We continue our podcast miniseries on accounting for financing transactions with a discussion of key judgments in accounting for different types of preferred stock at various points in the life cycle.

For more information, read chapter 7 of our Financing transactions guide and listen to our podcast, Presenting earnings per share (EPS).

Our publication provides an overview of recent SEC enforcement trends and expected areas of focus in the year ahead. Companies and boards may find it helpful to consider lessons learned from past and expected SEC actions as they evaluate the effectiveness of their control environments and compliance programs.

For more on SEC enforcement trends, listen to our recent podcast, 2023 Year-end toolkit: Lessons learned from SEC enforcement.

The objective of Pillar Two tax legislation, now implemented in over 35 countries, is for large multinational enterprises to pay a minimum level of tax on the income arising in each jurisdiction where they operate. This brings significant complexity in determining the income tax provision for interim and annual financial reporting in calendar year 2024. We’ve updated our publication covering various aspects of accounting for Pillar Two with new questions on valuation allowance considerations.

We’ve updated our Equity method investments and joint ventures and Property, plant, equipment and other assets guides with new insights. Download the full guide PDFs or access them digitally on Viewpoint.

Q2 2024 Quarterly accounting webcast (up to 1.5 CPE credits) – June 12, June 18, or June 27
Join our National Office specialists for a discussion of key accounting and reporting reminders as companies close out Q2 2024.

Q2 2024 Industry-specific webcasts – June 20
Join us for a webcast specific to your industry that builds on the content in our core quarterly accounting webcast.

For more CPE-eligible webcasts, visit our National Office Accounting and reporting webcasts page on Viewpoint.

The SEC adopted amendments to Regulation S-P to modernize and enhance the rules that govern the treatment of consumers’ nonpublic personal information by certain financial institutions. The amendments update the rules’ requirements for broker-dealers (including funding portals), investment companies, registered investment advisers, and transfer agents to address the expanded use of technology and corresponding risks that have emerged since Regulation S-P was originally adopted in 2000. Covered institutions will have 18 to 24 months, depending on size, to comply with the amendments following the rules being published in the Federal Register.