In brief

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

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


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


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?


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


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


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

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


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

In brief: FASB seeks feedback on future agenda


The FASB is seeking input on potential financial accounting and reporting topics that it should consider adding to its agenda.

In brief: FASB issues exposure draft as part of income tax disclosure framework


The FASB’s proposed income tax disclosure framework would require additional disclosure for all entities.

SEC proposes amendments to update and simplify disclosure requirements


SEC issues proposed rules to eliminate, modify, or integrate into other SEC rules numerous disclosure requirements.

In brief: SEC requires disclosure of payments by extractive industries companies


The SEC has adopted rules that require issuers to disclose payments made to governments related to resource extraction.