Photograph of skyscrapers with glass windows from the ground facing up to a blue sky

Tag: FASB

Eco-friendly lounge set with carbon offsets

FASB Begins Process of Setting Accounting Standards for Environmental Reporting

Eco-friendly lounge set with carbon offsets

Summer is the season for projects. As day-to-day life slows down for a few months, the most industrious among us often use the break to knock out nagging tasks that have been sitting on to-do lists. DIYers – those fanatics who spend their d...

Read More
Goodwill Impairment Problems Haven’t Gone Away

Goodwill Impairment Problems Haven’t Gone Away

Goodwill Impairment Problems Haven’t Gone Away

Remember the hubbub over goodwill impairment? Back before the coronavirus knocked the world off its axis, it was kind of a big deal. In fact, in early 2020, regulators were looking at redefining the concept of goodwill (which refers to the...

Read More
Leased office space with retail options

SEC Exercises Patience in Enforcing New Lease Accounting Standard

Leased office space with retail options

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 (curfews, maybe). As it turns out, the same can be said of the Securities and Exchange Commissio...

Read More
Ocean Lighthouse Wide Shot with Cloudy Background

The State of COVID-19 Disclosure, Part II: Going Concern

Ocean Lighthouse Wide Shot with Cloudy Background

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 included a helpful guide, listing topics that issuers’ disclosures should cover. Those topi...

Read More
Caution: Slow Road Ahead

EGCs Say Not So FASB on New Lease Standard

Caution: Slow Road Ahead

You’ve been worried about facemasks. You’ve been worried about antibody tests. You’ve been worried about whether your seventh grader’s brain is atrophying, and also why her school district is sending so very many emails. The last thing you...

Read More