Month: September 2018

Financial Reporting Briefs – Third quarter 2018

Go to Source Author: This publication provides you with a snapshot of the major accounting and regulatory developments that have occurred during the third quarter of 2018. This edition brings you up to speed on the Boards’ priority joint projects and several other financial reporting...

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Comment Letter – FASB’s proposed amendments to the new credit losses standard

Go to Source Author: In our comment letter, we supported the FASB’s proposal to reduce transition complexity by providing entities that are not public business entities with additional time to implement the new credit losses standard. We also supported the FASB’s proposal to clarify that operating lease receivables are not in the scope of the credit losses standard and that lessors should follow the impairment guidance in ASC 842 for these...

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SEC Comments and Trends – September 2018

Go to Source Author: Our 2018 SEC Comments and Trends – An analysis of current reporting issues publication discusses in detail the SEC staff’s focus areas in its reviews of public filings during the year ended 30 June 2018. Our publication notes the ongoing decline in the number of comment letters issued by the SEC staff and identifies the top comment areas by...

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SEC Reporting Update – 2018 trends in SEC comment letters

Go to Source Author: Our SEC Reporting Update publication points out areas of focus of comment letters issued to early adopters of the new revenue standard, which may indicate areas the SEC staff will focus on when reviewing filings by the much larger population of registrants that adopted the standard in 2018. It also highlights areas the SEC staff may focus on next, such as disclosures about cybersecurity and how companies will be affected by new accounting standards on leases and credit impairment, and their completion of accounting for the effects of income tax...

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