In brief

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

FASB issues narrow-scope amendment to consolidation guidance


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

In brief


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


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


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


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.