Insights

The FASB issued ASU 2019-11 (“Update”) to clarify its new credit impairment guidance in ASC 326 based on implementation issues raised by stakeholders.

The CAQ published The Role of Auditors in Company-Prepared Information: Present and Future to provide a foundational understanding of the current role of auditors in various types of company-prepared and publicly disclosed information.

Management Review Controls are critical to an effective control environment.

It is natural for parents to be concerned about their children’s financial futures. This can become a problem for employers if parents take this worry to work every day. For employers, helping employees deal with financial stress related to their child can contribute to a more engaged, productive workforce.

Many employers are looking to reinvent their benefit strategies by coming up with new forms of retirement, financial wellness, and health benefits to better meet the needs of their workforces.

BDO’s Latest Publication Is A Deep Dive Into the Accounting For ASU 326, Current Expected Credit Losses Discussing Scoping, Implementation, Tax Considerations, and More

On November 15, 2019, the FASB issued two Accounting Standards Updates (ASUs) to extend the deadline to implement FASB standards on current expected credit losses (CECL), leases, hedging, and insurance that are not yet effective for some or all companies.

The FASB issued ASU 2019-08 (“Update”) to clarify guidance in ASC 718 on measurement and classification of share-based payments to customers.

In this publication, we’ve summarized the new accounting standards with mandatory effective dates in the first quarter of 2020 for public entities, as well as new standards that take effect in annual 2019 financial statements for nonpublic entities.