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PwC's accounting weekly news: December 8, 2023
Publication date: 08 Dec 2023
us Newsletter
The end of the year is quickly approaching, and we’ve got you covered with resources to help you prepare for year-end reporting. Next week, we kick things off with the live broadcast of our CPE-eligible Q4 2023 Quarterly accounting webcast. We will share key accounting and reporting reminders, including those discussed at this week’s AICPA & CIMA Conference on Current SEC and PCAOB Developments. For more CPE-eligible webcasts to help you prepare, see the key dates section below.
In each episode of our 2023 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC’s Division of Corporation Finance. This week, host Heather Horn was joined by Beth Paul, a Deputy Chief Accountant in PwC’s National Office, to discuss the rise in SEC comment letters on business combinations and share insights for preparers on how to avoid common pitfalls.
Continuing our podcast miniseries on the Corporate Sustainability Reporting Directive, or CSRD, we discuss the broader landscape of EU regulations. In this episode, Heather Horn was joined by PwC Netherlands partners Niels Muller and Linda Thonen to review these regulations, and how they will impact entities that are in scope.
“It's not simply ticking a box; the fact is that you need to anchor sustainability requirements into your company's operations.” - Linda Thonen, PwC Partner, on preparing for the EU's proposed Corporate Sustainability Due Diligence Directive
PwC’s CPE-eligible National Office webcasts
Register for our year-end US GAAP and IFRS accounting webcasts.
- Q4 2023 Quarterly accounting webcast — 12/13, 12/15, or 12/19
Join our quarterly webcast to hear key accounting and reporting reminders, including those discussed at the AICPA & CIMA Conference on Current SEC and PCAOB Developments, as companies close out the year. Register to earn up to 1.5 CPE credits. - IFRS year-end accounting webcast — 1/18/24
Join us as our IFRS® Accounting Standards specialists address year-end accounting and reporting reminders and recent activities at the International Accounting Standards Board. We’ll also let you know what to expect in IFRS reporting in 2024. Register to earn up to 1 CPE credit.
For more information related to IFRS year-end issues, read our publication that outlines topical issues to consider this year, as well as newly applicable accounting standards.
Need additional CPE credits? Visit our National Office Accounting and reporting webcasts page on Viewpoint to view our full library.
Join us as our panel of PwC specialists discuss tax accounting considerations and recent tax developments. We will cover key tax accounting reminders related to the year-end reporting cycle, including valuation allowances, uncertain tax positions, accounting for tax credits, Pillar Two, recent FASB updates, and other tax developments. Register here to earn up to 1 CPE credit.
In this episode of the PwC Pulse podcast, PwC’s US Chief People Officer, Yolanda Seals-Coffield was joined by Amazon Vice-President of People Experience and Technology, J. Ofori Agboka, for a discussion on how companies are tailoring benefits and development programs for different types of workers, and technology’s role in that process.
In today’s unpredictable business environment, effective talent management is an organizational imperative. Our latest report explores evolving talent management needs, emphasizing proactive board oversight to ensure responsiveness and transparency to stakeholders.
Here’s what we’re following
On December 4, the AICPA Assurance Services Executive Committee issued an exposure draft to propose criteria for the reporting on the sufficiency of assets for redemption (e.g., cash, cash equivalents, other assets) specific to asset-backed tokens pegged to a fiat currency (commonly referred to as “stablecoins”). The exposure draft addresses three primary topics along with related disclosures:
- Issuer’s redeemable tokens outstanding
- Redemption assets available to redeem tokens outstanding
- Comparison of the balance of redemption assets available to redeem tokens and the issuer’s redeemable tokens outstanding
Comments on the proposed framework are due by January 29.
Recent releases
In case you missed it – top November content:
- European Union regulations beyond CSRD
- To GAAP or to non-GAAP
- Updated: SEC comment letter trends
- CSRD spotlight: Making an informed decision on how to report (podcast)
- Updated: California's not waiting for the SEC's climate disclosure rules: Read or listen
Key dates
|
December 8
| PwC Crypto webcast series: 2023 Year-end digital asset technical accounting and tax webcast (CPE eligible)
Register here |
December 12
| Tax Readiness: Future of Tax – Topics shaping the tax agenda webcast (CPE eligible)
Register here |
December 13, 15, or 19
| Q4 2023 Quarterly accounting webcast (CPE eligible)
Register here |
December 13
| Tax Readiness: Q4 Financial reporting considerations webcast (CPE eligible)
Register here |
December 13
| Public roundtable on FASB’s proposed Accounting Standards Update, Disaggregation of Income Statement Expenses
Register here |
December 14
| Year-end audit committee webcast (CPE eligible)
Register here |
December 14
| Health industries accounting hot topics webcast (CPE eligible)
Register here |
January 18
| IFRS year-end accounting webcast (CPE eligible)
Register here |
January 29
| Deadline to comment on AICPA exposure draft, Proposed criteria for the presentation of the sufficiency of assets for redemption
|
February 15 or March 5
| Q1 2024 Quarterly sustainability webcast (CPE eligible)
Register here |
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PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
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