Audit committee quarterly update

This update provides a summary of some of the more important fourth quarter 2022 accounting, financial reporting, and regulatory activities. The content is not meant to be all-inclusive.

Topics include:

• SEC chief accountant discusses auditor’s responsibility for fraud detection
• Compensation recovery listing standards and disclosure rules
• SEC staff issues guidance on crypto assets
• Updates to compliance and disclosure interpretations
• Impact of critical audit matters
• Center for Audit Quality: 2022 Audit Committee Transparency Barometer Report
• Center for Audit Quality’s second annual analysis of S&P 500 ESG reporting
• SEC hot topics
  • Uncertain economic environment
  • Environmental, social, and governance
  • Non-GAAP measures
  • Disaggregation of financial information
  • Digital assets