PwC's accounting weekly news: February 26, 2021

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Commensurate with the increased interest in ESG, we continue to bring you resources to help you navigate its impact. This week we have a podcast focused on the “S” in ESG, an article on addressing diversity and inclusion in your ESG reporting, and a link to acting SEC Chair Allison Herren Lee’s statement on the SEC’s focus on climate-related disclosures.

Bidding farewell to LIBOR: What you need to know

With the discontinuance of LIBOR in sight, there are things companies should be doing today to ensure a smooth transition. Host Heather Horn is joined by PwC partners Chip Currie and David Challen to discuss some of the business and accounting issues that need to be thought through prior to LIBOR going away.

Need a deeper dive on reference rate reform? Read our Reference rate reform guide, which has been updated for ASU 2021-01, Reference Rate Reform (Topic 848): Scope.

Forecast 2021: The “S” in ESG, spotlight on societal investments

This week, we conclude our deep dive into ESG by focusing on the “S,” or social, initiatives. Heather Horn sits down with Aaron Gilcreast, PwC’s Global Valuation Leader, and Andreas Ohl, a partner in PwC’s National Office, to look at how companies are rebalancing their strategy to address societal challenges and building measurement frameworks that help prioritize and report on these societal initiatives.

Getting serious about diversity and inclusion as part of your ESG reporting

The D&I journey is one of the most difficult challenges for an organization to take on—but like most things of utmost importance, it’s the right thing to do. It can be challenging to know where to begin on the journey to measuring and reporting on D&I. We break down three leading practices to bring into your ESG reporting.

Register: PwC’s CPE-eligible Q1 Quarterly accounting and sector-focused webcasts

In addition to our Q1 Quarterly accounting webcast (March 17, 25, or 30), we are also offering several sector-focused webcasts. Registration information and further details are included in the links below:

Here’s what we’re following

SEC Division of Corporation Finance directed to focus on climate-related disclosures

On February 24, Allison Herren Lee, Acting Chair of the SEC, directed the Division of Corporation Finance (Corp Fin) to increase its focus on climate-related disclosures in company filings. Among other things, Corp Fin will review the extent to which companies addressed the topics included in SEC interpretive guidance published in 2010 as it looks to update that guidance for recent developments.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US