CECL – Accounting Standards Codification Topic 326, Financial Instruments – Credit Losses
The adoption of the Current Expected Credit Losses, or CECL, took effect for calendar year Public Business Entities (PBEs) on January 1, 2020.
The adoption of the Current Expected Credit Losses, or CECL, took effect for calendar year Public Business Entities (PBEs) on January 1, 2020.
The COVID-19 pandemic is causing unprecedented disruptions in business processes and productivity along with a dramatic reduction in consumer spending, which has negatively impacted companies’ financial performance.
As the world reacts to coronavirus’s pandemic status with travel bans, event cancellations and ceasing business operations, companies may want to start reassessing their 13-week cash-flow model.
Every day brings new developments regarding the novel coronavirus as the crisis worsens and reaches pandemic proportions.
The pros and cons of different SOX compliance program models Every publicly traded company is legally obligated to comply with the Sarbanes-Oxley (SOX) Act, and that compliance inevitably comes at a cost.
Information technology is not without its risks.
CFGI recently rounded up a few of its top Sarbanes-Oxley specialists to discuss all things SOX compliance on camera.
The PCAOB defines a material weakness as, “a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.