by Controllers Council | Aug 25, 2020 | Legislation
FASB, SEC, FTC, and… SASB? For controllers, this new set of standards may not feel familiar, but those looking at the future may need to look to these new standards for advice. Today, we look at a few things you should know about the Sustainability Accounting...
by Controllers Council | Aug 20, 2020 | Legislation, Tax
If you hadn’t seen the news announced earlier this month, President Trump signed an Executive Order on August 8 to break the stalemate in Congress. Though offering a much broader continuation of benefits released under the CARES Act, one of the key provisions was one...
by Controllers Council | Aug 7, 2020 | Legislation
The last few months have been… interesting. From the coronavirus outbreak to some of the largest stimulus packages in existence, controllers at many organizations have had to make a variety of tough decisions to keep their business moving forward. However, as this all...
by Controllers Council | Jul 31, 2020 | Audit, Legislation
Hailed as one of the biggest changes to accounting in decades (or at least since ASC 606), The Lease Accounting Standard, also known as ASC 842 was a marked change in the way that leases are reported. According to a recent report from LeaseQuery and Encoursa, the move...
by Controllers Council | Jul 13, 2020 | Accounting, Legislation
As we discussed in a recent blog, the FASB announced that as a result of the COVID-19 outbreak and the associated lockdowns, the FASB Delayed RevRec and Lease Adoption for Private Companies. As we discussed, “If you had been paying attention to the steps other...
by Controllers Council | Jul 10, 2020 | COVID-19, Legislation
The COVID-19 pandemic put a lot of stress and pressure on businesses, employees, and finances. While a variety of laws have been passed to address the challenges, many business leaders were left seeking clarity on how these laws would impact them. One of these...
