Assurance

In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on financial statements. One area of the guidance that is especially complicated relates to ‘embedded’ leases. Updated Guidance Accounting Standards Update (ASU) No. 2016-02, ‘Leases (Topic 842)’, requires...

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently published new guidance on how companies can promote ‘risk appetite’ as part of decision-making. It is especially relevant in today’s uncertain marketplace. Digesting The New Guidance The COSO guidance, ‘Risk Appetite — Critical to Success: Using...