FASB Accounting Standards Update (ASU) No. 2021-07, Compensation — Stock Compensation (Topic 718): Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards — a consensus of the Private Company Council.
Internal Revenue Code Section 409A, “Inclusion in Gross Income of Deferred Compensation Under Nonqualified Deferred Compensation Plans.”
FASB Accounting Standards Codification (ASC) Topic 718, Compensation — Stock Compensation.
See ASC 718-10-30-20G.
See ASC 718-10-30-20H.
See ASC 718-10-50-2(f)(2)(vi).
AICPA Statement on Auditing Standards (SAS) No. 122, Section 540, “Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures.” Note that SAS 143, “Auditing Accounting Estimates and Related Disclosures,” supersedes SAS 122 and is effective for audits of financial statements for periods ending on or after December 15, 2023. However, ASU 2021-07 makes no changes to the requirements for auditing estimates under either SAS 122 or SAS 143.
In paragraph BC22 of the ASU, the Board observed that “the practical expedient would not change the fair value measurement objective for the current price input and does not affect existing audit requirements."
See ASC 718-10-30-20C.
As defined in ASC 718-10-20.
SEC Staff Accounting Bulletin (SAB) Topic 14.B, “Transition From Nonpublic to Public Entity Status” (reproduced in part in ASC 718-10-S99-1).