PwC's accounting weekly news: April 30, 2021

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Earth month may be ending, but the interest in ESG and the level of related activity is high—and we expect that to continue.

  • See our podcast on the SEC’s request for input on climate-related disclosures.
  • We’ve updated our In the loop on human capital disclosures to reflect a recent study on what companies disclosed in 2020 Form 10-Ks.
  • A proposed directive from the European Commission on sustainability disclosures could impact some US companies. See our In brief.

The SEC’s request for comment on climate disclosure, explained

The SEC recently requested public input on climate disclosure. In this week’s episode, Heather Horn and PwC’s National Office team leading PwC’s comment letter response, comprising Kyle Moffatt, Andreas Ohl, Jay Sivakumaran, and Valerie Wieman, discuss considerations for responding to the SEC’s request.

Want to learn more? Read our In the loop, Don’t wait until the SEC staff asks you about climate change.

EC sustainability proposal may impact some US companies

The European Commission has proposed a directive to enhance sustainability disclosures. The new rules may impact some European subsidiaries of US companies. For more information, read our In brief.

“Moving your product into a digitally enabled service… opens the door to a whole new set of customers.”

- Romit Dey

Hear more as Romit Dey, PwC’s national leader on Anything-as-a-Service (XaaS), joins host Heather Horn this week to talk about XaaS and digitizing your business: The subscription economy.  

Updated: New human capital disclosure rules: Getting your company ready

This In the loop was updated to include insights from our review of human capital disclosures in recent Form 10-K filings.

Mexico approves significant changes for subcontracted services

The Mexican Senate recently approved legislation that will modify the tax and labor law treatment of subcontracted or outsourced services by Mexican companies. These reforms may result in significant financial impacts to Mexican entities. Failure to comply with the new rules could result in significant penalties. For more information, read our latest Tax Insights.

CPE-eligible webcast replays

Need CPE? The following CPE-eligible replays are now available:

Updated: Domestic SPAC mergers - financial reporting and accounting considerations

We’ve updated our In depth to include additional guidance related to earnouts and warrants, and to reflect recent guidance from the SEC staff.

Recent releases

In case you missed it, here’s a summary of our content issued in recent weeks:

Reminders and key dates

May 5       PwC webcast: Tax Readiness: The intersection of ESG and Tax  (CPE eligible). Register here
May 19         PwC webcast: Rebuilding revenue - Accounting and reporting trends in revenue (CPE eligible). Register here
May 20 PwC webcast: Tax Readiness: Preparing for Deals in a Changing Environment (CPE eligible). Register here

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