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Financial Reporting Update: December 2020 & January 2021

by Chess Consulting | Jan 28, 2021 | Complex Accounting and Risk Management

This 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 an Accounting Standards Update (ASU) to clarify...

The Continuing Evolution of Federal Cybersecurity Requirements – Part 3: DFARS Cyber Requirements and Their Impact on Defense Contractors

by Chess Consulting | Jan 8, 2021 | Government Contract Regulatory Compliance

As detailed in our previous post, the Department of Defense (DoD) is highly concerned about the protection of sensitive information residing on contractor networks. In order to ensure that contractors are employing adequate controls to safeguard information,...

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