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A Memorial Day unlike any we’ve known before, but maybe a timely reminder of the importance of appreciating those who sacrifice in service to others.
Before you start enjoying this unofficial start of summer, see our two-part podcast on equity method accounting and some welcome relief for certain entities regarding the effective dates for the revenue and leases standards.
PwC's Wes Bricker, Vice Chair—US and Mexico Assurance Leader, explains why the collaboration of people and technology is more important than ever, especially for the audit.
Read our summary of the FASB’s decision to defer the revenue and leases standards for certain private companies and not-for-profit entities.
Join our Quarterly accounting webcast to stay up to date on the accounting, regulatory, and market developments you need to know to succeed in the current environment. We are offering three sessions for this webcast. Since the content for these sessions will be the same, participants are only eligible to receive CPE for attending one session. Sign up today.
Our In depth was most recently updated on May 20 with a new Q&A on how a borrower of funds under the Paycheck Protection Program should account for the arrangement and an update on the disclosure of grants received through the CARES Act.
In a special two-part episode, Heather Horn is joined by PwC partner Matt Sabatini to discuss the accounting for equity method investments. Part I of the series lays the groundwork for understanding the scope of the guidance and the determination of significant influence. Part II builds on the fundamentals to cover common misconceptions and helpful hints in the application of the guidance.
In today's environment, companies may be reevaluating their business models and cost structures. Some may be moving beyond temporary furloughs and considering layoffs and other restructuring activities. There are multiple accounting models that could apply to actions companies take as part of a restructuring. Find help in our podcast, Corporate turnarounds and impairments page, and accounting guides:
Pensions and employee benefits (section 4.4 and chapter 8)
Stock-based compensation (section 2.6, section 2.7, and chapter 4)
Financial statement presentation (section 11.4.4)
Leases (section 5.5)
Watch the video replay of our May 2020 IFRS Technical Update webcast covering COVID-19-related issues, including accounting for leases, depreciation of assets, and valuations.
In the face of current market disruptions, we describe actions management can consider to address liquidity and mitigate the risk of substantial doubt about continuing as a going concern.
Read PwC’s comments on the changes the AICPA has proposed to the CPA Exam to better focus its content on the critical knowledge and skills required of newly licensed CPAs in today’s environment.
On May 21, the SEC issued amendments to its rules to improve the financial information about acquired or disposed businesses provided to investors, facilitate more timely access to capital, and reduce the complexity and costs to prepare disclosure. There are numerous amendments that will be discussed in an upcoming PwC In depth, including:
The amendments are effective January 1, 2021, but early compliance is permitted.