Accounting Matters Embark

Once again, your AM Now hosts Adam Olsen and Nicole Harger are here with the accounting and finance stories you don’t want to miss, including:

The SEC adopted final climate disclosure rules after receiving 24,000 comments.The SEC's climate rule faces legal challenges from fracking companies and critics.FASAB proposes guidance for reporting seized and forfeited digital assets.Financial Accounting Foundations seeks feedback on the PCC's effectiveness.A Court declares the CTA unconstitutional, impacting reporting mandates.IASB proposes amendments to IFRS 3 to enhance acquisition and impairment reporting.Canadian Sustainability Standards Board proposes sustainability reporting standards, seeking feedback.
For more information on these and related topics:

SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for Investors
SEC climate disclosure rule faces legal gantlet
Digital assets addressed by FASAB
FAF Wants to Know How the Private Company Council Can Be More Effective
Corporate Transparency Act Ruled Unconstitutional
IASB consults on proposals to improve reporting of acquisitions
Canada Releases Proposed IFRS-Based Sustainability Reporting Standards

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In this episode of "Accounting Matters," we cover the unveiling of the SEC's long-awaited climate-related disclosure rule. Exploring its implications for businesses and investors alike, we dissect the significance of this regulatory milestone and its potential impact on financial reporting standards.

In this episode, we explore the impact of a significant FASB update, ASU 2023-07, on segment reporting standards. This update responds to investor demands for clearer financial transparency, introducing stricter disclosure rules for public entities.

As always, your AM Now hosts Adam Olsen and Nicole Harger are back with the week’s biggest accounting and finance stories, including:

The 3/6 SEC meeting on the climate disclosure rulesRecap of the recent IFRS Sustainability SymposiumThe provisional agreement to establish an EU carbon removals certification frameworkAnti-greenwashing laws recently adopted by the European CouncilThe FASB’s recent board meeting discussing a final ASU on profits interest awards
For more information on these and related topics:

SEC Open Meeting Agenda, 3/6/2024
IFRS Sustainability Symposium convenes in New York City as market participants get ready to use the ISSB Standards
Climate action: Council and Parliament agree to establish an EU carbon removals certification framework
EU Adopts New Law to Protect Consumers Against Misleading Green Claims
Scope Application of Profits Interest Awards: Compensation—Stock Compensation (Topic 718)

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A lot goes into a successful business transaction. A lot. So in this first part of our latest M&A series, your faithful Embarkers are taking a deep dive into all of those pre-transaction activities that help ensure you start off on the right foot. A little bit of due diligence goes a long way so pull up a chair!

For more information on buy-side transactions and related topics:

Buy-Side Due Diligence: Report Checklist and Guide for M&A and Other Transactions
Purchase Accounting: Valuations, Adjustments & Accounting for M&As
Post-Merger Integration Checklist

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Just as you suspected, your AM Now hosts Adam Olsen and Matt Fisser are back to bring the accounting and finance news heat, including stories on:

The SEC proposal on increasing the threshold for qualifying venture capital fundsThe Small Business Capital Formation Advisory Committee discusses updates to the Accredited Investor Definition and examines the current state of the IPO marketFinCEN's new BOI reporting requirement targets small businesses to enhance financial transparency, with certain exemptions and deadlines for compliance.The IASB delays the release of a new standard, expected to be IFRS 19, aimed at simplifying financial disclosures for subsidiaries without public accountability.Malaysia is considering adopting ISSB standards for sustainability reporting, seeking public feedback on implementation, with a phased approach for mandatory compliance.
For more information on these and related topics:

SEC Proposes Rule to Raise Threshold for Qualifying VC Funds
Agenda - Meeting of SEC Small Business Capital Formation Advisory Committee
BOI: Beneficial Ownership Information
Malaysia Launches Consultation on Adoption of IFRS Sustainability Reporting Standards

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Listen to AM Now on Apple Podcasts, Google Play, and Spotify.