The SEC announced this week that it will consider finalizing its long-awaited climate-related disclosure rules at a March 6 meeting. Since issuing the proposal in March 2022, the SEC has been considering feedback from over 16,000 comment letters and over 400 meetings with stakeholders. While rumors swirl regarding possible changes in the final rules, we won’t

On February 29, we launched the first chapter of our new global Sustainability Reporting Guidance (SRG). This comprehensive guidance is intended to be a one-stop source for information on and interpretations of the major global required sustainability reporting frameworks:

The SRG will be released in phases over the course of 2024 with more than 15 chapters addressing key sustainability reporting considerations, including general requirements, materiality assessments, and individual sustainability topics like climate, greenhouse gas emissions, biodiversity, human capital, and governance.

The first chapter, Scope, details the technical provisions, provides examples, and includes answers to frequently asked questions to help companies determine which frameworks apply. This chapter supplements our existing publications: Worldwide impact of CSRD - are you ready?, IFRS Sustainability Disclosure Standards ‒ Guidance, insights and where to begin, and California's not waiting for the SEC's climate disclosure rules.

Our podcast miniseries on financial statement presentation continues with insights on balance sheet offsetting. Learn about the complexities involved in determining whether and how to offset balance sheet amounts.

For more information, read chapters 19 and 22 of our Financial statement presentation guide.

Q1 2024 Quarterly sustainability webcast — March 5

Ahead of the SEC’s March 6 meeting, we share the latest developments on ESG reporting as well as insights on how to keep track of final requirements, proposed legislation, and even voluntary frameworks. This includes updates on disclosure requirements for companies (including private companies) “doing business” in California and many companies operating in the European Union. In addition, there are proposals from various state legislatures and other jurisdictions around the world on sustainability reporting that could scope in even more companies or add to the growing list of reporting requirements.

Register to earn up to 1.5 CPE credits.

First look at the SEC’s climate disclosure rules webcast — March 12

Climate-related disclosures are on the SEC’s agenda for its March 6 meeting, meaning that next week could be the approval and release of the long-awaited SEC rules. For a first look at the requirements, join our webcast featuring sustainability specialists and our keynote speaker, Elad Roisman, Partner at Cravath, Swaine & Moore LLP and former SEC Commissioner.

Register to earn up to 1 CPE credit.

Q1 2024 Quarterly accounting webcast — March 13, March 19, or March 28

Join us for discussion of key accounting and reporting reminders as companies close out Q1 2024. Our specialists will share insights on new FASB guidance, Pillar Two and other income tax updates, SEC reporting developments, and more.

Register to earn up to 1.5 CPE credits.

In case you missed it, here is some of our top content issued or updated in February.

PCAOB staff will host a virtual public roundtable on March 6 regarding the proposal to amend PCAOB auditing standards related to the auditor’s responsibility for considering a company’s noncompliance with laws and regulations (NOCLAR). The objective of the roundtable is to obtain additional insight as the PCAOB staff works toward a final recommendation for the Board.

In light of the roundtable, the Board is reopening the comment period; it will extend through March 18. Commenters are encouraged to specifically consider the questions and topics included in the roundtable briefing paper but are welcome to address any aspect of the proposal.