by Jon Hunt | Oct 21, 2025 | News & Insights
What is happening Auditors are elevating procedures over the statement of cash flows (SoCF) and related disclosures, with heightened attention on classification judgments, completeness of noncash investing/financing (NCI&F) disclosures, restricted cash...
by Jon Hunt | Oct 13, 2025 | News & Insights, Uncategorized
The following outlines each of the SEC’s current comment letter focus areas, with a brief explanation of why they matter in today’s environment. These summaries highlight both the long-standing topics that remain consistent year after year and the emerging issues...
by Jon Hunt | Sep 26, 2025 | News & Insights
Accounting Standards Update (ASU) 2023-09, Improvements to Income Tax Disclosures (ASU 2023-09) creates additional disclosure requirements to address stakeholder requests for more information regarding income tax considerations in an entity’s worldwide operations. ...
by Jon Hunt | Sep 15, 2025 | News & Insights, Thought Leadership
Key Highlights for Finance Function Auditors and regulators are raising the bar on disclosure quality. From MD&A cause-and-effect analysis to non-GAAP prominence, new FASB requirements income taxes, disclosure hot spots are squarely in the spotlight. PCAOB...
by admin.virtas | Aug 25, 2025 | Alliances, News & Insights
Chicago, Illinois — August 25, 2025 — Virtas Partners, an established advisory firm specializing in Office of the CFO solutions and Performance Improvement Partners (PIP), a leading M&A and IT advisor to middle-market private equity firms, today announced a...
by admin.virtas | Aug 15, 2025 | News & Insights, Thought Leadership, Uncategorized
What’s Happening: The debate around goodwill and intangible asset accounting continues to heat up. The FASB has received sustained feedback on whether goodwill should return to an amortization model (as required under IFRS and private company alternatives)...
