FASB’s proposed extension for qualifying entities has provided some relief to those impacted by ASC 326 or Current Expected Credit Loss (CECL). Those still concentrating on the January 1, 2020..

Did you say delay?

Yes.  The FASB has proposed a delay in the effective date for several major accounting standards (Hedge Accounting, Lease Accounting, CECL and Insurance Accounting).  This delay..

(Bloomberg Tax) - Public companies limped across the finish line to revamp their lease accounting earlier this year, but the hard work isn’t over yet.

The dynamic and evolving world of mergers and acquisitions (M&A) offers companies opportunities to:

Divestment strategies are integral as public companies seek a tactical shift in their business, a change in their margin profile, or a deleveraging of their balance sheet. Whether this means the..

As cloud computing continues to bring about dramatic technological advances, organizations must balance the risk of not innovating with its risk appetite for cloud usage. This should begin with..

Once upon a time, Little Red Riding Hood ventured out into the forest to visit her poor, sick grandmother. Along the way, she encountered a charming wolf who gave her no cause for alarm. Although..

As internal auditors, whether we have IT in our educational background or not, we have learned the basics around IT General Controls because so much of the control environment resides in..

As CECL’s effective date draws nearer, many now recognize that CECL requires an estimate of the expected credit losses over the life of the instrument be recognized on Day 1 and subsequent..

As I sent my son back to school last month, I quickly realized the carefree days of summer were behind us. It means battles over stricter bedtime, doing homework and more screen-time limits. It..