by Jon Hunt | Jan 21, 2026 | News & Insights, Thought Leadership
ASU 2025-06 updates ASC 350-40 to better fit modern internal-use software development (agile, SaaS, iterative builds) and reduces diversity in practice on when to capitalize vs expense software costs. It eliminates the old “project stage” model, introduces a clearer...
by Jon Hunt | Dec 15, 2025 | News & Insights, Thought Leadership, Uncategorized
This checklist outlines key activities finance leadership teams should consider before calendar year-end to position the organization for an efficient and “no surprises” external audit. 1. Align on Audit Scope, Risks, and Timeline Hold a formal pre–year-end planning...
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 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)...
by admin.virtas | Dec 5, 2023 | News & Insights, Thought Leadership
Carving out a business or assets from the parent company is an extremely complex process that requires multiple business stakeholders to define the deal perimeter (ring-fence) and execute the divestiture. The stakeholders typically include C-Suite leaders, Corporate...
