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FRV podcast: Understanding new ASC 832, govt assistance

12.17.2021 | Duration: 11:18

We discuss ASU 2021-10, requiring new annual disclosures for entities receiving government assistance.


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Podcast overview

KPMG professionals discuss the FASB’s new ASC 832 and ASU 2021-10, which require business entities to disclose information about certain government assistance they receive.


  • All business entities, except not-for-profit entities and employee benefit plans.
FASB approves new disclosures for government assistance
KPMG reports on ASU 2021-10, requiring new annual disclosures for entities receiving government assistance.

Podcast contents

  • 00:45 - Background to ASU 2021-10
  • 02:05 - Summary of requirements
  • 06:15 - Transactions exempt from ASC 832
  • 06:55 - Transition guidance
  • 07:55 - Possible future FASB plans
  • 08:40 - Focus areas for entities 

Meet our team

Image of Karen Silverman
Karen Silverman
Partner, Audit, KPMG LLP
Image of Kathy Nguyen
Kathy Nguyen
Senior Manager, Dept. of Professional Practice, KPMG US

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