Financial Reporting Alert

This publication discusses various accounting and financial reporting considerations for entities directly or indirectly affected by the current conflict in the Middle East, specifically those related to forecasting, inflation, supply-chain disruptions, risks and uncertainties, going-concern disclosures, and subsequent events.

This publication highlights some 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. Such considerations include those associated with (1) “buy-in” and “buy-out” transactions and (2) the application of ASC 715 to market-return cash balance plans.

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 Financial Reporting Alert highlights recent developments related to measures of general inflation (i.e., inflation as measured by consumer price indexes) in Egypt and Nigeria as of September 30, 2024, and discusses accounting considerations for entities that operate in highly inflationary economies.

This Financial Reporting Alert addresses accounting and financial reporting considerations related to the impact of the current macroeconomic environment on entities in the commercial real estate (CRE) and banking industries.

This Financial Reporting Alert has been updated to address additional questions about how an entity should account for the tax effects of the Pillar Two framework.