While there is no magic formula for transitioning a company from “fact finding” to the “CECL sanctioned” state, we have outlined an adoption roadmap that can be tailored for the idiosyncrasies inherent in every business.
This paper explores the current regulatory environment, market trends, the preparation necessary to ensure readiness, as well as the transition and long-term effects of becoming a public company.
In the past several years, it has been hard to miss the many stories of major businesses, politicians and public figures falling victim to malicious hacking and the release of confidential and sensitive personal or professional data.
Private companies involved in business combinations that require recognition of the fair value of acquired assets may be aware of a Financial Accounting Standards Board (FASB) accounting alternative.
