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.

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Impairment Testing During the COVID-19 Pandemic

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.

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Reassessing Your 13-Week Cash Flow in the Face of COVID-19

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.

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4 Steps Management and Audit Committees Should Take to Address Coronavirus Concerns

Every day brings new developments regarding the novel coronavirus as the crisis worsens and reaches pandemic proportions.

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The Future Is Already Here, and CFOs Need to Transform Finance to Survive

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Should You Insource, Outsource or Co-Source Your SOX Compliance Program?

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.

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Are You Properly Managing Cybersecurity and Data Privacy Risks?

Information technology is not without its risks.

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Insight and Advice From 3 Seasoned SOX Specialists

CFGI recently rounded up a few of its top Sarbanes-Oxley specialists to discuss all things SOX compliance on camera.

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CFO’s Guide to Significant Deficiencies and Material Weaknesses

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.

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