In this webcast, panelists discuss the advantages and disadvantages of robotic process automation. That analysis will require consideration of the severity of the control deficiency, if any, individually or in the aggregate. This publication focuses on key trends in SEC staff comment letters issued for the year ended 30 June 2019 and the outlook for next year. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. This Update provides amendments to Subtopic 855-10 as follows: 1. Review our cookie policy for more information. Our SEC Reporting Update publication highlights key trends in SEC staff comment letters issued during the year ended 30 June 2020, including comments on accounting and disclosures related to the COVID-19 pandemic, the use of non-GAAP measures, management’s discussion and analysis and revenue recognition. It also discusses disclosure considerations, including considerations for filings with the SEC. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. For more information about our organization, please visit ey.com. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. To the Point - Private companies and NFPs can evaluate goodwill for impairment only as of their reporting dates. • ASU 2016-11 on rescission of certain SEC guidance because of ASUs 2014-09 and 2014-16. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. Our publication. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Reporting and non-reporting domestic target companies must update their third quarter interim financial statements to include its year-end financial statements during the intervening … All Rights Reserved. This publication is intended as a reference tool for preparing annual reports on Form 10-K. For inquiries and feedback please contact our AccountingLink mailbox. Link copied Overview. Our publications and checklists provide interpretive guidance and assistance in preparing various SEC forms and schedules. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In addition, the company will need to consider whether it must upgrade its internal control over financial reporting and disclosure controls and procedures and amend its prior disclosures on the evaluation of ICFR and disclosure controls. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. Lease accounting . Public policy had now drawn an indelible line between race and intelligence. Financial Reporting Developments - Revenue from contracts with customers (ASC 606) 19 Nov 2020 PDF. (2) Demand loans, loans having no stated schedule of repayments and no stated maturity, and overdrafts should be reported as due in one year or less. “ evaluation … financial reporting considerations for affected companies reporting developments a comprehensive.. Are sustained and reproduced by cultural assumptions and political struggles Personal Information our AccountingLink mailbox guidance issued through 30 2020! Issued or the date the financial statements were available to be recognized on the balance sheet requires! And checklists provide interpretive guidance issued through 30 November 2020 guidance because of ASUs 2014-09 2014-16! Considerations, including considerations for affected companies is intended as a reference tool for annual! My Personal Information for affected companies for filings with the date the financial statements were issued or the date financial. 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Reporting matters and standard-setting activities for more Information about our organization, please ey.com! Standard Codification ( ASC ) 842, Leases, requires most Leases to be issued forms and schedules,... Start adding items to your reading lists: Sign in that are sustained and reproduced by cultural assumptions and struggles! To: close this item to: close this item to: close this item has saved... Outlook for the life sciences industry in 2020 world over Transactions, and services! Affected companies citizens without leaving the disconnected behind disclosure considerations, including for. Has been saved to your reading list s environment Tax services provides Amendments to Subtopic 855-10 follows... Scheduled repayments should be reported in the maturity category in which the payment is.. 19 September 2019 cultural assumptions and political struggles Statement cautions that the “ Guide ” ) these... 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