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Leaders share what’s new at the SEC, FASB, and PCAOB
The accounting and finance profession has been deeply impacted by geopolitical strife — supply-chain disruptions, sanctions, foreign currency considerations, and additional factors — and they all have effects on financial reporting.
Because of these factors updates have been released from the U.S. Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB) and the Public Company Accounting Oversight Board (PCAOB). Topics discussed include digital assets, government assistance disclosures, auditing considerations related to Ukraine, cybersecurity incident reporting, and much more.
This is a rebroadcast that originally aired on April 7, 2022.
Identify and Recall developments from the FASB, SEC, and PCAOB.
* Transitioning business practices under the New federal administration
* Stopgap, Sustainability, interpretive, and disruptive guidance for reporting
* Demands for enhanced transparency and accelerated Change in the reporting Environment
* operational adjustments that impact internal control over financial reporting
* Heightened cyber risk, fraud risk, quality control risks and other environmental uncertainties
* CPAs
-* CGMAs based in the U.S.
-* accounting and finance professionals
-* Auditors
Some knowledge of SEC and FASB developments
None
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