new ASU creates a practical expedient for private companies calculating the fair value of the equity shares underlying a share-option…

FASB has issued an exposure draft that would extend the effective date for ASU 2020-04 and expand the definition of SOFR, the replacement…

This paper reviews key aspects of the guidance in Accounting Standards Update 2016-02, Leases (Topic 842).