Auditing and Accounting Update

FASB project on government grants
November 2023
The FASB discusses a model for business entities to account for government grants.
FASB project on government grants

SEC adopts rule – Pay vs performance disclosures
November 10, 2023
SEC final rule targets disclosure of the relationship between executive compensation and company performance.
SEC adopts rule - Pay vs performance disclosures

SEC adopts amendments to share repurchase disclosure rules
November 2023
The rules expand quarterly, semi-annual and annual filing disclosures, depending on filer type.
SEC adopts amendments to share repurchase disclosure rules

FASB issues final ASU on disclosure changes
October 2023
ASU 2023-06 updates US GAAP disclosures in response to the SEC’s disclosure update and simplification initiative.
FASB issues final ASU on disclosure changes

ESG in the US – California introduces climate disclosures and assurance
October 2023
The ESG reporting landscape expands with the addition of broad reaching state-level climate disclosure rules.
California introduces climate disclosures and assurance

FASB project on environmental credit programs
October 2023
The FASB continues to discuss the accounting for compliance and other environmental credits.
FASB project on environmental credit programs

EITF consensus – induced conversions of convertible debt
October 6, 2023
EITF reaches consensus-for-exposure on induced conversion accounting for convertible debt instruments.
EITF consensus – induced conversions of convertible debt

SEC amends the fund ‘Names Rule’
September 2023
Amendment seeks to enhance transparency and provide better investor clarity into a fund’s strategy.
SEC amends the fund ‘Names Rule’

FASB continues future software cost accounting debate
September 2023
FASB made tentative decisions on software cost recognition and next steps for its project staff.
FASB continues future software cost accounting debate

Insurance: NAIC 2023 Summer meeting
September 2023
Report on actions and discussions about ongoing projects on conference calls and at the NAIC 2023 Summer meeting.
Insurance: NAIC 2023 Summer meeting

FASB to issue final crypto asset accounting ASU
September 2023
The final ASU will codify fair value accounting and new disclosures for crypto assets like bitcoin and ether.
FASB to issue final crypto asset accounting ASU

FASB issues ASU for joint venture formations
August 24, 2023
The ASU 2023-05 requires a joint venture formation transaction to be measured at fair value.
FASB issues ASU for joint venture formations

YOU CAN ALSO...

• Read this article in Japanese (日本語でこの記事を読む)
• Go to Issue 4, 2023 Top
• Go to JP Executive Insight Top
• Go to KPMG U.S. Japanese Practice Page