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.

Presentation of restricted cash in the statement of cash flows
ASU 2016-18 addresses the classification and presentation of changes in restricted cash in the statement of cash flows.
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FASB agrees to simplify the goodwill impairment model
The FASB recently agreed to draft a final Accounting Standards Update that will simplify the goodwill impairment model.
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Stock compensation: Proposed scope of modification accounting
A recent proposal addresses the guidance in Topic 718 for a change to the terms or conditions of a share-based payment award.
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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.