Financial Reporting Insights: A bi-weekly resource

Most recent newsletter content

Proposed amendments to IFRS 17

Among other proposed amendments, the IASB has proposed deferring the effective date of IFRS 17, Insurance Contracts, by one year.

Financial Reporting Insights

This page provides access to Financial Reporting Insights, a biweekly resource for recent financial reporting developments.

NASBA and AICPA propose new CPA licensure model

The National Association of State Boards of Accountancy and AICPA recently proposed a new CPA licensure model.

Practice aid: Accounting for digital assets

A recent AICPA practice aid provides nonauthoritative guidance on how to account for digital assets and related transactions.

New broadly applicable financial instruments guidance taking effect

Our recently updated publication provides in-depth analysis of the provisions of FASB ASU 2016-13 and ASU 2016-01.

SEC proposes amendments to certain auditor independence requirements

The SEC recently proposed amendments to update certain aspects of its auditor independence framework in Rule 2-01.

Highlights of recent SEC Regulations Committee meeting

Certain financial reporting issues were discussed during a recent SEC Regulations Committee meeting with SEC staff members.

IAASB enhances and modernizes ISA 315

The IAASB recently issued a revised standard, ISA 315, for identifying and assessing risks of material misstatement.

ASB issues revised standard for agreed-upon procedures engagements

The ASB recently issued Statement on Standards for Attestation Engagements 19, Agreed-Upon Procedures Engagements.

Evaluation of the realizability of a Section 163(j) carryforward

Recent AICPA guidance addresses evaluation of the realizability of deferred tax assets related to disallowed interest deductions.