Governance Resource Center
Navigate governance issues and blaze new trails for the future
Governance Resource Center
Joe Donnelly
CPA
Partner
Blaine Jasper
Director
David A. Johnson
CPA
Partner
Jeff Krull
CPA, CISA
Partner
Jonathan T. Marks
CPA/CFF, CITP, CGMA, CFE
Partner
Mallory Thomas
CPA, MBA, CIA, CITP, CISA
Partner
Cassandra Walsh
CPA
Partner
Senior leaders, board members and audit committees seek governance perspectives and market intelligence that can help them navigate the unknown and blaze new trails.
To create better outcomes and value, the Baker Tilly Governance Resource Center offers powerful insights on critical and emerging issues that can help guide your decision-making, enhance effective governance, anticipate disruption and advance organizational goals.
The Governance Resource Center includes:
- thought leadership on trending board topics and the issues that drive governance and oversight responsibilities of boards and audit committees, including economic, industry, regulatory and operational perspectives
- timely monitoring and analysis of market drivers through an integrated data dashboard
- access to educational industry and market-specific Value Architects™
Explore thought leadership by board committee
Recent committee resources
Nominating and governance committee
Accounting and audit insights
Coming FASB proposal on disclosures for annual and quarterly expenses will be costly to apply
The FASB on March 29, 2023, unanimously voted to issue a proposal that will add new disclosure requirements for reporting income statement expenses, despite feedback suggesting it will impose substantial costs on companies. The proposal could be issued in July; companies will get 90 days to comment.
FASB votes to develop a single accounting model for reporting software costs
The FASB on April 5, 2023, tentatively agreed to develop a single accounting model for reporting all software costs, despite early objections from software companies who said it would be a costly departure from what they do now. A single model would provide a better reflection of the economics underlying today’s agile technological environment as current rules are outdated and thus complex, board members said.
FASB votes to issue new accounting rules for joint venture formations
A new accounting standard will be issued this year on how to recognize and measure contributions made to a joint venture upon formation, all seven members of the FASB agreed on April 5, 2023. The standard was developed to provide guidance in U.S. GAAP where there was none. The rules will take effect in about two years.
Adopting lease accounting rules, other topics discussed at FASB's private company advisory meeting
The FASB’s Private Company Council (PCC) met on April 25, 2023, to discuss various topics, including the implementation of lease accounting rules for private companies – the nation’s largest business demographic. Other topics included income statement expenses, joint venture formations and accounting for and disclosure of crypto assets.