by Chess Consulting | Aug 31, 2020 | Complex Accounting and Risk Management
Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. Financial Accounting Standards Board The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-06,... by Chess Consulting | Aug 30, 2020 | Government Contract Regulatory Compliance
On August 18, 2020, the Department of Defense issued Revision 1 Class Deviation 2020-O0013, an update to Class Deviation 2020-O0013, as well Class Deviation 2020-O0021. Class Deviation 2020-O0013 added a new cost principle, DFARS 231.205-79, “CARES Act Section 3610 –...