Audit & Accounting

FASB considering delay in leases standard for private cos.

By Michael Cohn       4 min read

The board will be considering a proposal at a meeting Wednesday to postpone the standard for another two years.  Read story →

FASB decides not to delay leases standard for private cos., nonprofits

By Michael Cohn       3 min read

The Financial Accounting Standards Board voted Wednesday against deferring the lease accounting standard for a third time for private companies and not-for-profit organizations. Read story →

SEC names new chair and members of PCAOB

By Michael Cohn       4 min read

The Securities and Exchange Commission has appointed longtime SEC official Erica Y. Williams as the new chair of the Public Company Accounting Oversight Board, and named three new members.  Read story →

FASB eases discount rate guidance for nonpublic lessees

By Michael Cohn       4 min read

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans. Read story →

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ASC 842 and GASB 87 – Top three challenges of compliance

With so many lease accounting changes going into effect this year, the best practices we'll discuss will help you to simplify compliance with the FASB and GASB deadlines. Learn more →

Infrastructure bill includes some tax provisions

By Michael Cohn       4 min read

The bipartisan infrastructure bill that the House passed over the weekend and sent to President Biden’s desk includes some tax-related provisions, including an early expiration of the Employee Retention Tax Credit and new rules for reporting on cryptocurrency transactions. Read story →

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