| Like most financial instruments, special purpose acquisition companies present risks and rewards, and require due diligence from accounting firms to help avoid landmines. | SPACs may bring accounting risks | | By Chad Robottom 3 min read | | Like most financial instruments, special purpose acquisition companies present risks and rewards, and require due diligence from accounting firms to help avoid landmines. | |
| CAQ, AICPA publish ESG reporting roadmap | | By Michael Cohn 2 min read | | The Center for Audit Quality and the American Institute of CPAs released a guide Wednesday to environmental, social and governance reporting and attestation for accountants. | |
| FASB OKs goodwill alternative for private cos., nonprofits | | By Michael Cohn 6 min read | | The Financial Accounting Standards Board approved a tweak to the goodwill rules for private businesses and not-for-profits, giving them more flexibility on when to do impairment assessments of triggering events. | |
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