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Accounting and regulatory update for public and private companies

January 19, 2023 Article 15 min read
Authors:
Diane Kirk Curt Hurd
Download our fourth quarter 2022 update for an overview of important activities that may impact both public and private companies.
Two business professionals talking while walking across the street.Our fourth 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 fourth quarter 2022
    • FASB proposes amendments to lease accounting standard for arrangements between entities under common control
  • Regulatory update
    • SEC chief accountant discusses auditor’s responsibility for fraud detection  
    • Compensation recovery listing standards and disclosure rules   
    • Rules to enhance proxy voting disclosure by registered investment funds and require disclosure of “say-on-pay” votes for institutional investment managers
    • 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
  • Standards issued in 2022
  • Standards issued in prior years effective 2022 or after

Archived accounting updates for public and private companies:

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