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ACCOUNTING AND SEC HEADLINES:

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Measuring Paid-in-Kind Dividends – New Edition of GAAP Update Service Published

We have published a new edition of the GAAP Update Service, Measuring Paid-in-Kind Dividends on Preferred Stock. This new edition discusses FASB Accounting Standards Update (ASU) No. 2026-01, Equity (Topic 505) – Initial Measurement of Paid-in-Kind Dividends on Equity-Classified Preferred Stock. ASU 2026-01 addresses a narrow question of how to measure dividends on preferred stock that are paid-in-kind (dividends on preferred stock that are paid using shares of preferred stock).

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AUDITING AND INTERNAL CONTROL HEADLINES:

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Emphasis-of-Matter – New Edition of GAAS Update Service Published

We have published a new edition of the GAAS Update Service, A Refresher on the Inclusion of Emphasis-of-Matter and Other-Matter Paragraphs in the Auditor’s Report: AU-C Section 706, “Emphasis-of-Matter Paragraphs and Other-Matter Paragraphs in the Independent Auditor’s Report.“ This new edition discusses AU-C Section 706, which addresses circumstances when the auditor considers it necessary, or is required by generally accepted auditing standards (GAAS) in certain circumstances, to include additional communications in the auditor’s report to draw users’ attention to certain specified matters.

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GOVERNMENT HEADLINES:

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GASB Technical Plan – New Edition of Governmental GAAP Update Service Published

We have published a new edition of the Governmental Update Service, The GASB’s Update to Its Technical Plan Has Some Changes. This new edition discusses the GASB’s recently released Technical Plan for the Second Third of 2026, which contains a continued change in the comprehensive project on Revenue and Expense Recognition.

ACCOUNTING RESEARCH MANAGER CUSTOMER SERVICE:

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