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Private company insights is updated annually to help private company finance leaders prepare for financial year closure. In this year's installment, we focus on essential resources to help you navigate the accounting and reporting implications arising from the current macroeconomic and geopolitical landscape. Additionally, we shed light on recent SEC updates, private company-specific standard setting changes, and developments in US GAAP that may affect non-public business entities. For standards that took effect in 2023, we offer a concise summary of the most pertinent, providing valuable insights into what their adoption might signify for your company.
We hope this publication serves as a helpful resource as you wrap up the financial reporting season and look ahead to 2024.
Building trust with stakeholders is crucial in an ever-changing business landscape. A quality external audit is an important aspect of building this trust, and so is staying at the forefront of emerging issues—in accounting, financial reporting, sustainability reporting, and regulatory trends. The PwC audit for private companies is the right blend of technology, people and insights, all tailored for private companies.