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Financial Services

2014 U.S. GAAP & SEC Review Developments

As the year winds to a close, it is important to remember the recently issued rules and regulations from the Financial Accounting Standards Board (“FASB”) and the Securities and Exchange Commission (“SEC”) that could affect your company’s year-end financial reporting. Keeping these rules and regulations in focus not only ensures they are considered in your year-end reporting, but also allows for consideration of alternative adoption methods often provided for in the issuances. This issue of A Closer Look, published by Accounting Research Manager®, a Wolters Kluwer, CCH premier research solution, summarizes these rules and regulations, as well as the SEC documents that provide implementation guidance. It is important to remember that there may be rules and regulations issued prior to the below items that may affect your year-end reporting.

If you have any questions regarding the U.S. GAAP and SEC Update, please do not hesitate to contact Todd Batchelor at 919.825.4264 or any other member of the Cherry Bekaert LLP Financial Services Group.