Apr 15, 2019 | Audit, Center for Public Company Excellence, CFO Essentials, Public & Investor Backed
Written by: Elberta Nizzoli, Partner, SingerLewak In February 2018, the SEC issued Interpretive Release No. 33-1049 (Commission Statement and Guidance on Public Company Cybersecurity Disclosures), which provides interpretive guidance on disclosure requirements under...
Feb 28, 2019 | Center for Public Company Excellence, CFO Essentials, Emerging Companies, Entrepreneur & Family Owned Businesses, Public & Investor Backed
The Financial Accounting Standards Board (FASB) issued a major change to the lease accounting rules, ASC Topic 842 (“Topic 842”), to increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and...
Feb 26, 2019 | Public & Investor Backed
In December 2018, the SEC issued Release No. 33-10588 (Request for Comment on Earnings Releases and Quarterly Reports), in which the SEC is requesting public comment on the nature and timing of disclosures that reporting companies are required to provide in their Form...
Feb 20, 2019 | Audit, Public & Investor Backed
When the FASB issued ASU 2018-11, Leases (Topic 842), in July 2018, it was meant to reduce costs and ease the implementation of the leases standard. It provides a new transition method and a lessor practical expedient to not separate the lease and non-lease components...
Feb 15, 2019 | Public & Investor Backed, Revenue Recognition, Valuation
by Frances Franco and Ed Schenkein Effective for fiscal years starting December 15, 2018 private companies are required to adopt a new standard on revenue recognition, “Revenue from Contracts with Customers” ASC Topic 606 (“Topic 606”). “The core principle of the...
Jan 15, 2019 | Audit, Public & Investor Backed, Revenue Recognition
On May 28, 2014, the Financial Accounting Standards Board (FASB) issued accounting standards update on revenue recognition, Revenue from Contracts with Customers (Topic 606). The guidance in the revenue recognition standard update affects entities that enter into...