by Chess Consulting | May 22, 2023 | Complex Accounting and Risk Management
With the new ASC 842 Lease standard now required for all entities, certain issues have emerged related to the identification and treatment of embedded leases. During the ASC 606 implementation, entities were required to assess their customer and supplier contracts for... by Chess Consulting | May 2, 2023 | Complex Accounting and Risk Management
This Financial Reporting Update highlights key developments and issues that are relevant to Finance and Accounting Professionals. Financial Accounting Standards Board On April 13th, the Financial Accounting Standards Board (FASB) announced the appointment of... by Chess Consulting | Apr 18, 2023 | Complex Accounting and Risk Management
This Financial Reporting Update highlights key developments and issues that are relevant to Finance and Accounting Professionals. Securities and Exchange Commission On March 15th, the Securities and Exchange Commission (SEC) proposed amendments to update Regulation... by Chess Consulting | Apr 7, 2023 | Government Contract Regulatory Compliance, Cybersecurity
When preparing for the evaluation of an organization’s cybersecurity capabilities against a regulatory framework, the amount of supporting documentation to be considered can seem overwhelming. To assist in getting one’s arms around the scope of activities involved in... by Chess Consulting | Mar 24, 2023 | Government Contract Regulatory Compliance
The Department of Defense (“DoD”) issued its final rule on January 31, 2023, made effective on the same date, implementing section 824 of the National Defense Authorization Act (“NDAA”) for fiscal year 2017. Significant to the new rule is the added requirement for...