In brief

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

In brief: IVSC issues exposure drafts on revised intangibles standard and other topics


IVSC is seeking feedback on proposed revisions to intangible assets valuation standard and other topics.

In brief: PCAOB proposes new requirements for audits involving other auditors


PCAOB requests comment on proposal to modify standards for lead auditor’s supervision of other auditors.

In brief: FASB updates revenue standard on performance obligations and licenses


The FASB amended the new revenue standard related to identifying performance obligations and accounting for licenses.

In brief: SEC seeks comments on the disclosure requirements of Regulation S-K


The SEC published a concept release to seek input on the importance, usefulness, and cost/benefit of the disclosures required by Regulation S-K.

In brief: IASB publishes amendments to the new revenue standard


IASB issued its amendments to the new revenue standard, which differ in some respects from those proposed by the FASB.

In brief: Share-based payment simplification will mean more income tax volatility


The FASB released the final share-based payment simplification guidance, which will significantly impact net income.

In brief: FASB finalizes amendments to principal versus agent revenue guidance


The FASB finalized its amendments to the principal versus agent guidance in the new revenue standard.

In brief: Transition to equity method accounting simplified


New FASB guidance eliminates the requirement to apply the equity method retrospectively to previously held investments.

In brief: FASB simplifies embedded derivative analysis for certain debt instruments


The FASB has simplified the embedded derivative analysis for debt instruments containing contingent put or call options.

In brief: FASB permits continuation of hedge accounting in a derivative novation


The FASB has clarified a change in the counterparty to a derivative contract alone will not impact hedge accounting.