In brief

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

In brief: SEC seeks comments on first initiative of disclosure effectiveness project


New SEC public request for comments over financial disclosures about entities other than the registrant.

In brief: FASB proposes further amendments to the new revenue standard


The FASB has proposed additional practical expedients and further amendments to the new revenue standard.

In brief: Footnote materiality - two FASB proposals related to the Disclosure Framework


On September 24, 2015, the FASB issued two exposure drafts as part of its ongoing Disclosure Framework project.

In brief: FASB simplifies accounting for measurement period adjustments


FASB eliminates the requirement to restate prior period financial statements for measurement period adjustments.

In brief: SEC adopts rule requiring CEO pay ratio disclosure


The SEC did not object to deconsolidation of a Venezuelan subsidiary due to currency restrictions and lack of control.

In brief: IASB proposes changes to revenue standard - more FASB proposals coming soon


The IASB has issued proposed amendments to the revenue standard. The FASB plans to issue more proposals shortly.

FASB issues a final standard to simplify the measurement of inventory


New FASB guidance updates subsequent inventory measurement to lower of cost and net realizable value.

In brief: FASB finalizes one-year deferral of the new revenue standard


On July 9, the FASB decided to delay the effective date of the new revenue standard by one year.

In brief: Dodd-Frank clawback rule: recovery of erroneously awarded compensation


PwC explains the key provisions of the Dodd Frank Clawback Rule proposed by the SEC and how it may impact your company.

In brief: SEC considers changes to audit committee disclosure of auditor oversight


The SEC is seeking public input on possible changes to its audit committee disclosure requirements.