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Recent articles
Interest Rate Implicit in the Lease under IFRS 16 Explained
Understand the rate implicit in a lease under IFRS 16.
Impacts and Challenges in Auditing CECL
FASB’s new CECL standard is creating issues for auditors and other users.
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Key Facts to Know About Financial Reporting and COVID-19
Millions of businesses have been closed, hoping and praying that the economic crisis is temporary. All levels of supply chain and distribution have been disrupted, creating havoc with...
Audits are not always fun, but do provide many benefits
Read about the benefits of an audit.
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Accounting for Rent Concessions under IFRS 16 as a Result of the COVID-19 Pandemic
COVID-19 has impacted the way we account for rent concessions under IFRS 16.
CECL Encounters a ‘Perfect Storm’
In Brief After years of deliberation and comment, FASB’s long-awaited standard on accounting for credit losses, in the form of ASU 2016-13, was finally issued in 2016 and became effective in...