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ThinkTwenty20 releases Fall 2024 issue
Nov 05, 2024
On November 5, 2024, ThinkTwenty20 released its fall 2024 issue, featuring articles exploring ethical standards in virtual environments, the Canadian Public Accountability Board's findings on the correlation between robust quality management systems and lower levels of significant audit findings, and others.
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FASB Issues Standard That Improves Disclosures about Income Statement Expenses
Nov 04, 2024
On November 4, 2024, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) that improves financial reporting and responds to investor input by requiring public companies to disclose additional information about certain expenses in the notes to financial statements in interim and annual reporting periods.
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PCAOB Updates Standard-Setting and Rulemaking Agendas Following Significant Modernization Progress in 2024
Nov 04, 2024
On November 4, 2024, the Public Company Accounting Oversight Board (PCAOB) staff posted updated standard-setting and rulemaking agendas, reflecting the significant progress that the Board has made in 2024 to further advance its strategic goal of modernizing standards and rules to better protect investors.
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IASB launches surveys on intangible assets
Oct 31, 2024
On October 31, 2024, the International Accounting Standard Board (IASB) asked investors, companies and other stakeholders to take part in its short survey on the accounting requirements for reporting on intangibles in company financial statements.
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Cassels Releases Article on NI 43-101: Insights on Promotional Language and Best Practices for Public Disclosure
Oct 31, 2024
On October 31, 2024, Cassels, a Canadian law firm, released an article emphasizing the importance for mining companies to balance promotional language with regulatory compliance, particularly adhering to National Instrument 43-101 (NI 43-101) standards, to avoid misleading investors and potential legal issues.
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CSA announces results of 10th annual review of the representation of women on boards and in executive officer positions in Canada
Oct 30, 2024
On October 30, 2024, the Canadian Securities Administrators (CSA) published the results of their 10th consecutive annual review of disclosures relating to women on boards and in executive officer positions, as well as the underlying data that was used to prepare the report.
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Updated IASB work plan — Analysis (October 2024)
Oct 29, 2024
Following the IASB's October 2024 meeting, we have analyzed the work plan on the IFRS Foundation website to see what changes have resulted from the meetings and other developments since the work plan was last revised in September 2024.
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ISSB publishes October 2024 podcast
Oct 29, 2024
On October 29, 2024, the International Sustainability Standards Board (ISSB) released a podcast hosted by Chair Emmanuel Faber and Vice-Chair Sue Lloyd discussing the latest developments around the ISSB.
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Nasdaq Releases 2024 Global Governance Pulse Survey
Oct 29, 2024
On October 29, 2024, Nasdaq released its 2024 Global Governance Pulse survey, which provides insight into five key areas of focus for boards.
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Information security incident management: A new regulatory framework for financial institutions and credit assessment agents
Oct 28, 2024
On October 28, 2024, Langlois, a Canadian legal firm, released a summary of the regulation respecting the management and reporting of information security incidents by certain financial institutions and credit assessment agents (“Regulation”) published in the Gazette officielle du Québec.
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Heads Up — FASB Proposes Improvements to Interim Reporting Requirements
published Nov 21, 2024
This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Interim Reporting (Topic 270): Narrow-Scope Improvements, which would clarify the interim reporting requirements in ASC 270. The FASB issued the proposal in response to concerns from stakeholders regarding the complexity of applying these requirements. Comments on the proposed ASU are due by March 31, 2025.
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Heads up - FASB Proposes Improvements to Interim Reporting Requirement
published Nov 18, 2024
This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU) Interim Reporting (Topic 270): Narrow-Scope Improvements, which would clarify the interim reporting requirements in ASC 270. The FASB issued the proposal in response to concerns from stakeholders regarding the complexity of applying these requirements.
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Scaling the cliff: US tax policy implications of a Donald Trump presidency
published Nov 15, 2024
Scaling the cliff: Tax policy implications of a Donald Trump presidency offers an overview of how President-elect Trump may approach the tax policy debate in 2025, based on his stated positions about the TCJA, the additional tax proposals he laid out during the campaign, and the planks approved in the official 2024 Republican Party platform.
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Roadmap: Revenue Recognition (2024)
published Nov 14, 2024
This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 606 on revenue from contracts with customers, the cost guidance in ASC 340-40, and the guidance in ASC 610-20 on gains and losses on transfers of nonfinancial and in-substance nonfinancial assets to noncustomers. Appendix F highlights substantive revisions to previous content.
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ASPE Accounting Insights – Accounting Guideline 21 (AcG-21) Accounting for Life Insurance Contracts with Cash Surrender Value
published Nov 12, 2024
This new guideline provides guidance on the initial and subsequent measurement of the cash surrender value at the measurement date.
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Financial Reporting Alert, Frequently Asked Questions About “Pillar Two"
published Nov 08, 2024
This Financial Reporting Alert provides responses to some frequently asked questions about how an entity should account for the tax effects of the global anti-base erosion model rules (“Pillar Two”) established by the Organisation for Economic Co-operation and Development (OECD). This Financial Reporting Alert has been updated to address additional questions about how an entity should account for the tax effects of the Pillar Two framework.
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Heads Up — FASB Issues Final Standard on Disaggregation of Income Statement Expenses (DISE)
published Nov 08, 2024
This Heads Up discusses the FASB’s recent issuance of Accounting Standards Update (ASU) No. 2024-03, which requires disaggregated disclosure of income statement expenses for public business entities (PBEs). The ASU requires PBEs to disaggregate certain expense captions into specified categories in disclosures within the footnotes to the financial statements.
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Roadmap: SEC Comment Letter Considerations, Including Industry Insights
published Nov 08, 2024
This Roadmap contains extracts from SEC comment letters, analysis of those extracts, and links to resources that are relevant to SEC filers. Other features include (1) an update on some of the SEC’s priorities; (2) a summary of comment letter trends related to the top 10 topics of frequent comment in the 12-month period ended July 31, 2024; and (3) topics of focus related to disclosures associated with financial statement accounting, SEC reporting, initial public offerings, foreign private issuers, and industry-specific matters.
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CFO Insight; Using cost optimization to preserve long-term value
published Nov 07, 2024
Traditional approaches to cutting costs can backfire in an increasingly volatile environment. Given today’s landscape, how can CFOs take a more strategic, holistic approach to managing costs while preserving agility? This report covers why cost optimization and its seven levers may be the answer finance chiefs want in an all-new CFO Insights.
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Focusing on sustainable value; Actions to help support globally consistent, decision-useful sustainability reporting
published Nov 06, 2024
This report outlines how organizations may consider moves to help them navigate the increasingly complex landscape of mandatory sustainability reporting, and how the corporate reporting ecosystem can effectively support organizations' efforts.
