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ABOUT THE AUTHOR

Laiza Ellaine Gomez

Laiza Ellaine Gomez
Laiza is a Supervisor of the Technical Accounting Group of Scrubbed. She assists companies in preparing technical memoranda, adopting new standards, US GAAP financial statements (i.e., 10-Q and 10-K SEC reports), and provides technical accounting consultation. Before joining Scrubbed, she had four years of professional experience with Sycip Gorres Velayo & Co. (SGV & Co.) and two years of professional experience with Deloitte Philippines, handling audit remediation, treasury management, auditing, financial accounting, and implementation of new accounting standards.

Content

Time to Say Goodbye to TDRs

The FASB has implemented changes to enhance transparency in financial reporting for Troubled Debt Restructurings (TDRs). These changes provide clearer financial information, improve transparency in statements, and contribute to greater accountability in the industry.