Perspectives

Financial Reporting Alerts

Issued as needed to highlight up-to-the-minute accounting, regulatory, or other developments that may require immediate action or that may affect financial reporting and disclosure.

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Subscribe to receive Financial Reporting Alerts via e-mail. Archives are available on the US GAAP Plus site.

Most Recent Financial Reporting Alert

Financial Reporting Implications of Disasters

Financial Reporting Alert 17-6

This Financial Reporting Alert highlights some of the financial reporting implications of disasters for entities reporting under U.S. GAAP. Those implications can include the accounting for asset impairments, the income statement classification of losses, insurance recoveries, and additional exposure to environmental remediation liabilities.

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