Updated Guidance for Impairment Testing: When to Consider Triggering Events

On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment test under U.S. Generally Accepted Accounting Principles (GAAP). This simplified alternative may provide relief to private companies and not-for-profit entities that have been adversely affected by the COVID-19 pandemic. Here’s what you should know.

Anti-Money Laundering/Counter-Terrorism Financing Compliance

An Anti-Money Laundering (“AML”) compliance program combines every activity a firm performs to meet the constantly evolving AML compliance obligations: built-in internal operations, user-processing policies, accounts monitoring and detection, and reporting of money laundering incidents. DLA provides a wide variety of consultative services designed to assist an organization in all aspects of AML/Countering the Financing of Terrorism (“CFT”) compliance.

Making Sense of Your Statement of Cash Flows

The statement of cash flows essentially tells you about cash entering and leaving a business. It’s arguably the most misunderstood and underappreciated part of a company’s annual report. After all, a business that reports positive net income on its income statements sometimes doesn’t have enough cash in the bank to pay its bills. Reviewing the statement of cash flows can provide significant insight into a company’s financial health and long-term viability.

DLA’s Completed Transactions

DLA prioritizes customer service and experience in every engagement. Our Forensic Accounting, Business Valuation, and Litigation Support experts have strong knowledge and credentials, including: Certified Public Accounts (CPA), Accredited in Business Valuation (ABV) from the American Institute of Certified Public Accountants (AICPA) Certified Valuation Analyst (CVA) from the National Association of Certified Valuators and Analysts…