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This Financial Reporting Alert highlights some of the important accounting considerations related to the calculations and disclosures entities provide under U.S. GAAP in connection with their defined benefit pension and other postretirement benefit plans.

This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Interim Reporting (Topic 270): Narrow-Scope Improvements, which would clarify the interim reporting requirements in ASC 270. The FASB issued the proposal in response to concerns from stakeholders regarding the complexity of applying these requirements. Comments on the proposed ASU are due by March 31, 2025.

The Center for Audit Quality (CAQ) has released its Audit Committee Transparency Barometer 2024.

The FASB has published an invitation to comment (ITC) that requests feedback on key performance indicators (KPIs) for business entities as part of the Board’s research project on that topic.