Heads Up

This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2026-03, Fair Value Measurement (Topic 820): Investment Companies With Equity Securities Subject to Contractual Sale Restrictions. Specifically, the ASU amends ASC 820 to require investment companies within the scope of ASC 946 to consider the effect of a contractual sale restriction when measuring an equity security’s fair value.

This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update (ASU) Statement of Cash Flows (Topic 230): Cash Equivalents — Disclosure Enhancement and Evaluation of Certain Digital Assets.

This Heads Up discusses the European Commission’s (EC’s) recent finalization of two delegated acts that revise the European Sustainability Reporting Standards (ESRS) and establish a voluntary reporting standard. The acts represent the latest milestones in a broader package of sustainability reporting reforms that began with the EC’s February 2025 proposed omnibus legislation.

This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update (ASU) that would clarify the guidance in ASC 715-30 on the discount rate used to measure the benefit obligation for certain market-return cash balance plans.

This Heads Up discusses the SEC’s two recently proposed rules, (1) Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies and (2) Registered Offering Reform. The SEC’s proposed rules are part of the administration’s broader agenda to promote capital formation and rationalize disclosure requirements.

This Heads Up newsletter discusses the FASB's recently issued ASU 2026-02, which establishes accounting requirements for environmental credits and environmental credit obligations (ECOs).