During the second quarter of the 2024 calendar year, the Financial Accounting Standards Board did not issue or propose any new Accounting Standards Updates.
The Securities and Exchange Commission (SEC):
- Remarked on effective cooperation in SEC investigations, use of artificial intelligence, and mandatory disclosures
- Issued statements on tone at the top, application of IFRS 19, and cybersecurity incident disclosures
- Adopted final amendments related to customer information protections and the internet investment adviser exemption
- Issued a voluntary stay on its climate-related disclosure rules
- Had the private fund advisers rule vacated
- Proposed a rule related to customer identification programs for registered investment advisers and exempt reporting advisers
This report also covers updates from the Public Company Accounting Oversight Board, the Center for Audit Quality, and the Governmental Accounting Standards Board.
Get quarterly accounting updates
Stay up to date on all the latest accounting standards from the foremost regulatory bodies.
Get in touch with our specialists for clarity on new accounting standards, financial reporting developments, and how to move forward.
people
