Perspectives

Heads Up

Latest accounting and regulatory developments

Periodic newsletters that analyze important accounting developments, such as new FASB and IASB pronouncements or exposure drafts. Concise examples and answers to frequently asked questions assist readers in understanding and implementing the critical guidance.

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PCAOB adopts changes to the auditor's report

June 20, 2017

This Heads Up provides an overview of the PCAOB’s new auditing standard on the auditor’s report. While retaining the current “pass/fail” opinion of the existing auditor’s report, the new standard includes several significant modifications that are intended to increase the informational value, usefulness, and relevance of the auditor’s report. 

Learn about the PCAOB's new auditing standard on the auditor's report.

Implementing the new revenue standard — How do your disclosures stack up?

June 5, 2017

This Heads Up discusses observations from our review of SAB 74 disclosures that Fortune 1000 companies included in periodic SEC filings regarding their adoption of the FASB’s new revenue standard. 

Learn about observations from our review of disclosures from Fortune 1000 companies regarding their adoption of the FASB’s new revenue standard.

FASB amends the scope of modification accounting for share-based payment arrangements

May 11, 2017

This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2017-09, Scope of Modification Accounting, which amends the scope of modification accounting for share-based payment arrangements. The ASU provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. Specifically, an entity would not apply modification accounting if the fair value, vesting conditions, and classification of the awards are the same immediately before and after the modification.

Learn about amendments to the Scope of Modification Accounting for Share-Based Payment Arrangements.

Internal control considerations related to adoption of the new revenue recognition standard

May 9, 2017

This Heads Up discusses considerations related to a company's internal control over financial reporting in connection with its adoption of the FASB's new standard on revenue recognition.

Learn about considerations related to a company's internal control over financial reporting.

Frequently asked questions about the FASB’s new leases standard

April 25, 2017

This Heads Up addresses frequently asked questions on key topics related to the FASB’s new leases standard (codified in ASC 842). Such topics include the definition of a lease, lessee and lessor accounting, lease classification, presentation and disclosure, and transition.

 

Learn about FASB’s new leases standard.
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