by Chess Consulting | Jan 20, 2025 | 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 26, 2024, the Financial Accounting Standards Board (FASB) published an Accounting...
by Chess Consulting | Dec 9, 2024 | Complex Accounting and Risk Management
On November 4th, 2024, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU), No. 2024-03 titled Disaggregation of Income Statement Expenses, which improves financial reporting by requiring public companies to disclose...
by Chess Consulting | Nov 14, 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 September 25th, 2024, the Financial Accounting Standards Board (FASB) published a proposed...
by Chess Consulting | Oct 24, 2024 | Disputes and Investigations
On May 4, 2024, the Armed Services Board of Contract Appeals (“ASBCA”) awarded nearly $4.9 million in damages plus Contract Disputes Act interest to Konecranes Nuclear Equipment Services, LLC (“Konecranes”) due to a breach of contract by the Navy. The breach of...
by Chess Consulting | Sep 26, 2024 | Government Contract Regulatory Compliance
In March 2024 the Defense Contract Audit Agency (DCAA) released its Report to Congress. The report covers the Agency’s audit activities in FY 2023 and plans for FY 2024. The areas addressed in the report include Forward Pricing, Incurred Cost, Claims and Terminations,...
