Crypto-assets utilizing blockchain are now held for various reasons by companies, but the FASB has yet to tell us how to account for them. Read More ...
What can we learn from SEC enforcement actions?
Apr 13, 2021Even in uncertain economic times, the SEC still expects the rules to be followed! In this post, we’ll summarize recent SEC enforcement actions. Read More ...
Accounting for PIPEs… the answer doesn’t have to be a pipe dream!
Mar 30, 2021Investment companies have been investing in PIPEs as part of the recent explosion of SPACs, but how are these investments accounted for under ASC 946? Read More ...
Attack of the SPACs
Mar 09, 2021SPACs have been all the rage lately. Last week’s post described a SPAC transaction. This post discusses the accounting and financial reporting issues. Read More ...
SPAC: Is it a hack?
Mar 02, 2021SPACs have been all the rage lately. This post describes a SPAC transaction. Next week we’ll discuss the accounting and financial reporting issues. Read More ...
New PCAOB Inspection Reports are Here!
Feb 09, 2021On February 2, the PCAOB released 2019 inspection reports for 12 firms (all at once)! In this blog post, we summarize the findings of the PCAOB. Read More ...
The FASB doesn't like bad surprises... so you'd better avoid them!
Jan 26, 2021ASU 2017-08 clarifies the accounting for amortization of the premium on purchased callable debt securities bringing headaches to those affected by it! Read More ...
Highlights of the 2020 AICPA Conference
Dec 15, 2020In this post, we are highlighting the 2020 AICPA Conference on Current SEC and PCAOB Developments which, for the first time, was held virtually! Read More ...