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  • Stock repurchases and the associated risks July 1, 2019 Stock repurchases have skyrocketed in recent years, fueled, in part, by cash flow generated by the Tax Cuts and Jobs Act (TCJA) and the availability of inexpensive debt capital. So-called ...
  • Public companies: Is it time to update the MD&A requirements? July 1, 2019 The U.S. Securities and Exchange Commission (SEC) is planning to issue a proposal by April 2020 that would “modernize and simplify disclosure rules” regarding management’s discussion and analysis (MD&A) of ...
  • FASB extends alternatives for goodwill to not-for-profits    July 1, 2019 On May 30, the Financial Accounting Standards Board (FASB) issued an accounting standard that enables not-for-profit organizations to use the easier, less costly methods available to private companies for reporting ...
  • Financial Reporting: Comparability vs. Convergence June 10, 2019 The global financial reporting project is alive and well, according to Russell Golden, Chairman of the Financial Accounting Standards Board (FASB). Despite rumors that the FASB and the International Accounting ...
  • New inline XBRL requirements June 10, 2019 The Securities and Exchange Commission (SEC) adopted a rule in June 2018 to require public companies to embed interactive data tags directly into their financial statements using a process called ...
  • More details on the income statement June 10, 2019 Ideally, investors should be able to get sufficient information about a company’s future cash flows by looking at the income statement. But they currently don’t because expense information is too ...
  • Disclosing Government Assistance May 7, 2019 Amazon pulls the plug In February, Amazon pulled the plug on a $2.5 billion project to open a second headquarters in Queens, New York, that would have created an estimated 50,000 ...
  • Boardroom Diversity – Trends May 7, 2019 For companies of all sizes and industry groups, diversity is a hot topic today. Many corporate directors want to increase board diversity to capture its strategic benefits. Here are key ...
  • Lease Standards for 2020 May 7, 2019 Private businesses: Who’s ready for the new lease standard? Many private companies are still unaware of the balance sheet effects of new lease accounting rules, including lease capitalization requirements, that go ...
  • ‘Materiality’ – International vs. U.S. Standards April 9, 2019 Close-up on materiality The Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA) has been discussing options to amend its definition of the term “materiality.” In May, ...
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