At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the McGladrey Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest financial reporting insights. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.
Goodwill impairment: FASB proposes simplifications
If finalized, a recent FASB proposal would simplify the measurement of the goodwill impairment charge.
FASB addresses various issues in latest changes to new revenue guidance
A recent ASU makes several changes to the guidance originally included in ASU 2014-09, Revenue from Contracts with Customers (Topic 606).
Proposed ASU addresses restricted cash in the statement of cash flows
A recent proposed ASU addresses diversity in the classification and presentation of changes in restricted cash on the statement of cash flows.
Rescission of certain SEC guidance on revenue recognition and derivatives
The SEC Staff recently rescinded certain SEC Staff Observer comments regarding revenue recognition and derivatives.
Source: RSM US LLP
Used with permission as a member of the McGladrey Alliance
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