ACCOUNTING CHANGES AND ERROR CORRECTIONS
A change in accounting principle is defined as: “A change from one generally accepted accounting principle to another generally accepted accounting principle when (a) there are two or more generally accepted accounting principles that apply; or (b) the accounting principle formerly used is no longer generally accepted. A change in the method ...
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A NEWSLETTER FROM BDO’S NATIONAL …
www.bdo.comA NEWSLETTER FROM BDO’S NATIONAL ASSURANCE PRACTICE JULY 2016 www.bdo.com TOPIC 842, LEASES INTRODUCTION In early February 2016, the Financial Accounting Standards Board (“FASB” or “the Board”) issued
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Sample audit Committee QueStionS to aSk - BDO USA, LLP
www.bdo.com2 Sample Audit Committee Questions to Ask of Auditors and Management u Sample audit Committee QueStionS to aSk of auditorS and management To assist the audit committee in performing its duties, the following is a list of questions it may ask the auditors and management in the context of periodic discussions (i.e., audit planning meeting and post-audit meetings).
REVENUE FROM CONTRACTS WITH CUSTOMERS – …
www.bdo.comMay 2015 | www.bdo.com REVENUE FROM CONTRACTS WITH CUSTOMERS – HARDWARE INDUSTRY OVERVIEW In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers.ASU 2014-09 establishes comprehensive accounting guidance for revenue …
REVENUE FROM CONTRACTS WITH CUSTOMERS - bdo.com
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BDO KNOWLEDGE Webinar Series: ASC 740 – Interim Period …
www.bdo.com• Income tax expense (benefit) for an interim period is the sum of income tax (benefit) from year-to-date “ordinary income” (loss) and income tax (benefit) from items and events not included in “ordinary income”
ESTABLISHING AN EFFECTIVE INTERNAL AUDIT FUNCTION
www.bdo.comTHE ROLES & FUNCTIONS OF INTERNAL AUDIT • Monitor and assist the Company with Risk Management • Assist with documentation and development of the Company’s internal control framework • Monitor/test the effectiveness of the internal control framework (SOX 404 requirement; some testing recommended for all companies)
2021 MEDICARE PHYSICIAN FEE SCHEDULE UPDATE: …
www.bdo.comIn order for this change to be revenue neutral, a known regulatory challenge, CMS had to reduce the “conversion ... Medicare reimbursements can be enhanced or penalized by up to 9%, although there is a two-year delay in ... 74176 Ct abd & …
BDO’S US GAAP AND IFRS COMPARISON SERIES …
www.bdo.comAn intangible asset not yet available for use is tested for impairment in the same manner as an indefinite-lived intangible asset until it is available for use The annual impairment test for an indefinite-lived intangible asset must be a quantitative test The impairment test compares the carrying amount to the recoverable amount (defined above).
BDO KNOWS COVID-19 – Accounting, Reporting and Other ...
www.bdo.comgoing concern issues, include the effects in the ... operations, or liquidity due to COVID-19 should include robust discussions of these circumstances. Entities should also consider whether the impacts of COVID -19 necessitate early warning disclosures regar ding potential
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