Summary Earlier today, the FASB voted in favor of a one-year deferral of the effective date of: ASC 842, Leases, for all private companies, and ASC 606, Revenue from Contracts with Customers, for privately-held franchisors. Additionally, the FASB staff provided guidance regarding several technical inquiries it has received related to the impact of COVID-19. Background At its […]
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Five Key HITRUST Developments To Monitor In 2020
Cybersecurity incidents continue to place immense pressure on healthcare organizations globally, jeopardizing not just patient data and the reputations of leading healthcare companies, but more importantly, patient safety. In each of the past two years, three-quarters of healthcare organizations experienced a significant security incident, according to the 2019 HIMSS Cybersecurity Survey. Organizations certified under HITRUST […]
Read moreProviding Economic Aid: Federal Reserve Announces Main Street Business Lending Program
On April 9, the Federal Reserve announced additional actions it will take to provide up to $2.3 trillion in loans to support the U.S. economy. The Federal Reserve believes this funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. Also […]
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