96: A&A Update with Brad Muniz – 12/14/21

This episode covers CECL, accounting and auditing issues related to digital assets, cybersecurity disclosures, DOL’s upcoming review of employee benefit plan audits, COP26 results, accounting for income taxes and more.

*** NOTE: To earn nano CPE credit for this episode, visit https://njcpa.org/nano. ***

Related links:

• FASB reconsiders accounting for troubled debt restructuring by creditors
• Federal Accounting Standards Advisory Board (FASAB) Interpretation 11, Debt Cancellation: An Interpretation of SFFAS 7, Paragraph 313
• AICPA Practice Aid: Accounting for and Auditing of Digital Assets
• Breaking down COP26 announcements and their implications
• FASB ASU 2019-12, Income Taxes
• Naked credits and the interest expense limitation