News & Insights
Change in Accounting for Share-Based Payment Awards to Customers
The Financial Accounting Standards Board issued ASU 2025-04, Clarification to Share-Based Consideration Payable to a Customer (ASU 2025-04) to clarify how to account for share-based awards (e.g.,...
SOCF and Disclosure: Increased Scrutiny of the Statement of Cash Flows
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...
SEC Comment Letter Trends – Public and Private
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...
Enhanced Disclosure for the Effective Tax Rate Reconciliation and Income Taxes Paid
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...
Increased Auditor Scrutiny of Financial Statement Disclosures
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...
Virtas Partners and Performance Improvement Partners Form Strategic Alliance for Full Lifecycle Support in Middle-Market Private Equity
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...
Goodwill & Intangibles: Amortization, Impairment, and Audit Hot Spots
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...
Tony Saucedo Joins Virtas Partners as Managing Director
Los Angeles, CA – May 7, 2025 – Virtas Partners is pleased to announce the appointment of Tony Saucedo as Managing Director. Tony brings a wealth of experience in private equity and financial...
Ara Kebabjian Joins Virtas as Managing Director
New York, NY, January 21, 2025: Virtas Partners, a boutique Office of the CFO and M&A Enablement partner, is pleased to announce that Ara Kebabjian has joined the team as a Managing Director. ...
Matt Tripodi Joins Virtas as Private Equity Market Leader
Washington D.C., January 6, 2025: Virts Partners, a boutique Office of the CFO and M&A Enablement partner, is pleased to announce that Matt Tripodi has joined the team as our Private Equity...