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John Sullivan

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FASB Delays Leasing and Revenue Recognition for Certain Organizations in Response to COVID-19

On Wednesday, May 20, 2020, the FASB voted to delay the effective date of ASU 2016-012, Leases and ASU 2014-09, Revenues from Contracts with Customers

Coronavirus Pandemic - Accounting and Financial Reporting Impacts under U.S. GAAP

Companies are adjusting to the challenges posed by the coronavirus pandemic including managing a remote workforce, lost sales, supplier disruptions, and
Audit, Leases
John Sullivan | 10.17.2019

FASB Votes to Delay Leases, Hedging and CECL Effective Dates for Private Companies and Certain Other Entities

On Wednesday October 16, 2019, the FASB unanimously voted to delay the effective dates of three major Accounting Standards Updates (ASUs) for private companies

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