Explore PwC’s latest thinking on what is changing for financial instruments: Credit losses, Fair value accounting and disclosures, Hedging simplifications and changes, FASB’s liabilities and equity proposal, and LIBOR reform.
Read more31 October 2020
Reference rate reform
We have created a guide to help you navigate the guidance on creating an audit approach for revenue leveraging robust risk assessment, data & technologies.
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We have created a guide to help you navigate the guidance on creating an audit approach for revenue leveraging robust risk assessment, data & technologies.
Click here »
US Reference rate reform guide
01 April 2020 | Updated 16 July 2020
CARES Act: Accounting for the stimulus
Accounting for CARES Act program, including loans and tax changes, among other types of relief. Updated to address how a borrower should account for a loan through the PPP.
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US In depth 2020-03
18 March 2020 | Updated 12 May 2020
FAQ on accounting for COVID-19 and market volatility
Our In depth addresses FAQs on a range of COVID-19 accounting impacts. This week we added a new question to the section on accounting for rent concessions.
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US In depth 2020-02
12 November 2019
Implementing the CECL standard: 5 things you need to know
As companies prepare for adoption of the CECL standard, we discuss 5 things you need to know about the ongoing implementation efforts and lessons learned.
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US Podcast
16 April 2019
The US macroeconomic outlook: 5 things you need to know
What are the major influences and risks affecting US economic growth? Hear 5 things you should know.
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US Podcast
LIBOR, reference rate reform for US companies
Regulators and industry bodies have proposed and agreed on new interest rate benchmarks to replace LIBOR rates that are anticipated to no longer be published or supported past the end of 2021.
Credit loss implementation issues identified by FinRec
Credit loss implementation issues identified by the Depository Institutions and Insurance Expert Panel members, when available, will be posted here. Full credit loss implementation issues will be posted below for informal comments after review by the AICPA Financial Reporting Executive Committee (FinREC).
AICPA Practice Aid: Allowance for credit losses — audit considerations
This practice aid has been developed to help auditors in their communications with both management and audit committees as they address FASB Accounting Standards Update (ASU) No. 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.
