• Arts
  • Language Services
  • Furniture
  • Educational Services
  • Private Equity
  • Event Management
  • Nonprofit / Foundation
  • Manufacturing
  • Information Technology
  • Human Resources
  • Hotels and Restaurants
  • Health Care & Pharmaceuticals
  • Media - Broadcast and Publishing
  • Engineering / Construction
  • Food Products, Beverages and Tobacco
  • Petroleum Industry
  • Wholesale and Retail Trade
  • Travel and Leisure
  • Transporting, Moving and Warehousing
  • Telecommunications
  • Security Services
  • Real Estate
  • Marketing and Public Relations
  • Energy
  • Finance
  • Consumer Goods
  • Law Companies
  • Consultancy
  • Architecture
  • Airlines

News

MAZARS US Desk Newsletter - a roundup of accounting, auditing, and regulatory matters

24.07.2023
Company: Forvis Mazars s.r.o.

GUIDE TO THE US DESK NEWSLETTER
The US Desk Newsletter is a high-level summary of key developments from the standard setters, regulators, and compliance agencies that have recently affected the accounting profession. The Newsletter is best read in electronic format due to the embedded hyperlinks to supporting information.

 

EXECUTIVE SUMMARY
This edition of our US Desk Newsletter addresses relevant activities from February 1, 2023, to June 30, 2023. It covers accounting and auditing updates from the regulators. Most noteworthy:

FASB
The Financial Accounting Standards Board (FASB) issued account standards updates (ASU) relating to
Topic 323—Investments—Equity Method and Joint Ventures and Topic 842—Leases. In addition, the FASB proposed guidance related to (1) Topic 326—Financial Instruments-Credit Loses, (2) Topic 718—Compensation-Stock Compensation, (3) Subtopic 350-60—Intangibles-Goodwill and Other-Crypto Assets, and (4) Topic 740—Income Taxes.

SEC
The SEC adopted final rules related to (1) the adoption of its updated EDGAR filers manual, (2) technical amendments to commission rules and forms, (3) the removal of references to credit ratings form Regulation M, and (4) Share repurchase disclosures. The Commission is also seeking comments on its proposal on (1) position reporting of large securities-based swap positions, and (2) Beneficial ownership reporting.

AICPA
The AICPA issued final guidance related to (1) Audits of Group Financial statements, (2) Compliance audits, (3) Inquiries of the predecessor auditor regarding fraud and noncompliance with laws and regulations, and (4) Various quality system guidance.

PCAOB
The PCAOB issued a final rule related to Rule 6100, Board Determination. It is seeking comments on its standards related to (1) aspects of designing and performing audit procedures that involve technology-assisted analysis of information in electronic form, (2) company noncompliance with regulations and laws, and (3) general responsibilities of the auditor in conducting.


We welcome your feedback on our newsletters.
Please send questions or comments to USDesk@mazars.fr
Thank you.

Tags: Finance |

AmCham Corporate Patrons

x
x

Delete

Are you sure? Do you really want to delete this item?