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Accounting and regulatory update for public and private companies

July 19, 2022 Article 20 min read
Authors:
Diane Kirk Curt Hurd
Download our second quarter 2022 update for an overview of important activities that may impact both public and private companies.

Businesswoman sitting at her desk looking at a computer monitor.Our second quarter update provides a summary of newly released accounting guidance, as well as financial reporting and regulatory activities that may impact both public and private companies.

Topics include:

  • Accounting guidance
    • Accounting guidance issued in second quarter 2022
    • New lease accounting standard effective for 2022
    • FASB drops project on subsequent accounting for goodwill
  • Regulatory update
    • Sample letter to companies regarding disclosures pertaining to Russia’s invasion of Ukraine and related supply chain issues
    • SEC proposals
      • Enhance and standardize climate-related disclosures
      • Enhance disclosures by certain investment advisers and investment companies about environmental, social, and governance (ESG) investment practices
      • Rule changes to prevent misleading or deceptive fund names
    • Digital assets and crypto investments
  • Other developments
    • Accounting and reporting implications of the Russia/Ukraine war

Archived accounting updates for public and private companies:

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