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FASB Clarifies Accounting for Acquired Revenue Contracts with Customers

FASB Clarifies Accounting for Acquired Revenue Contracts with Customers

by Moss Adams | Nov 12, 2021 | Articles, ASC 606, Lease Accounting, Revenue Recognition

Summary provided by MaterialAccounting.com: This article explains FASB’s new accounting standards update about acquired revenue contracts. Read the article to learn how these changes could impact your business. On October 28, 2021, the Financial Accounting...
An FAQ on California’s Proposition 39 and How It Affects School Districts

An FAQ on California’s Proposition 39 and How It Affects School Districts

by Moss Adams | Oct 12, 2021 | Articles, Auditing

Construction bond programs are often the largest expenditure of a district’s capital and operating budget. With bond program costs ranging from millions to several billion dollars, citizens and stakeholders want to know where and how funds are spent. High-profile,...
Implement New Lease Accounting Standard Before It’s Too Late

Implement New Lease Accounting Standard Before It’s Too Late

by Moss Adams | Sep 24, 2021 | Articles, ASC 842, Lease Accounting, US GAAP Accounting

Summary provided by MaterialAccounting.com: The new accounting standards are a monumental undertaking. It’s critical that companies implement them sooner rather than later. This article explains why you shouldn’t delay adoption any longer.   This...
A SOC 2 Compliance Checklist to Help Maintain Your Report

A SOC 2 Compliance Checklist to Help Maintain Your Report

by Moss Adams | Sep 7, 2021 | Articles, Auditing

Organizations that are new to SOC 2 certification and want to maintain compliance have a series of factors to consider. This article is designed to help you first understand why SOC 2 reports are required or requested, and how your organization can prepare for and...

The Many Benefits of Including IT Control Testing in Audits

by Moss Adams | Sep 7, 2021 | Articles, Auditing

During the COVID-19 pandemic, work-from-home environments became normal, often deferring the maintenance of internal controls over financial reporting (ICFR). Organizations tend to prioritize pressing staffing and resourcing concerns during times of disruption—which...
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