Deloitte
Accounting Research Tool

Home

Welcome to the Deloitte Accounting Research Tool

The Deloitte Accounting Research Tool (DART) is a comprehensive web-based library of accounting and financial disclosure literature.

***COVID-19 Resources***Roadmaps US GAAP SEC Key Dates Recent Deloitte Publications

Heads Up — FASB Simplifies Issuer’s Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity (August 5, 2020)

A Roadmap to Accounting for Noncontrolling Interests (July 2020)

Heads Up — Are Your CECL Disclosures in Good Standing? Observations on First-Quarter Filings (July 22, 2020)

A Roadmap to Consolidation — Identifying a Controlling Financial Interest (July 2020)

A Roadmap to Foreign Currency Transactions and Translations (July 2020)

Highlights of the CARES Act (April 9, 2020; Last Updated July 8, 2020)

Frequently Asked Questions About Troubled Debt Restructurings Under the CARES Act and Interagency Statement (April 15, 2020; Last Updated July 8, 2020)

Financial Reporting Alert 20-2, Financial Reporting Considerations Related to COVID-19 and an Economic Downturn (March 25, 2020; Last Updated July 1, 2020)

Find the IFRS Content

August 11, 2020

FASB Launches Postimplementation Review Web Portal

The FASB has announced the launch of its postimplementation review (PIR) web portal, which “links visitors to current projects and provides an overview of the actions taken to date as well as the plan for future activities.”

Accounting Standards Update No. 2020-06

The objective of the amendments in this Update is to address issues identified as a result of the complexity associated with applying generally accept...

PCAOB Issues Publication on COVID-19 and the Audit

The PCAOB has issued a publication, Conversations With Audit Committee Chairs: COVID-19 and the Audit.

SEC Announces Temporary Secure File Transfer for Certain Materials

The SEC’s Division of Corporation Finance has announced that, because of COVID-19 concerns, it will provide “temporary secure file transfer process for the submission of supplemental materials pursuant to Securities Act Rule 418 and Exchange Act Rule 12b-4 and information subject to Rule 83 confidential treatment requests.”

SEC Appoints Chief Accountant in Division of Corporation Finance

The SEC has announced the appointment of Lindsay McCord as the chief accountant in the Division of Corporation Finance (the “Division”).

CFO Insights — Reinventing FP&A for the Pandemic and Beyond (August 2020)

This issue addresses the very real possibility that the fallout from the pandemic may create even greater expectations of FP&A and both alter and expand its responsibilities.

Heads Up — FASB Simplifies Issuer’s Accounting for Convertible Instruments and Contracts on an Entity’s Own Equity (August 5, 2020)

This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity." The ASU simplifies the accounting for certain financial instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity.

SEC Proposes Improvements to Disclosure Framework for Mutual Funds and Exchange-Traded Funds

The SEC has issued a proposed rule, "Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements."

Go to Recent Updates

SEC Announces Temporary Secure File Transfer for Certain Materials

The SEC’s Division of Corporation Finance has announced that, because of COVID-19 concerns, it will provide “temporary secure file transfer process for the submission of supplemental materials pursuant to Securities Act Rule 418 and Exchange Act Rule 12b-4 and information subject to Rule 83 confidential treatment requests.”

SEC Appoints Chief Accountant in Division of Corporation Finance

The SEC has announced the appointment of Lindsay McCord as the chief accountant in the Division of Corporation Finance (the “Division”).

SEC Proposes Improvements to Disclosure Framework for Mutual Funds and Exchange-Traded Funds

The SEC has issued a proposed rule, "Tailored Shareholder Reports, Treatment of Annual Prospectus Updates for Existing Investors, and Improved Fee and Risk Disclosure for Mutual Funds and Exchange-Traded Funds; Fee Information in Investment Company Advertisements."

FASB Issues Guidance on Convertible Instruments and Contracts in an Entity’s Own Equity

The FASB has issued an ASU, "Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity," which “simplifies accounting for convertible instruments by removing major separation models required under current Generally Accepted Accounting Principles (GAAP).”

FASB Holds July 29 Meeting

At its July 29, 2020, meeting, the FASB discussed potential projects to add to its technical agenda as well as the upcoming plans for its postimplementation (PIR) reviews of the leasing, credit losses, and revenue standards.

SEC Creates Event and Emerging Risks Examination Team

The SEC has created the Event and Emerging Risks Examination Team (EERT) in the Office of Compliance Inspections and Examinations.

AICPA Issues Working Draft for Insurance Entities

The AICPA’s Financial Reporting Executive Committee has released for public comment a working draft that addresses the following issue associated with insurance entities’ implementation of FASB Accounting Standards Update No. 2018-12, "Targeted Improvements to the Accounting for Long-Duration Contracts."

Federal Agencies Issue Guidance on the Liquidation of Covered Broker-Dealers

The SEC and FDIC have jointly issued a final rule, Covered Broker-Dealer Provisions Under Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The final rule clarifies and implements “provisions relating to the orderly liquidation of certain brokers or dealers (covered broker-dealers) in the event the FDIC is appointed receiver under Title II of the Dodd-Frank Act.”