This week's PwC update on financial reporting developments includes: Transition Resource Group debates revenue recognition implementation issues... In depth: Hybrid preferred stock instruments – New guidance requires reassessment... SEC staff issues new compliance and disclosure interpretations... and more
PwC's Tax Projects Delivery Group invites you to participate in the webcast, Time to take action: Highly anticipated research credit regulations on internal-use software released, where our panel will discuss the key issues and opportunities presented by the IRS's proposedregulations regarding internal-use software (IUS) for purposes of the Section 41 research credit
Please join PwC and Equifax Workforce Solutions on February 4th for a webcast discussing many the complexities of the ACA reporting requirements regarding "affordable healthcare" for "full time employees." We will discuss new IRS Forms 1095-C and 1094-C, key technical and data integrity issues that employers will need to address, and the unique value proposition of our collaborative end-to-end solution.
The 2014 year-end financial reporting season has arrived for calendar year companies. Here we provide quick access to our publications and resources focused on key financial reporting trends, developments and considerations to help companies with their year-end reporting.
The IASB will hold educational, non-decision-making sessions on February 13, 2015, to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)
The FASB's active standard setting means it is more important than ever to know which standards are effective when. Here we provide effective dates for the FASB's recently released guidance, segregated between public companies and nonpublic companies since that designation results frequently translates into a different effective date.
The FASB and the Private Company Council (PCC) will host their fourth private company town hall meeting on April 28, 2015, to provide private company stakeholders across a wide variety of industries with the opportunity to discuss private company accounting issues and share input on current and future agenda topics of both the FASB and the PCC.
PwC's latest summary of recent developments at the American Institute of Certified Public Accountants (AICPA) including links to, and abstracts of, items such as news releases, action alerts, proposed rules, PwC comment letters, final rules, and meeting minutes.
PwC's latest summary of recent developments at the Securities and Exchange Commission (SEC) including links to, and abstracts of, items such as news releases, action alerts, proposed rules, PwC comment letters, final rules, and meeting minutes.
PwC's latest summary of recent developments at the Financial Accounting Standards Board (FASB) including the FASB simplification initiative and links to, and abstracts of, news releases, action alerts, proposed rules, PwC comment letters, final rules, and meeting minutes.
The Auditing Standards Board (ASB) is the AICPA’s senior committee for auditing, attestation, and quality control applicable to the performance and issuance of audit and attestation reports for nonissuers. The ASB promulgates Statements on Auditing Standards (SAS), Statements on Standards for Attestation Engagements (SSAE) and Statements on Quality Control Standards (SQCS), and, as a part of its due process, releases Exposure Drafts of proposed standards.
The 2013 COSO update to its Internal Control Integrated Framework, authored by PwC, helps refresh your internal controls for today's environment. Visit our COSO page for PwC's recent developments and videos, and links to key documents from the COSO (Committee of Sponsoring Organizations of the Treadway Commission) organization which is dedicated to providing thought leadership and guidance on internal control, enterprise risk management and fraud deterrence.
IFAC’s mission is to serve the public interest by contributing to the development, adoption and implementation of high-quality international standards in auditing and assurance, public sector accounting, ethics, and education for professional accountants.
The IASB is the independent standard-setting body of the IFRS Foundation responsible for the development and publication of IFRSs and for approving Interpretations of IFRSs as developed by the IFRS Interpretations Committee (formerly called the IFRIC). Get PwC's latest summary of recent developments at the International Accounting Standards Board (IASB).
This week's PwC update on financial reporting developments includes: The quarter close: Cloud computing... PwC comments on IASB's discussion paper on rate regulation... FASB meetings and project updates... SEC staff to review Commission rule for excluding conflicting proxy proposals... and more
The FASB's framework for Accounting for Fair Value Measurement (ASC 820) continues to challenge preparers, particularly with regards to the latest disclosure requirements from the 2011 amendment. PwC provides helpful publications and guides to assist users in this challenging area.
The accounting for business combinations (ASC 805), discontinued operations, divestitures, and related topics impairments and segment reporting continue to pose many challenges and remains on the SEC's radar screen. PwC provides the latest developments in these and other business combination accounting topics.
IASB issued IFRS 9 Financial Instruments which replaces most of the guidance in IAS 39 and includes a new model for classification and measurement of financial assets and impairment. The FASB is expected to issue a final standard on classification and measurement and impairment in the second half of 2014. PwC offers the latest developments, summaries of board decisions, and publications on the FASB and IASB's financial instruments project.
While the near-term use of IFRS in the US by domestic public companies will not be required, IFRS remains very relevant to many US businesses. PwC provides the latest developments and helpful publications on IFRS adoption & convergence in the US.
The FASB and IASB have been jointly deliberating insurance contract accounting with a goal of issuing a single, high-quality global standard on insurance contract accounting. CFOdirect offers a roundup of PwC’s reports and insights on the insurance contracts project.
Learn how US CEOs are positioning for a new era where overseas business growth is balanced more evenly between developed and emerging economies, and mainstream adoption of digital technologies everywhere is surging.
Please join PwC for our complimentary webcast, "Is Your Hospital in Compliance? Understanding the Final Section 501(r) Regulations", where we will discuss the 501(r) mandate minimum requirements for hospitals to obtain and maintain their tax-exempt status.
This week's PwC update on financial reporting developments includes: Accounting for Income Taxes: 2014 Year-end Hot Topics... FASB removes concept of extraordinary, retains guidance on unusual items... COSO report offers guidance on using Frameworks to assess cyber risks... and more
PwC's brief, interactive summary and collection of Insights focuses on the key developments, issues and trends across the state and local tax landscape in 2014 and what we may expect for 2015 and beyond. There was one striking truth about the state and local tax world in 2014: It continued to offer a rich mix of legislative, judicial and administrative actions that altered the state tax landscape.
We invite you to join PwC on January 29th for the next webcast in this series. This presentation is dedicted to the FASB standard setting developments that have occurred since our October webcast. We will be doing a refresher on not-for-profit business combinations accounting, cover A-133 regulatory developments, and discuss developments related to FASB projects impacting not-for-profit entities, including the not-for-profit financial statement project.
The FASB and IASB have released their converged revenue recognition standard, Revenue from contracts with customers (ASC 606). PwC provides details on the new revenue accounting standard and the business implications for companies and industries on all revenue transactions as they prepare for implementation of the new standard.
We invite you to join PwC for our latest SAP GRC webcast on Thursday, January 29th from 1:00pm to 2:00pm (ET) to hear about leading practices in building a business case and a roadmap for your GRC program and technologies.
Accounting for income taxes has seen legislative and regulatory changes in the United States and abroad in 2014. These developments, combined with an environment of political and economic uncertainty, have added to the existing challenges in accounting for income taxes.
Authors John Sviokla and Mitch Cohen identify five habits of mind that allow self-made billionaires to create value on a massive scale—habits that are in direct conflict with the traits and practices most businesses value and promote in their employees.
PwC's latest summary of recent developments at the Public Company Accounting Oversight Board (PCAOB) including links to, and abstracts of, items such as news releases, action alerts, proposed rules, PwC comment letters, final rules, and meeting minutes.
This week's PwC update on financial reporting developments includes: Reminder: Year-end financial reporting considerations and resources... BoardroomDirect: December 2014 edition — Monthly director e-newsletter... What matters in the boardroom? Director and investor views on trends shaping governance and the board of the future... and more
This research compares the responses of PwC’s 2014 Annual Corporate Directors Survey and PwC’s 2014 Investor Survey in order to identify areas where viewpoints are shared or different perspectives may exist between directors and investors.
The PwC Rx Marketplace Quarterly features a wide range of financial reporting developments, accounting and tax developments, regulatory updates and general industry trends impacting the pharmaceutical and life sciences industry.
This week's PwC update on financial reporting developments includes: In depth: Collateralized financing entities — FASB provides new measurement alternative... Practical tip: Reporting considerations for a discontinued operation subsequently retained... IFRS news — December 2014/January 2015... and more
This issue of BoardroomDirect® includes highlights of the 2014 edition of the comparative report of PwC’s Annual Corporate Directors Survey and Investor Survey. There is also an article on the importance of board oversight of management’s social media policies and risk management plans. There is news about the proposed CEO/median pay ratio rule, the 2014 SEC whistleblower report to Congress, the PCAOB looking to issue a concept release on audit quality indicators, and the findings of an audit committee transparency barometer.
This edition includes: Flashline, IFRS news - December 2014/January 2015, In depth: Collateralized financing entities-FASB provides new measurement alternative, The quarter close: Directors edition Q4 2014, and more
PwC’s Power and Utilities Industry Group has developed this publication to assist management teams in understanding some of the SEC’s current focus areas as well as other financial reporting hot topics.
PwC discusses key comment letter trends and considerations based on comment letters published by the SEC staff. Trends are organized by selected industries and accounting topics. We highlight the areas that received the most comments from the SEC and provide relevant examples of recent comments to aid preparers in assessing whether their disclosures are transparent and consistent with relevant accounting and reporting guidance.
The Center for Audit Quality is dedicated to enhancing investor confidence and public trust in the global capital markets. The CAQ has standing committees and task forces that each have a different role in enhancing the quality of public company auditing and financial reporting, including Professional Practice Executive Committee (PPEC); SEC Regulations Committee; International Practices Task Force; and Smaller Firm Task Force.
Audit committees’ agendas continue to expand as companies are faced with a rapidly-changing global business landscape, the proliferation of standards and regulations, increased stakeholder scrutiny and a heightened enforcement environment. As a consequence, audit committees must continue to transform and evolve to maintain and increase their effectiveness. What actions are they taking? Leading audit committees are setting a strong tone at the top, owning their agenda, building strong relationships with auditors, evaluating their informational and educational needs, and critically assessing their own performance.
This week's PwC update on financial reporting developments includes: In depth: Year-end financial reporting considerations... In depth: Highlights of the 2014 AICPA National Conference on Current SEC and PCAOB Developments... Regulatory and standard setting developments... and more
US shale gas development continues to mature rapidly. Its momentous growth is not only altering the country’s energy mix, and impacting global energy markets. It’s also giving US manufacturing a boost through significant cost savings and job creation, according to a PwC analysis.
This week's PwC update on financial reporting developments includes: The quarter close — Fourth quarter 2014... Private company reporter: 2014 wrap-up — What to know for your financial statement close... PwC guide: Foreign currency — inaugural edition... and more
We invite you to watch a recording of our quarterly webcast designed to address technical accounting issues impacting technology companies. The presentation features discussions by the PwC Technology and National Office practitioners on topics such as AICPA/SEC conference highlights and Technology industry SEC comment letter trends.
During this webcast, PwC professionals will discuss the OMB Cost, Administrative and Audit Circulars, now known as "the Uniform Guidance", affecting institutions of: higher education, hospitals, and other not-for-profit organizations. The discussion will cover Title 2 of the Code of Federal Regulations, Part 200 (2CFR, 200): Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
This publication provides an analysis of SEC comment letters issued to registrants across the energy and mining value chain, including exploration and production, midstream, downstream, drillers, oilfield services, and integrated energy companies.
PwC's latest summary of recent developments at the Emerging Issues Task Force (EITF) including links to, and abstracts of, items such as news releases, action alerts, proposed rules, PwC comment letters, final rules, and meeting minutes.
Throughout 2014, the U.S. IPO market put in its strongest performance since 2000, as a broad range of companies took advantage of strong equity markets and an accommodative financing environment to raise capital, according to IPO Watch, a quarterly survey by PwC US.
Recalls can have a devastating impact on the operations and brands of retail and consumer companies. But companies that manage the recall process effectively can transform a potential crisis into a business advantage.
The performance of software development teams is an area of high interest for Technology executives—especially with the increasing impact of software on the usability and functionality of high-tech products. PwC’s Software Measurement Study was designed to analyze the current state of measurement and practices in software development environments. The study compared measurement practices to industry leading practices to provide an assessment of software measurement.
This edition of The quarter close provides insight into the potential effect of the revenue standard on compensation plans, what to look for to identify embedded derivatives in new or modified debt agreements, a spotlight on the FASB’s newly unveiled guidance for applying pushdown accounting, an SEC focus on internal controls, and more.
To help registrants gain insight into the SEC’s current areas of interest, PwC analyzed comments released by the SEC staff to domestic large accelerated, accelerated and non-accelerated registrants within the healthcare provider industry during the two year period ended August 31, 2014.
A new consolidation standard is imminent. Hear how it may impact financial services companies. PwC's Stephanie L. Stewart, Lee Vanderpool, and Craig Cooke discuss the proposal and potential implications.
For the past decade, companies have had to contend with a series of large- scale macroeconomic disruptions, along with pressures on costs and earnings. Now, as the global economy recovers from the recession and cost and short-term earnings are not the sole focus, companies can turn their attention to the top line again.
This week's PwC update on financial reporting developments includes: Point of view: Audit committee evolution — 2014 and beyond... The quarter close: Common embedded derivatives... In the loop: Pushdown accounting — make the right choice for your company... and more
As year-end rapidly approaches, it is time once again to plan for your annual filing. PwC's technology industry publication, Stay informed, 2014 SEC comment letter trends, provides a comprehensive analysis of recent SEC staff comments to assist you in understanding some of the key trends that are relevant to companies in the technology sector.
This publication provides an analysis of SEC comment letters issued to registrants across the Retail and Consumer industry. Business challenges, changes, and opportunities, together with ongoing regulatory developments in the financial reporting environment, underscore the need for continued focus on high quality and transparent financial reporting. Understanding where the SEC staff focuses their review is an important consideration in the year-end reporting process.
Take a closer look at the latest automotive SEC comment letters and trends to prepare your end of year financial reports and high quality annual reports. The information summarized in this report is based on comment letters issued to companies in the automotive sector and closed by the SEC between October 1, 2013 and September 30, 2014.
This issue of BoardroomDirect® includes an article on the impact of the midterm elections on the boardroom and news about fee-shifting bylaws, proxy advisor 2015 policy updates, and the COSO survey on updating the ERM-integrated framework.
Insurers currently use a variety of different and largely inconsistent local approaches to measure the value of insurance contracts within their statutory financial statements. This diversity makes it difficult to compare companies and may fail to reflect the true economic value of insurance business, which can put insurers at a considerable disadvantage when competing for capital.
This week's PwC update on financial reporting developments includes: The quarter close: Top 5 financial reporting reminders... Reminder: SEC comment letter trends webcasts — December 2 and 3... FASB meetings and project updates... and more
Today’s IPO environment requires companies to stay on top of the latest updates and market conditions. Many companies are looking to support growth strategies, take advantage of new opportunities and proactively manage their capital structures. Accessing the capital markets in the form of a public offering – either through equity, debt or a spin off – requires a great deal of planning and preparation.
In the quarter running up to the midterm election, private companies remained intent — if not bullish — on growth, felt good about the US economy, and signaled greater risk appetite. And decidedly more of them reported profitability increases than we’ve seen in quite some time. Even so, wage hikes and hiring remain modest at Trendsetter companies, and the world economy is giving them pause. Read our survey report to hear what else is on private companies' minds.
The IASB will hold educational, non-decision-making sessions on December 11-12, 2014, to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)
SEC comment letter trends for Industrial Products companies is an analysis of SEC staff comments to help executives understand key trends that are relevant to companies in the following Industrial Products sectors: Aerospace & Defense; Business & Professional Services; Chemicals; Engineering & Construction; Forestry, Paper & Packaging; Industrial Manufacturing; Metals; and Transportation & Logistics.
This paper discusses the recent areas of focus and applicable accounting or reporting guidance in SEC staff’s comment letters issued over the past few years to registrants within the financial services industry and the identified trends of hot topic areas.
This week's PwC update on financial reporting developments includes: PwC's InPractice - Register now and join the discussion... Introducing our on-demand, CPE-eligible webcast library... Webcast: Private Company Services — 2014 Year-end accounting & reporting developments – December 8... and more
Please join PwC for a complimentary Pharmaceutical and Life Sciences Tax Hot Topics webcast: Legislative Update and Year End Accounting Update on Wednesday, December 10, 2014 from 12:00pm - 1:00pm (US ET).
Please join PwC's Professional Development Program as they host a tax seminar instructed by a panel of PwC subject matter specialists. You'll gain an understanding of the most recent developments relating to current industry trends and tax developments with respect to Real Estate Funds and REITs.
Please join PwC for a "Year End Review and 2015 Outlook with Perspectives from the IRS" as our tax specialists and IRS officials, Sunita Lough, Commissioner of Tax-Exempt and Government Entities, and Eric San Juan, Senior Technical Advisor to the Commissioner TE/GE, review the past year, discuss the IRS restructuring of the TE/GE Division, provide an outlook of potential future initiatives from the IRS, and highlight other issues impacting universities, healthcare providers, and other tax-exempt organizations.
As part of our webcast series on the new Revenue Recognition standard, we invite you to watch this webcast discussing the specific impacts the new standard will have on software companies. While the new standard will impact companies broadly, there are particular implications to software companies that deserve focus as companies plan for implementation.
Over the years, thanks to the input of thousands of executives from a number of sectors and territories, we have gained significant insight into how organizations are addressing the evolving risk landscape. The findings are published in both PwC's State of the Internal Audit Profession Study and our Risk in Review Study.
Our quarterly webcast is designed to keep you informed about emerging accounting, regulatory, and market developments impacting financial reporting. Watch a replay of our Q4 webcast on December 17, or watch our on-demand (CPE-eigible) webcast replays of previous quarters.
In this survey report, PwC and FERF teamed up to gain an understanding of where companies are relative to implementing new revenue recognition standard. While many companies do not know what the implementation journey fully looks like yet in terms of implementation processes, costs, timing, contract reviews, IT and systems, operations, quantification and reporting, they understand they should start preparing now.
Power and utilities companies are often at the forefront of global sustainability and climate change issues, and are directly affected by the evolving expectations of the communities they serve. As populations become more urbanized and some jurisdictions begin to move towards more renewable energy sources, clear communication becomes even more important. Power and utilities companies need to tell a powerful story to support ongoing investment in their vital but often aging infrastructure.
In this webcast recording, Jean Connolly summarizes the recent developments of the short and long-term projects of the NAIC with a focus on decisions reached at the 2014 NAIC Fall National Meeting (November 2014). The webcast also highlights the activities of some of the committees, task forces and working groups of the NAIC.
In recent years Plan Sponsors of defined benefit pension plans have been focusing on de risking pension plans, including a strategy to provide a one-time lump sum buyout offer to former employees. We will share insights into the strategy Plan Sponsors utilized.
Our 2014 SEC comment letter trend compiles and analyzes the SEC staff’s comment letters issued over the past few years to registrants across different sectors within the Pharmaceutical and Life Sciences industry and provides highlights surrounding current hot topics and sample comments.
This week's PwC update on financial reporting developments includes: Introducing “In transition — Practical insights on revenue recognition implementation”... Point of view: The interim reporting model — Time to get back to basics... M&A snapshot — Companies in distress: Bankruptcy process and reporting considerations... and more
This PwC National Professional Services Group webcast discusses current accounting and financial reporting developments with a focus on private company considerations. Watch a replay or participate in the on demand (CPE-eligible) version of this webcast.
The accounting and reporting guidance around benefits and compensation continues to evolve. In an effort to keep you apprised of the on-going changes and updates, we are pleased to invite you to join us for our quarterly webcast series, designed for corporate financial reporting and HR executives. PwC specialists will provide their perspectives on emerging accounting, regulatory and market developments within the incentive compensation and employee benefits arena.
In October 2014, institutional investors, corporate officials, and governance specialists came together at PwC’s second annual Investor Exchange. The goal: to exchange ideas, discuss important issues, and find opportunities to collaborate in the future.
When carrying out supply chain network modelling projects in emerging markets, there are a number of challenges to be considered and managed. This paper describes how a sample of these can be overcome.
Large multinational corporations (MNCs) have been competing from global platforms for some time. A newer dynamic is the growth of the Small MNC. Businesses which, just a few years back, were happy to compete in their “home” markets increasingly find that entry to new markets is not just a growth strategy, but actually necessary for their long-term survival. But how to access those markets without betting the house?. When is it the right time to expand to a new market? Where do we grow? How do we enter a new market? Who are the competitors? What risks do we face? These are common questions for any business looking to grow, and there's a way to approach market entry to ensure your company is best-positioned for success.
PwC is pleased to share with you our Pension/OPEB 2014 Assumption and Disclosure Survey. This survey presents our analysis of the 2013 year-end assumptions and disclosures under ASC 715-20, ASC 715-30, and ASC 715-60.
Organizations often use customer information collected online to understand and effectively target consumers. This process requires not only the attention of the chief privacy officer, but also the chief marketing officer. Almost daily, news headlines underscore the importance of this with data breaches becoming commonplace. For consumers to provide complete and accurate information, they must know they can trust your organization.
Knowing how your advertising spend compares to that of your competitors is an important benchmark that allows you to save money; and using media auditing and benchmarking pools is the definitive way to do this. Or is it? It’s time to question the value of these pools.
This issue of IFRS news looks at (1) Revenue TRG tackles performance obligations and licenses, (2) new EFRAG to strengthen European influence, (3) ESMA focuses on consolidation, joint arrangements and deferred tax, (4) leases, (5) conceptual framework, (6) research agenda, and (7) Q&As: underlying.
With the COSO’s 1992 Control Framework being superseded by the 2013 updated edition on December 15, 2014, now is the time for companies to use the updated framework to evaluate the effectiveness of their systems of internal control over financial reporting. This paper talks through the updated framework and these competencies to evaluate the effectiveness of companies’ systems of internal control over financial reporting.
Discussions will include a review of the Oxford Economics and PwC outlook on Capital Projects and Infrastructure Spending Report. Participants will learn how Oracle’s Project-Driven Supply Chain solutions can help lower costs, increase resource utilization and minimize late penalty fees.
This week's PwC update on financial reporting developments includes: Webcasts: SEC comment letter trends — December 2 and 3... Reminder: Derivatives and hedging webcast – November 13... BoardroomDirect – October 2014... and more
Going public is a transformational event that pushes a company into view of regulatory, investor, and analyst scrutiny. Companies that delay getting their risk management, compliance and compliance infrastructure in order until after the IPO may be jeopardizing their ability to reap the full benefits of going public. This paper lays out steps that will help companies establish a foundation and cover the company’s critical risks and controls, both pre-and-post IPO.
In this special report, PwC and Wharton have teamed up to highlight the hidden risks and opportunities that can arise from key accounting challenges and suggest ways for companies to manage them — and potentially prosper. The articles collected here originally were published separately over the course of 2013 and 2014.
This issue of BoardroomDirect® includes highlights from the 2014 Annual Corporate Directors Survey: Trends shaping governance and the board of the future. There is also news about how ISS equity compensation and independent chair proposal recommendations may change, SEC plans to hold universal proxy ballot roundtable in 2015, political contribution disclosure increasing in S&P 500, and the PCAOB proposal for a new form for engagement partner identification disclosure.
Eleven mega deals drove significant deal activity in Q3-2014, positioning the R&C deals market to outperform last year's strong performance. Retail sales and economic trends continue to improve, leading to higher levels of consumer confidence as we head into the holiday season. IPO activity slowed in the third quarter of 2014 in terms of both volume and value after strong performance in the second quarter of 2014 with only two IPOs in Q3-2014. However, the pipeline looks stronger for the fourth quarter.
These webcasts will provide you with insights and analysis of recent SEC comment letter trends at an industry level. One webcast discusses trends impacting Commercial and industrial companies sectors and the other is focused on Financial services industries.
This webcast will review the current state of the M&A market in the US, the trends impacting dealmaking, what we envision the deal market could look like in 2015, and key considerations for successfully executing your deal.
This week's PwC update on financial reporting developments includes: PwC guide: Financial statement presentation – inaugural edition... PwC guide: Financing transactions: debt, equity and the instruments in between – 2014 edition... Save the date: PwC’s Center for Board Governance quarterly webcast – November 5... and more
This edition includes: Financial statement presentation – 2014 accounting and financial reporting guide, CPE-eligible version of Q3 2014 Current Accounting and Regulatory Developments webcast, and more
The inaugural edition of our "Financial statement presentation" accounting and financial reporting guide addresses U.S. GAAP presentation and disclosure requirements of common balance sheet and income statement accounts.
While momentum continues apace with slightly fewer but larger deals, the third quarter experienced an unprecedented series of spin off announcements from technology titans that signal fundamental competitive shifts. Healthy valuations, built-up cash reserves and the ability to leverage equity enabled strategic buyers to lead the way, while private equity remained active on both the buy and sell side.
The IASB will hold educational, non-decision-making sessions on November 13-14, 2014, to discuss topics that are anticipated to be discussed at a future Board meeting. (No decisions are made at education sessions.)
PwC's Center for Board Governance invites you to attend the next Center for Board Governance Quarterly Webcast Series, designed to help board and audit committee members more effectively meet the challenges of their critical roles.
Private Company Services' annual Year-end Tax and Wealth Management Planning webcast will focus on the key tax considerations for both businesses and individuals and strategies to consider to maximize your tax planning as we approach year-end.
This week's PwC update on financial reporting developments includes: IFRS and US GAAP: similarities and differences — 2014 edition... In brief: New mortality tables to impact benefit obligation assumptions... Annual Corporate Directors Survey: Trends shaping governance and the board of the future — 2014... and more
Watch or participate in our on-demand CPE-eligible two-part webcast series where we discuss the new Revenue Recognition standard in detail, and help you understand the pervasive business implications, as well as what companies can do to prepare for implementation of the new standard. Additionally, we expand our discussion with a series of industry-specific webcasts that look at the impact the new revenue recognition standard will have on various sectors.
The Global State of Information Security® Survey 2015 is a worldwide study by PwC, CIO, and CSO. Security breaches are on the rise, and it is no surprise to find that as the number of information security incidents continues to mount, so do financial losses. Survey respondents in 2014 report that the number of detected incidents soared to a total of 42.8 million, a 48% leap over 2013. This increase comes at great cost: Total financial losses attributed to security compromises increased 34% over 2013.
This PwC National Professional Services Group webcast provides a refresher on derivatives and hedge accounting guidance and practices with a focus on hedging foreign currency risk and interest rate risk. Watch a replay or participate in the on demand (CPE-eligible) version of this webcast.
Successful investors continually look around the corner to anticipate the next challenge and the next opportunity, both today and tomorrow. And investors expect the companies they invest in to be similarly forward thinking. So what’s important to investors, and what do they expect of corporate directors? Our second annual survey takes a look.
Many multinational companies have been dealing with the complex and ever changing regulatory environment in China for several years, but still struggle to keep informed of changes in tax bureaus' positions or the State Administration of Foreign Exchange (SAFE) requirements.
What does the corporate board of the future look like? Diversity, shareholder relations, communication with management, effective IT governance, fair executive compensation, and agile risk response are cited in PwC's Annual Corporate Directors Survey.
PwC's publication will help you develop a broad understanding of the major differences between IFRS and US GAAP. It also contains insight on recent and proposed guidance, including developments pertaining to the overall convergence agenda.
This week's PwC update on financial reporting developments includes: Get all our revenue recognition insights on the 365 app... M&A snapshot — Companies in distress: A successful turnaround requires decisive action... 'IFRS adoption by country' publication now available... and more
More than 20 senior power and utilities (P&U) executives and experts from the US and Canada joined us in May 2014 in Chicago to discuss the challenges they’re facing managing their physical asset portfolios and operations. The group came together at a roundtable to share their approaches to Enterprise Asset Management and to discuss leading practices, challenges and lessons learned Participants were drawn from across the gas and electricity sectors, including generation, storage, transmission, and distribution.
PwC’s Seed Capital Program Survey collates data from 16 participating asset management firms regarding their seed capital program strategies. This article summarizes several of the survey’s key findings.
In this issue, we cover several timely and insightful topics, including the expanding trend of non-traditional REIT conversions, Sovereign Wealth Fund investment strategies for US property markets, and the positive trends impacting the vibrant office sector.
The proposed General Data Protection Regulation, which is currently proceeding through the European legislature, would introduce widespread data protection changes and greatly increase financial sanctions for noncompliance. These changes are likely to raise significant challenges in regard to data protection compliance for all businesses (regardless of the location of their establishments) that operate or provide goods and services within the European Union (EU). During the webcast, Jay, Stewart and James will discuss the changes the new law would introduce, its current status and how US companies can prepare.
This week's PwC update on financial reporting developments includes: Webcast: IASB and PwC perspectives on how the new revenue standard will change your business – October 23... IFRS news – October 2014... FASB meeting recap - Decisions reached to simplify accounting for stock-based compensation... and more
This issue of IFRS news looks at (1) IASB takes debt versus equity off the table, and (2) IASB continues to hold line on a single model for leases, (3) Hilary Eastman discusses why it’s time to stop talking and start doing, (4) consultation on IFRS in the EU, (5) IFRS 10 and IAS 28 amendments, (6) Annual Improvements 2012-14, (7) ED on fair value – price times quantity, (8) Rate regulated activities DP, (9) Disclosure initiative, (10) Insurance redeliberations, and (11) Q&As: ‘T’ is for translation of foreign currencies.
PwC is pleased to share with you our Stock Compensation 2014 Assumption and Disclosure Study. This study presents our analysis of the 2013 year-end assumptions and disclosures for large US public companies as well as separately for high tech companies.
PwC’s Sports Outlook focuses on recent results and potential opportunities and challenges to future industry growth. This edition for North America provides revenue projections over five years through 2018 within four key segments of the sports market.
BoardroomDirect – September 2014... Family Business Corporate Governance Series: Building or renewing your board... PwC comments on FASB's proposals to simplify inventory measurement and eliminate extraordinary items... FASB Action Alert and Project Updates... and more
The PwC Rx Marketplace Quarterly features a wide range of financial reporting developments, accounting and tax developments, regulatory updates and general industry trends impacting the pharmaceutical and life sciences industry.
Join us on for a discussion on Rethinking Integration. We will review several IT trends, including data lakes, silo elimination, microservices and application portability that many are exploring to alleviate the integration burden and speed integration success.
This issue of BoardroomDirect® includes a summary and link to the latest edition of our Audit Committee Excellence Series (Achieving excellence: Overseeing external auditors.) There is also news about efforts by two large institutional investors to boost the number of female board members, what makes for an effective board self-evaluation, an update on Dodd-Frank rulemaking, and the FASB and PCAOB decisions regarding going concern disclosures
As leading internal audit functions have transformed to meet increasing expectations, metrics have become a critical tool for Internal Audit to demonstrate its value to the organization and drive its performance against stakeholder expectations. Building on key findings from PwC’s 2014 State of the Internal Audit Profession study, this paper explores how internal audit functions can leverage metrics to both communicate the value they are providing as well as drive results.
The rise of trade-based money laundering presents direct financial, reputational, and compliance risk to the financial services companies, banks, and global trade organizations that provide and utilize trade finance. Financial firms can address these increased AML challenges by leveraging analytics and statistical transaction monitoring techniques to identify information, trends, connections, and anomalies indicative of trade-based money laundering schemes.
We spoke to over 200 private-company leaders about what they envision for the year ahead. They told us they're more optimistic about the economy, have ambitious revenue goals, and plan to hire new workers in 2014. Read our report to hear what else they're planning for the year ahead.
More and more family businesses are interested in corporate governance today. Many want to understand the value a board brings, and how to evolve their board to provide that value. This publication is the second in a series about family business corporate governance.
At the present time, no two developments in the insurance sector seem more entwined than risk and regulation, and nowhere is this interaction more evident than in developing regulatory expectations for insurers’ boards of directors. While regulators still seem far apart in their search for a single global capital regime, they are much closer to a consensus on terms of governance.
The National Association of Insurance Commissioners held its Summer National Meeting in Louisville from August 16 to 19. This newsletter contains information on activities that occurred in some of the committees, task forces and working groups that met there.
In depth: FASB defines management’s going concern assessment and disclosure responsibilities... Private company reporter: PCC votes to simplify the accounting for certain intangible assets... In the loop: Selling part of your business? New rules for reporting disposals... Regulatory and standard-setting developments – September 2014... and more
Being aware of risks is one thing; taking specific action to address them head on is another. Many companies have tended to look at risk management as something they should react to, rather than something that they should build into the company culture.