PwC's accounting podcast PwC

Text us your thoughts on this episodeThis episode covers the latest developments in the world of crypto assets from the current landscape to the regulatory environment to the accounting. In this episode, we discuss: 4:13 – An overview of the market8:42 – US legislative activity related to SEC Staff Accounting Bulletin 12114:30 – Use cases for crypto assets and related technology19:15 – Accounting for crypto assets and recent guidance from the FASB31:15 – Key disclosure requirements36:07 ...

Text us your thoughts on this episodePwC provides a summary of the latest accounting, financial reporting, and regulatory updates to support your quarterly reporting.We begin this edition of The quarter close with a mid-year check-in on SEC comment letter trends. Spoiler alert: non-GAAP financial measures continue to draw the most comments from the SEC staff. We also highlight key considerations for service or supply arrangements that may have embedded leases. In sustainability reporting news...

Text us your thoughts on this episodeWe conclude our miniseries on consolidation accounting with an episode on identifying the primary beneficiary of a VIE, the reporting entity required to consolidate the VIE. In this episode, we discuss:3:15 – Determining which entity should consolidate the VIE6:07 – The primary beneficiary power criterion17:35 – The primary beneficiary economics criterion 21:17 – Related party impacts on the VIE model26:00 – Ongoing reassessment of the primary benefic...

Text us your thoughts on this episodeIn this podcast, host Heather Horn sits down with Emily Kirsch, a director in PwC's sustainability practice, to discuss how companies are approaching the Corporate Sustainability Reporting Directive (CSRD) implementation process. The clock is ticking as companies navigate the various phases of the process, including scoping, the double materiality assessment, the gap assessment, and remediation.In this episode, we discuss:2:08 – CSRD implementation p...

Text us your thoughts on this episodeWe continue our miniseries on consolidation accounting and dive into the evaluation of variable interests and the characteristics of a variable interest entity (VIE).In this episode, we discuss: 1:24 – An overview of the VIE model 3:30 – Determining whether there is a variable interest 11:25 – Identifying “at-risk” equity 15:28 – Evaluating whether an entity is a VIE by assessing the following characteristics exist: 16:00 – Insuffi...

Text us your thoughts on this episodeIn this episode, Heather sits down with Marie Hache, PwC Sustainability partner, to discuss the practical challenges companies will face in implementing new mandatory sustainability reporting requirements. They cover leading practices including data quality considerations and getting ready for assurance.In this episode, we discuss:1:55 - Marie's background in sustainability and her work with companies on implementing new rules and standards2:29 - How compa...