Recent articles
Variable Lease Payments: Implications under the New Lease Standard
After years of anticipation, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued their final standards on lease accounting. Accounting Standards Codification (ASC) Topic 842, “Leases,” will be effective...
The Going Concern Gap in U.S. GAAP
Recent events, such as the fiscal crisis of 2007–2008 and the economic recession that followed, have prompted concerns about whether investors have received sufficient notice of impending corporate bankruptcy. According to data available from New Generation Research,...
The Tangle of Intangible Assets and Business Combinations
Read about concerns related to intangible assets and business combinations.
A Refresher on Accounting for Leases
This article provides a summary of changes to lease accounting under GAAP.
To Delay, or Not to Delay? That is the Big ASC 606 Question
This article discusses the effective date for ASC 606
PCAOB Urges Auditors to Follow Standards on Going Concern
The Public Company Accounting Oversight Board (PCAOB) on Monday reminded auditors that they should continue adhering to the board’s existing standards when considering an organization’s ability to operate as a going concern. In Staff Audit Practice Alert No. 13,...