Shortly, the FASB will be proposing sweeping new rules around the accounting for software development costs. The Wall Street Journal asked Scott Ehrlich, President of Mind the GAAP, to share his perspectives on the FASB recommendations.
The FASB Trustees have asked for feedback on the Private Company Council, or PCC. In this Thompson Reuters article, Scott Ehrlich of Mind the GAAP shares his thoughts on both PCC successes and areas for potential improvement.
In this Thompson Reuters article, Scott Ehrlich, President of Mind the GAAP, shares his views on whether 2024 will bring relief to weary accountants, who have spent the past few years adopting major standards on revenue, leases, and credit losses.
US GAAP currently does not include guidance for recognizing or measuring government grants, a ‘gap in GAAP’ that was magnified during the pandemic. In this article, Bloomberg asks Scott Ehrlich about the benefits and costs of incorporating longstanding IFRS guidance on government grants into the Codification.
The CECL model in ASC 326 was designed to prevent bank failures like Silicon Valley Bank. So what happened? The Thompson Reuters news service interviewed Scott Ehrlich of Mind the GAAP to get his perspectives on the collapse.