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.
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.
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.
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.
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.
Are You Properly Managing Cybersecurity and Data Privacy Risks?
Information technology is not without its risks.
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.
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.