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PwC's accounting weekly news: March 15, 2024
Publication date: 15 Mar 2024
us Newsletter
Happy Friday, Last week, we highlighted the SEC’s new climate disclosure rules that were issued on March 6. This week, we continue our coverage of these rules that were nearly 2 years in the making with new resources – including a comprehensive summary and podcast that break down the requirements and implications.
Inside the SEC’s final climate disclosure rules
If you haven’t made it through the nearly 900 pages in the adopting release, we have you covered. We address the new requirements in various formats.
- Our In depth, Navigating the SEC climate-related disclosure requirements, provides a comprehensive analysis of the new disclosure rules with helpful Q&As, illustrations, and examples as well as key changes from the proposal.
- Prefer to listen to a podcast or watch a video with insights?
- Our podcast, SEC climate-related disclosure rules: what you need to know, is a conversation among subject matter specialists of what’s in, what’s not, and what it all means.
- Our Policy on demand video explores the practical implications of the new rules.
- And for the board, our Governance Insights Center offers a summary, What boards need to know about the SEC’s climate-related disclosure rules.
Updated guidance on the statement of cash flows
Our Financial statement presentation guide includes updated guidance on the statement of cash flows. Access it digitally on Viewpoint or download the full guide PDF.
Summary of the PCAOB roundtable on its NOCLAR proposal and PwC recommendations
We summarize the PCAOB roundtable to solicit feedback on its proposal on auditor consideration of a company's noncompliance with laws and regulations (NOCLAR) and share our recommendations for a way forward.
Impairment of long-lived assets podcast
Got property, plant, and equipment? A new podcast miniseries explores the key judgments and complexities on the topic. We kick off with the Impairment of long-lived assets that are held and used.
For more information, read chapter 5 of our Property, plant, equipment and other assets guide.
Q1 2024 Quarterly accounting webcast — March 19 or March 28
Missed our quarterly webcast this week? You have two more opportunities to join us for discussion of key accounting and reporting reminders as companies close out Q1 2024. Our specialists will share insights on new and developing FASB guidance, Pillar Two and other income tax updates, SEC reporting developments, including the final climate-related disclosure rules, and more.
Register to earn up to 1.5 CPE credits.
Check out our National Office Accounting and reporting webcasts page on Viewpoint for the full library.
PwC’s FASB effective date pages
We’ve updated our FASB effective date pages (for calendar year-end public companies and nonpublic companies) for guidance that is effective in 2024 and beyond. The pages go ASU by ASU to list the effective dates and include helpful PwC insights on each.
PwC’s 2024 Trust Survey
93% of business executives agree that building and maintaining trust improves the bottom line, according to PwC’s 2024 Trust Survey. Find out what leaders can do to deliver trust.
Here’s what we’re following
IASB issues exposure draft on acquisitions
This week the International Accounting Standards Board (IASB) issued an exposure draft, Business Combinations – Disclosures, Goodwill, and Impairment. The exposure draft is a package of proposals intended to enhance information provided to investors about acquisitions; it includes amendments to IFRS 3, Business Combinations, and related amendments to IAS 36, Impairment of Assets. Comments are due by July 15.
Canada issues proposal on sustainability reporting based on IFRS® Sustainability Disclosure Standards
The Canadian Sustainability Standards Board released new proposed standards, Canadian Sustainability Disclosure Standards (CSDS), based on the sustainability disclosure standards released by the International Sustainability Standards Board. Comments are due by June 10.
Key dates
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March 18
| Deadline to comment on FASB proposed ASU, Debt with Conversion and Other Options
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March 18
| Deadline to comment on PCAOB proposal, Amendments to PCAOB Auditing Standards related to a Company’s Noncompliance with Laws and Regulations (comment period reopened)
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March 19 or 28
| Q1 2024 Quarterly accounting webcast (CPE eligible)
Register here |
March 20
| 2024 Proxy season webcast: Asking the right questions (CPE eligible)
Register here |
March 26
| Finance transformation practical use cases – Powered by generative AI webcast (CPE eligible) Register here
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March 26
| Q1 2024 Energy, utilities and resources (sector-specific) webcast (CPE eligible)
Register here |
May 9 or 15
| Q2 2024 Quarterly sustainability webcast (CPE eligible)
Register here |
June 10
| Deadline to comment on Canadian Sustainability Standards Board (CSSB) proposed Canadian Sustainability Disclosure Standards (CSDS)
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July 15
| Deadline to comment on IASB exposure draft, Business Combinations – Disclosures, Goodwill, and Impairment
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