![]() Heather tries to stump Angela and Kyle with some niche accounting questions. 36:18 - What themes emerged in the SEC enforcement session? Kyle gives an update on key messages coming from the SEC's Division of Enforcement.27:54 - What’s on the FASB’s agenda? Angela discusses constituent feedback on the FASB’s future agenda and highlights a few FASB project updates.These include materiality, non-GAAP, and segments, among others. 15:30 - What is the SEC focusing on? Kyle provides the latest update on the anticipated climate disclosure proposal and walks listeners through some of the SEC staff’s top areas of comment in financial statement reviews.4:10 - What accounting topics were addressed? Angela, Kyle, and Heather talk through some of the accounting topics discussed at the conference with a highlight on SPACs, digital assets, revenue recognition, tax reform, and recently issued SAB 120 on “spring loaded” stock based compensation awards.Angela discusses the background on the conference and provides an overview of this year’s themes. Conference overview The AICPA & CIMA held the 2021 Conference on Current SEC and PCAOB Developments both virtually and in-person in Washington, D.C. 1:21 - Background on the conference and themes.Transfers and servicing of financial assets Revenue from contracts with customers (ASC 606) Regulators and standard setters discussed a broad range of financial reporting topics and emerging issues last week at the annual AICPA & CIMA1 Conference on Current SEC and PCAOB Developments (Conference), which was held in person in Washington, DC, and virtually. Loans and investments (post ASU 2016-13 and ASC 326) Investments in debt and equity securities (pre ASU 2016-13) Insurance contracts for insurance entities (pre ASU 2018-12) Compilation and Review Engagements (AICPA, Professional Standards, AR sec. Insurance contracts for insurance entities (post ASU 2018-12) 19, Framework for Performing and Reporting on. IFRS and US GAAP: Similarities and differences Business combinations and noncontrolling interestsĮquity method investments and joint ventures
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