SEC Exercises Patience in Enforcing New Lease Accounting Standard
Parents have an instinctive sense of which household rules to enforce ruthlessly (“don’t lie” comes to mind), and which to be more lenient with ...
The State of COVID-19 Disclosure, Part II: Going Concern
Two weeks ago, the SEC urged public companies to speak frankly to investors about how the pandemic is impacting their financial health. The SEC even i...
EGCs Say Not So FASB on New Lease Standard
You’ve been worried about facemasks. You’ve been worried about antibody tests. You’ve been worried about whether your seventh grader’s brain i...
FASB Gives Issuers a Break on Tough Lease-Accounting Questions
As the pandemic keeps brick-and-mortar businesses shuttered across the country, landlords are giving concessions to retailers, restaurants and offices...
Pandemic Raises Key Lease Accounting Issues
The changes to lease accounting that took effect in 2019 for large public companies culminated a protracted process that dramatically altered their fi...
Regulators Getting Bad Vibes From Goodwill
The balance sheets of public companies currently hold $5.5 trillion in assets lumped under the heading of goodwill. The term, which connotes feelings ...