Energy companies: Q2 2021 accounting and reporting update
In this update, we highlight some of the more important 2021 second-quarter accounting, financial reporting, and regulatory developments that may impact energy companies. The content is not meant to be all-inclusive.
Is the recent uptick in market volatility a cause for concern?The strong equity rebound since March 2020 may be in the midst of a pause, but economic and policy conditions remain favorable for risk assets.
Does the recent weakening economic data suggest that the expansion is at risk?Growth in the United States may have already peaked, but the economic outlook remains solidly expansionary.
Navigating the AICPA’s revised State and Local Government Client Affiliates Independence GuidanceBe prepared for the new AICPA interpretation of what defines an “affiliate,” effective Jan. 1, 2022.
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