Insights
Click Here to Access Our COVID-19 Resource Center

Articles


In anticipation of Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) becoming effective, now is a good time to discuss the potential impact of this new guidance from the Financial Accounting Standards Board (FASB) on accounting for operating leases for broker-dealers.

President Trump signed the Tax Cuts and Jobs Act of 2017 into law on December 22, 2017. A collective sigh of relief could be heard across the investment management community as the worst fear of investment managers apparently had not materialized: the carried interest had survived.