FEI’s Committee on Corporate Reporting (CCR) has released two ICFR: Insights, Issues, and Practices documents that address internal control considerations for preparers’ adoption of the new leases standard and the new current expected credit loss (CECL) standard, respectively. The objective of these documents is to improve practice for other preparers. The documents include considerations, insights and best practices to help companies execute successful implementation and maintenance of effective internal control over financial reporting for these new standards. These documents reflect the generous time and effort of CCR’s ICFR Working Group, as well as other reviewers, including companies and audit firms.
Provide your contact info below and we’ll send you our two complimentary ICFR documents:
- Accounting Standards Codification (ASC) 842, Leases
- Current Expected Credit Loss (CECL) Standard