Brad delves into an older – but still very important – topic: disclosure of risks. He provides reminders about AICPA and FASB guidelines and real-world examples of commonly missed and misunderstood risks.
HIGHLIGHTS
- AICPA SOP 94-6 – Disclosure of Certain Significant Risks and Uncertainties
- FASB ASC 275 – Risks and Uncertainties
- Certain significant estimates
- Current vulnerability due to certain concentrations
PREREQUISITES
None
ADVANCE PREPARATION
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