FASB Issues ASU 2015-15 Debt Issuance Costs Associated with Revolving Credit Arrangements
On August 18, 2015, the FASB issued ASU 2015-15, which adds the SEC Staff views on the presentation and measurement of debt issuance costs related to line-of-credit arrangements to the FASB ASC.
Published on August 20, 2015
FASB Issues ASU 2015-14 Effective Date of Revenue Recognition Standard Deferred
On August 12, 2015, the FASB issued ASU 2015-14, which defers by one year the effective date of ASU 2014-09, Revenue from Contracts with Customers, for all entities.
Published on August 13, 2015
FASB Issues ASU 2015-12 Three Simplifications to Accounting for EBPs
On July 31, 2015, the FASB issued ASU 2015-12, which simplifies accounting for employee benefit plans.
Published on August 03, 2015
Deferral of the Effective Date of the Revenue Recognition Standard Approved by FASB
On July 9, 2015, the FASB approved the deferral of the effective date of ASU 2014-09 for all entities by one year.
Published on July 10, 2015
DOL Report Assessing the Quality of Employee Benefit Plan Audits
The U.S. DOL EBSA issued a report indicating deficiencies in the quality of audit work with respect to audits of EBPs.
Published on June 04, 2015
FASB Issues ASU 2015-09
This alert informs readers about the issuance of FASB ASU 2015-09, Financial Services—Insurance (Topic 944): Disclosures about Short-Duration Contracts
Published on May 28, 2015
FASB Issues ASU 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share
This alert informs readers about the issuance of ASU 2015-07, which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient.
Published on May 04, 2015
FASB Issues ASU 2015-04 and ASU 2015-05
This alert informs readers about the issuance of ASU 2015-04 and ASU 2015-05. ASU 2015-04 provides a benefit plan measurement practical expedient. ASU 2015-05 addresses customer's accounting for fees paid in a cloud computing arrangement.
Published on April 16, 2015
FASB Issues ASU 2015-03 on Simplifying the Presentation of Debt Issuance Costs
This alert informs readers about the issuance of ASU 2015-03, which requires that debt issuance costs be presented as a direct deduction from the carrying amount of debt liability.
Published on April 07, 2015
FASB Votes to Defer Effective Date of ASU 2014-09, Revenue from Contracts with Customers
This alert informs readers about the vote by the FASB to defer the effective date of the new revenue recognition standard.
Published on April 07, 2015
CPEA Report Results in Elimination of the Disclosure of Open Tax Years When No Unrecognized Tax Benefits Exist
This alert informs readers about the deletion of TPA 5250.15, which results in the elimination of the requirement to disclose open tax years when no uncertain tax positions exist.
Published on March 24, 2015
FASB Issues Accounting Alternative for Private Companies on Intangible Assets in Business Combinations Accounting Standa...
This alert discusses the FASB issuance of ASU 2014-08 for private companies on intangible assets acquired in a business combination.
Published on February 24, 2015
FASB Issues New Consolidation Guidance ASU 2015-02
This alert provides information about FASB ASU 2015-02, which improves the consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures.
Published on February 18, 2015
FASB Eliminates the Concept of Extraordinary Items Accounting Standards Update (ASU) 2015-01
This alert provides information about FASB ASU 2015-01, Income Statement—Extraordinary and Unusual Items: Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.
Published on January 20, 2015
Standards Applicable to Registered Broker-Dealers And Other Entities Registered with the SEC and New Code of Professiona...
This alert includes a a summary of certain auditing, attestation, and independence standards applicable to the audit and attest engagements for certain entities registered either with the SEC, Commodity Future Trading Commission, or both, for fiscal years ending on or after June 1, 2014.
Published on December 18, 2014