At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest financial reporting insights. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.

Premium amortization on purchased callable debt securities
A recent ASU requires the premium on certain callable debt securities to be amortized to the earliest call date.
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Changes to revenue recognition impacting insurance entities
Our whitepaper discusses changes to revenue recognition impacting third-party administrators, agents and brokers in the insurance sector.
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Auditor’s consideration of ability to continue as a going concern
A new standard provides some revised guidance on the auditor’s consideration of an entity’s ability to continue as a going concern.
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Proposed revisions to Government Auditing Standards
The United States Government Accountability Office is seeking comment on its 2017 Exposure Draft of Government Auditing Standards.
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SEC makes inflation adjustments to certain JOBS Act rules
The SEC recently made inflation adjustments to certain Jumpstart Our Business Startups Act rules, and other technical amendments.
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Proposed improvements to IFRS 8
If finalized, recent proposed amendments would make revisions to International Financial Reporting Standard 8, Operating Segments.
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Audit and Accounting Updates for Business Owners and Financial Professionals

Source: RSM US LLP
Used with permission as a member of the RSM US Alliance
http://rsmus.com/our-insights/newsletters/financial-reporting-insights.html

As always, we hope you enjoy this edition of our newsletter and we look forward to receiving your feedback. Should you have any questions regarding the information contained in the attached materials or our service offerings, please contact us directly.