FASB Updates, AICPA Cheap Stock Guide, Int’l ESG Reporting News & More
Adam Olsen and Matt Fisser are here to dish all of the post-Fourth of July accounting & finance news you need to know, including:
- FASB’s plans to improve ASC 350-40, requiring an entity to use more judgment to determine when to recognize software costs
- Progress on FASB’s project for disaggregation of income statement expenses
- Sneak peek at the AICPA’s update to their Valuation of Privately Held Company Equity Securities Issued as Compensation—aka the Cheap Stock Guide.
- Announced improvements to the SEC website
- New interpretive guidance from the SEC to clarify its recent cybersecurity rules
- IASB finalizing the revision of IFRS Practice Statement 1, Management Commentary
- ISSB’s plan to harmonize and consolidate the global sustainability disclosure landscape
- Update on the FTC rule effectively banning noncompete agreements in the US
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