by Protiviti | Aug 17, 2018 | Articles, ASC 606, ASC 840, Lease Accounting, Revenue Recognition
On July 30, 2018, the Financial Accounting Standards Board (FASB) issued ASU No. 2018-11, a long-awaited – but expected – update to pending changes in lease accounting standards, intended to reduce implementation costs and burden. The update provides a new, simplified...
by Protiviti | Mar 16, 2018 | Articles, ASC 606, ASC 842, Lease Accounting, Revenue Recognition
Public company accounting departments closing the books on 2017 may find it difficult to take a breath. Fresh from filing their 10-K and finalizing their preparation for the FASB’s new revenue recognition standard (ASC 606) effective in 2018, it is time to prepare for...
by Protiviti | Dec 15, 2017 | Articles, Auditing
With new accounting standards, audit quality pressures from the Public Company Accounting Oversight Board (PCAOB) and uncertainty in the business and regulatory environment, many audit committee members I talk to say they feel tasked to the limit. This is not new....
by Protiviti | May 30, 2017 | Articles, Lease Accounting
On the heels of the Financial Accounting Standards Board’s (FASB) new revenue recognition standard, which becomes effective for calendar-year public companies beginning January 1, 2018, the accounting and internal audit world is gearing up for another significant...
