by Scott Nelson | Jan 23, 2017 | compliance, regulation
With every new president, there always comes some uncertainty to how the new regime will affect policy. However, with the presidential inauguration of Donald Trump now behind us, there is a heightened level of anticipation for what might happen in the coming months. Even without the wildcard that is President Trump, a Republican controlled House and Senate will ensure that many changes will be coming that will greatly impact compliance in regulated industries in 2017.
by Scott Nelson | Jun 11, 2016 | compliance, FASB Topic 832, government incentives
The Financial Accounting Standards Board (FASB) convened on May 4, 2016 for the first time after the Exposure Draft Comment Period closed on Topic 832 to discuss feedback from staff on the comment letters and other input from various outreach performed by the staff. Overall most stakeholders are supportive of the FASB’s efforts to increase transparency in government incentives & address the diversity in practice that exists today in accounting for government assistance.
