#DeloitteESGNow — FASB Makes Tentative Decisions Related to the Accounting for Environmental Credit Programs (October 25, 2023)
SEC Releases Final Rule on Prohibiting Conflicts of Interest in Certain Securitizations
The SEC has released a final rule Prohibition Against Conflicts of Interest in Certain Securitizations, which adds Section 27B to the Securities Exchange Act of 1933 in response to a mandate of Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
New SEC Rules, Reports, and Studies — Prohibition Against Conflicts of Interests in Certain Securitizations (33-11254)
The SEC is adopting a rule to implement Section 621 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 prohibiting an underwriter, placement agent, initial purchaser, or sponsor of an asset-backed security (including a synthetic asset-backed security), or certain affiliates or subsidiaries of any such entity, from engaging in any transaction that would involve or result in ce
On the Radar — Impairments and Disposals of Long-Lived Assets and Discontinued Operations (November 2023)
The convergence of various macroeconomic and geopolitical factors has created a volatile and uncertain environment in which a business’s ability to forecast results and make decisions can be difficult. Factors that have contributed to such challenges include bank failures or downgrades; businesses’ struggles to raise capital; companies’ announcements of layoffs, broader restructuring plans, impair
Roadmap: Impairments and Disposals of Long-Lived Assets and Discontinued Operations (November 2023)
This Roadmap provides Deloitte’s insights into the guidance in ASC 360-10 and ASC 205-20. ASC 360-10 specifies the accounting and reporting for long-lived assets that are being held and used by an entity and for long-lived assets that the entity intends to sell or otherwise dispose of. ASC 205-20 further provides guidance on when a component, or group of components, of an entity that is classified
FASB Issues ASU on Segment Disclosures
The FASB has issued Accounting Standards Update (ASU) No. 2023-07, "Improvements to Reportable Segment Disclosures."
Recent Final Accounting Standards Updates, Proposals, and Maintenance Updates — FASB ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures
FASB issues ASU 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures."
On the Radar — Hedge Accounting (November 2023)
This publication briefly summarizes key financial reporting considerations related to the accounting for hedges, including the type of hedge and the qualifications for applying hedging accounting.
SEC Issues C&DIs
The SEC recently released new and updated compliance and disclosure interpretations (C&DIs).
SEC Releases Enforcement Results for Fiscal Year 2023
The SEC has announced the release of its enforcement results for fiscal year 2023.
CAQ Conducts Research Related to Institutional Investors’ Perspectives on Corporate Reporting
The Center for Audit Quality (CAQ) has released a publication “Perspectives on Corporate Reporting, the Audit, and Regulatory Environment — Institutional Investor Research Findings.”
SEC Updates C&DIs Related to Proxy Rules and Schedules 14A/14C
The SEC’s Division of Corporation Finance has updated its compliance and disclosure interpretations (C&DIs) related to proxy rules and Schedules 14A/14C.
FASB Holds November 15 Meeting
At its November 15 meeting, the FASB continued redeliberations related to its November 2021 proposed ASU “Changes to Interim Disclosure Requirements.”
SEC Issues Final Rule on Enhancing Governance of Registered Clearing Agencies
The SEC has released a final rule that amends the Securities Exchange Act of 1934 to “improve the governance of all registered clearing agencies by reducing the likelihood that conflicts of interest may influence their boards of directors or equivalent governing bodies.”
FASB’s Investor Advisory Committee Holds November 2023 Meeting
At its November 2, 2023, meeting, the FASB’s Investor Advisory Committee (IAC) discussed the FASB’s proposed Accounting Standards Update on disclosures related to disaggregation of income statement expenses, key financial performance indicators for public business entities, including feedback the Board received as part of its 2021 agenda consultation process, emerging issues and trends (e.g., infl