In brief

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

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.

In brief: 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.

In brief: SEC proposes to extend smaller reporting company status to more businesses


SEC proposal could allow more companies to benefit from scaled disclosures available to smaller reporting companies.

In brief: SEC proposes to modernize mining disclosures


The SEC has proposed changes to its mining disclosure requirements that would better align them with global practices.

In brief: Changes in VIE consolidation model proposed for certain interests


FASB proposal could change treatment of interests held by entities under common control in the VIE consolidation model.

In brief: Allowance for loan and lease losses – FASB issues final impairment standard


On June 16, the FASB issued new impairment guidance for financial instruments that will impact all reporting entities.