Search Result
26 Jul 2021
Fast, simple, and inexpensive have become our expectations as consumers. Technology has enabled this rapid shift in how we live and work. But have we advanced to one-click auditing? As quickly as you can order a book on Amazon, can […]
10 Nov 2020
One More Year to Prepare for Long-Duration Contracts ASU
The FASB voted to delay the implementation of ASU No. 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI), by one year. For SEC filers, LDTI is effective for fiscal years beginning after December 15, […]
04 Sep 2024
NYDFS's Second Amendment to 23 NYCRR Part 500 is Reshaping Cybersecurity Standards
On November 1, 2023, the New York Department of Financial Services (NYDFS) finalized the second amendment to its cybersecurity regulation, 23 NYCRR Part 500 (the Second Amendment), marking a significant shift in the regulatory landscape. As we approach the one-year […]
01 Feb 2023
Now is the Time to Update Process & Control Documentation
Has your organization’s human capital pipeline and structure been shifted recently due to the pandemic or new capabilities in remote working? You are not alone. The pace of human capital turnover and change continues to accelerate across many industries, including insurance, […]
24 Feb 2020
Not-for-Profit Gifts In Kind Proposed ASU
On February 10, 2020 the Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standard Update (PASU), Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets. Objective: Provide information about the valuation and presentation of […]
06 Mar 2018
Not-for-Profit Financial Reporting Guidelines
Johnson Lambert is dedicated to keeping you updated on the impact the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities will have on your financial statements. This white paper presents the […]
14 Apr 2020
Nonprofit Tax News: IRS Offers Additional Extensions Due to Coronavirus, Including Form 990
Published on April 14, 2020 The Treasury Department issued Notice 2020-23, which grants additional relief from tax return and payment obligations, on April 9, 2020. This additional relief augments the earlier extension of most filing and payment obligations due by […]