by Chess Consulting | Apr 10, 2026 | 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 16, 2026, the Private Company Council (PCC) issued their 2025 Annual Report,...
by Chess Consulting | Feb 3, 2026 | Government Contract Regulatory Compliance
On April 9, 2025, the Navy outlined aggressive goals to boost shipbuilding capacity—one Columbia-class and two Virginia-class submarines annually, along with advancing Ford-class carriers and Flight III destroyers. Meeting these targets requires expanding supply...
by Chess Consulting | Jan 26, 2026 | 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 November 12, 2025, the Financial Accounting Standards Board (FASB) published ASU No....
by Chess Consulting | Jan 23, 2026 | Government Contract Regulatory Compliance
On January 7, 2026, the Executive Order (EO) titled “Prioritizing the Warfighter in Defense Contracting” was issued, setting forth several policy priorities relevant to major defense contractors. The EO identifies four areas of focus (see Section 3(a) of EO) that may...
by Chess Consulting | Dec 16, 2025 | Government Contract Regulatory Compliance
December 5, 2025 marked a major shift for small business contractors as the U.S. Small Business Administration (SBA) issued letters to every firm in the 8(a) Business Development Program requiring submission of financial records within 30 days. By January 5, 2026, all...
