Financial Reporting Alerts highlight up-to-the-minute accounting, regulatory, or other developments that may require immediate action by our professionals and clients or that may affect current financial reporting and disclosure.
18 Nov 2024
This Financial Reporting Alert highlights some of the important accounting considerations related to the calculations and disclosures entities provide under U.S. GAAP in connection with their defined benefit pension and other postretirement benefit plans. Such considerations include those associated with (1) the current macroeconomic environment, (2) “buy-in” and “buy-out” transactions, (3) the Inflation Reduction Act of 2022, and (4) certain defined benefit pension plans in the Netherlands and the United Kingdom.
08 Nov 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.
08 Nov 2024
This Financial Reporting Alert highlights recent developments related to measures of general inflation (i.e., inflation as measured by consumer price indexes) in Egypt and Nigeria as of September 30, 2024, and discusses accounting considerations for entities that operate in highly inflationary economies.
16 Apr 2024
This Financial Reporting Alert addresses accounting and financial reporting considerations related to the impact of the current macroeconomic environment on entities in the commercial real estate (CRE) and banking industries.
05 Dec 2023
This Financial Reporting Alert highlights some of the important accounting considerations related to the calculations and disclosures entities provide under U.S. GAAP in connection with their defined benefit pension and other postretirement benefit plans. Such considerations include those associated with inflation and rising interest rates, the Inflation Reduction Act of 2022, the ongoing effects of the COVID-19 pandemic, and other developments.
15 Sep 2023
This Financial Reporting Alert discusses various macroeconomic and geopolitical factors that have created a volatile and uncertain environment in which a business’s decision-making and accounting and financial reporting have become increasingly challenging. As businesses navigate these challenges, they should be mindful of certain considerations related to risk assessment, internal controls, and SEC disclosures.
30 May 2023
This Financial Reporting Alert summarizes some of the challenges faced by commercial real estate entities — as well as by investors and lenders with assets backed by commercial real estate — in the current macroeconomic environment.
04 Apr 2023
This Financial Reporting Alert addresses certain tax-related provisions under the CHIPS Act and Inflation Reduction Act, both signed into law in August 2022. These provisions include a plethora of clean energy tax incentives in the form of tax credits, some of which include a direct-pay option or transferability provisions.
28 Mar 2023
This Financial Reporting Alert discusses accounting and financial reporting considerations related to recent developments in the banking sector, including failures, takeovers, and challenges. Both banking and nonbanking companies may need to assess their exposures to these events and determine the related accounting and reporting impacts.
01 Feb 2023
This Financial Reporting Alert discusses ASC 740 accounting considerations related to tax laws that conform to the “Pillar Two” rules developed by the Organisation for Economic Co-operation and Development (OECD), which include establishing a global minimum corporate tax rate of 15 percent.
01 Dec 2022
This Financial Reporting Alert provides considerations related to the potential effects of the current macroeconomic and geopolitical conditions on an entity’s accounting, financial reporting, disclosures, and internal controls.
22 Nov 2022
This Financial Reporting Alert highlights some of the important accounting considerations related to the calculations and disclosures entities provide under U.S. GAAP in connection with their defined benefit pension and other postretirement benefit plans.
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