SAS 136: The communication of reportable findings
SAS 136 includes requirements to communicate reportable findings identified as a result of testing relevant plan provisions.
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SAS 136: The ERISA Section 103(a)(3)(C) audit election
Plan administrators should consider all implications of an ERISA Section 103(a)(3)(C) election before the election is made.
Updated practice aid: Accounting for digital assets
The AICPA Digital Assets Working Group has updated a practice aid regarding the accounting for and auditing of digital assets.
Financial institutions and the phase out of LIBOR
We have updated our white paper regarding the fundamentals of LIBOR phase out and transition for financial institutions.
Updates to SBA’s PPP loan FAQ for borrowers and lenders
We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders.
GASB issues Exposure Draft regarding compensated absences
A recent GASB Exposure Draft proposes a unified model for the recognition and measurement of all types of compensated absences.
Ongoing updates to Coronavirus: Financial reporting considerations
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Actuarial valuation: New mortality improvement scale released
A recently released mortality improvement scale should be considered when measuring benefit plan costs and obligations.
Borrower’s accounting for debt restructurings and modifications
A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.