Welcome to the February 2017 edition of Accounting Roundup. Highlights of this issue include the following:
- The FASB’s issuance of ASUs on (1) employee benefit plan master trust reporting and (2) derecognition and partial sales of nonfinancial assets.
- The AICPA’s release of a SAS that amends the guidance on the auditor’s consideration of an entity’s ability to continue as a going concern.
- President Trump’s signing of a resolution eliminating the requirements under the SEC’s final rule on disclosures of payments by resource extraction issuers.