by Chess Consulting | Apr 12, 2024 | 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 March 21st, 2024, The Financial Accounting Standards Board (FASB) released an Accounting... by Chess Consulting | Mar 27, 2024 | 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 The FASB met on January 31, 2024, to discuss the status of two accounting standards projects... by Chess Consulting | Feb 27, 2024 | Disputes and Investigations
Since its enactment in 1975, Rule 702 of the Federal Rules of Evidence has sought to redirect standards for the admission of expert testimony from a focus on “general acceptance in the profession” to one that places a greater emphasis on whether it is “scientifically... by Chess Consulting | Feb 6, 2024 | Complex Accounting and Risk Management
The FASB post implementation review (“PIR”) of ASC 606 is a process that evaluates the effectiveness of the revenue recognition standard that was issued in 2014 and became effective for most entities between 2018 and 2020. The PIR aims to assess whether the... by Chess Consulting | Jan 29, 2024 | Government Contract Regulatory Compliance
Focused due diligence and a carefully negotiated agreement can help mitigate risks for government contractors engaged in a merger or acquisition. The U.S. government contracting market has continued to see significant M&A activity from both private equity and...