In brief

Timely, high-level overviews of significant business, regulatory, financial reporting, accounting and auditing matters

FASB issues narrow-scope amendment to consolidation guidance

10/27/16

New FASB guidance will change how a holder of certain indirect interests in a VIE will perform its consolidation analysis.

In brief

10/26/16

Read PwC's In brief series for the latest news in financial reporting, accounting, regulatory, business and auditing on CFOdirect.

FASB simplifies tax accounting for intra-entity asset transfers

10/26/16

FASB issues new guidance that will require the tax effects of intercompany transaction to be recognized currently.

In brief: FASB proposes accounting changes for long-duration contracts of insurers

09/30/16

FASB exposure draft on long-duration contracts proposes significant changes to liability and DAC models for insurers

In brief: Proposal may change premium amortization period on callable debt securities

09/26/16

The FASB issued an exposure draft to amend the amortization period for callable debt securities purchased at a premium.

In brief: Hedge accounting: significant changes exposed for comment

09/09/16

Changes proposed by the FASB may simplify application of the hedge accounting model and may allow for additional hedge strategies.

In brief: Is your money market fund investment still a cash equivalent?

09/07/16

The SEC’s money market fund rules are now effective and may impact operations and internal controls.

In brief: FASB finalizes guidance to simplify elements of cash flow classification

08/29/16

PwC summarizes the FASB’s changes to certain cash flow classifications intended to reduce diversity in practice.

In brief: FASB finalizes first round of not-for-profit reporting changes

08/19/16

Learn more about the FASB’s changes to the not-for-profit reporting model.

In brief: Financial statement presentation: FASB proposes update to framework

08/18/16

The FASB proposed an update to the presentation guidance in the conceptual framework that could impact all stakeholders.