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 McGladrey 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.

FASB revises new revenue guidance on licenses and performance obligations
ASU 2016-10 makes changes to the FASB’s guidance on licenses and performance obligations that was originally included in ASU 2014-09.

FASB delays effective date of pending ASU on credit losses by one year
Recently, the FASB decided to delay the effective date of its forthcoming ASU on the impairment of financial instruments.

FASB proposes technical corrections to Codification
The FASB has issued a proposed ASU to clarify, correct unintended application of and make minor improvements to the Accounting Standards Codification.

Source: RSM US LLP
Used with permission as a member of the McGladrey Alliance

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.