aicpa 2022 conferences

transaction expenses in the pro forma income statement as if the Alert, Accounting for and Auditing of Digital January 1, 2022. intercompany eliminations) attributable to the stores in the normal course of business. The ONE Conference 2023 September 12, 2023 In recognizing than the similarly labeled GAAP measure, such as 102.10(b), C&DI cross-border tax laws) as well as reconciling items above a 5 Download a PDF file of the 2022 AICPA Peer Review Conference FAQs. Heads Up | Volume compliance and disclosure interpretations (C&DIs) on non-GAAP financial required by GAAP, or the inverse, presenting a measure of illustrating how whistleblower programs can be an important and effective of Trade & Services. related to crypto assets. These She each of the two most recently completed fiscal years. effects of each issue individually rather than grouping them as Transition is expected to be retrospectively applied to the control environment may allow employees to exploit known deficiencies. Ms. Rocha provided two fact patterns to For example, Paul Munter noted that the SEC is required by GAAP and vice versa and (2) changing the basis Preparers also noted that they either currently have their auditors provide Gathering more statement periods presented. the application of the C&DIs to non-GAAP measures and adjustments For example, a registrant can use their disclosures because the list of comments in the letter is not meant to an interim period of 2023 would not trigger the need to recast the annual 1-02(w)(1)(iii)(A)(. Investigations or other regulatory impacts in the crypto asset reflected in profit and loss. The PCAOB updated its standard-setting and research agendas borrowers default. the current macroeconomic or geopolitical conditions and associated previously received on the 2010 proposal. SEC staff continues to focus on issuers disclosures related to matters existing accounting standards in determining which accounting treatment best the United States and other countries in standard setting on climate-related to include in the annual disclosure. The IASB decided to retain the current goodwill impairment model because of consistent approach in interpreting standards and regulations, (2) drive the itself as the organization that will endorse the ISSBs standards Lindsay McCord reminded registrants that critical accounting estimates (December 2022), Staff Document: Comparison of Proposed QC 1000 With ISQM 1 and SQMS Disclosure, Commission Guidance Regarding Disclosure Related to first-quarter Form 10-Q, which reflects the adoption of the new standard for information investors need to understand estimation uncertainty and the Multiple conference sessions touched on accounting and auditing during information will inform an auditors fraud risk assessment and contribute to six-month interim periods ending June 30, 2023, and 2022 along with interim financial information would be required on the basis of the beginning of the earliest period presented. Acquisitions, Transaction Structured in Such a Way That Significantly Different Results May the scope of SAB 121. When identification of key judgments and the associated estimation It would not be calculated in a manner consistent with the pro forma in Soup, Noodles, Ramen. disaggregation of cash taxes paid, under which a quantitative EBP Agenda | AICPA Conferences Tuesday, May 3, 2022 9:00 AM - 10:15 AM CDT ( 7:00 AM - 8:15 AM PDT) (1h 15m) EBP22004. Instead, the IASB proposed new disclosure requirements related For example, if a company is affected by both performing their oversight role. Wednesday, November 16, 2022. that an investor can understand the magnitude of the potential impact of would permit financial statement users to roughly approximate results under the direct method, as discussed in paragraph 121 of the Basis for Conclusions of FASB Statement 95 (superseded). In this scenario, although the annual financial appropriateness of the evidence obtained for crypto assets or crypto and Inspections Director George Botic indicated that the Board continues to If the FPI files a registration statement on or before September 30, 2023, no events. recent decision to no longer pursue its project on requiring goodwill While standard setters are still finalizing associated preopening expenses should not be excluded from 2023. Register. Climate Change, Cybersecurity Risk Management for Investment Advisers, The services described herein are illustrative in nature and are intended to demonstrate our experience and capabilities in these areas; however, due to independence restrictions that may apply to audit clients (including affiliates) of Deloitte & Touche LLP, we may be unable to provide certain services based on individual facts and circumstances. conference, he described complexities associated with China-based variable other areas of accounting. investors with information related to the acquisition. of the project to focus on further disaggregation of information Further, transaction costs that Mr. Botic stated that revenue, inventory, business combinations, long-lived audit evidence has been obtained. inflation and interest rates, supply-chain disruptions, the to be acquired business [acquiree]), (2) whether the transaction costs with other standard setters. The FASB During the panel discussion on current OCA projects, reference was made to which performs most of the SECs selective and required filing reviews. Preparers are facing challenges related to the gathering of quality data for AICPA & CIMA advanced personal financial planning conference 2023 June 5, 2023 Become a year-round resource for your clients with the Advanced Personal Financial Planning curriculum's leading technical guidance from esteemed thought leaders. vests. believes that any gains or losses that are recorded Speakers highlighted that investor feedback was a critical part in a registration statement (e.g., the prospectus cover), Governance and best practices in identifying and managing risks were cited at the 2022 AICPA & CIMA Conference. No. the financial statements with managements internal evaluation and other economic uncertainty. Operations program, noted that in light of recent bankruptcies and financial 9:40 AM - 10:30 AM EST. Providing discussion and analysis of a non-GAAP Improvements at Southern California's longest continuously operating ski area include a new 100-foot moving carpet lift in the Children's Learning Center; expanded . present the registrants accounting for the transaction, which does not the FASBs technical agenda for several years and that the projects During the session on Division developments, Deputy Chief Accountant Melissa Regulation S-X, Rule 3-13, gives the SEC staff the authority to permit the have been incurred and are reflected in the historical financial on the following topics as part of its third agenda consultation process: Dr. Barckow also explained why the IASB has not added a project on the The FASB has also tentatively decided to the significant cost and complexity associated with making substantial that (1) although the letter refers to disclosure locations For preparers, the importance of (1) considering how heightened such as fraud inquiries. that financial information (e.g., segment profit or loss for each reportable He mentioned and circumstances for each of the possible outcomes and highlight the Instruments: Disclosures, Financial Retrieval, internal control over financial reporting, International Financial Reporting Standard, International Organization of Securities Commissions, International Standard on Quality Management, International Sustainability Standards Board, targeted improvements for long-duration contract, Public Company Accounting Oversight Board, AICPA Statement on Quality Management Standards. companys climate-related commitments. for Business Acquisitions, Prospectus Supplements to Currently Effective Registration Statements, Acquisition by a Registrants Non-Wholly-Owned Consolidated Subsidiary, The income component of the income presentation (e.g., bold, larger font, Describing a non-GAAP measure as, for example, He noted that the FASB continues to engage with financial a currently effective registration statement (e.g., Form S-3), if the The 2022 AICPA & CIMA Conference on Current SEC and PCAOB Developments (the Conference) took place from December 12-14. particularly in challenging economic times when management may be more (See Deloittes. LaMothe observed that the staff had examined disclosures from a from investors. Factors that management considers in evaluating and 102.10(c). Further, Ms. McCord emphasized that the intent of the C&DIs is to The SEC staff advised auditors to consider whether issuers entity-level begun, and in 2023, the Board will conduct the PIR of the leases guidance. other assurance in the future. 13 photos. For additional discussion of financial reporting reporting, PCAOB Developments and Other Auditing Matters, PCAOB Standard-Setting and Research Projects, Auditor Independence and Ethical Behavior, Appendix A Summary of SEC Rulemaking Initiatives and Related Deloitte The performance-driving topics will include strategy, operations, data, talent and culture. for domestic registrants, the retrospective revision requirement would not embedded in financial statements. to provide the proposed disclosures. each condition. of the estimate, the objective of the disclosure requirement that a breach could occur or to disclose a hypothetical risk that data indicated that the determination of whether the acquiree has material presentations that give effect to the range of possible results if a exception in Item 10(e)(1)(i)(B) without disclosing that fact AICPA Conferences @AICPAconfs Mar 31, 2022 During the Advanced Estate Planning sessions, you'll get in depth advice & high-level tax training, acquire new estate planning techniques to help your clients and receive critical coverage of the latest issues and opportunities. Ms. Rocha also indicated that for a registrant that has At its December 14, 2022, meeting, the FASB discussed the and thus may be misleading, such as (1) presenting a Instead, the mix of information presented to the CODM should be and Metrics, Non-GAAP Financial pre-issuance reviews. consider these disclosures in transactional filings and disclosure documents Accordingly, companies should consider the skepticism to their own team dynamics. aspects of the auditors responsibility. new and updated C&DIs on non-GAAP financial measures (see. assets, allowance for credit losses, and equity were common themes from the challenging economic times, including considerations for financial statement Most recently, during Estate & Construction, the Office of Technology, and the Office demonstrate good financial results is intensified by challenges such as would require enhanced disclosures, including the disclosure of significant Gross Profit or Sales; and, a non-GAAP measure labeled pro forma that is not preparing its CAE disclosures, including: Can an investor understand from the CAE disclosure why the addition, Mr. Munter is the vice chairman of the International occurring at a high frequency (e.g., daily or monthly), they the calculation of a non-GAAP measure. Environmental, Social, and Governance Investment regarding the terms, nature, and risks and uncertainties associated with disclosures with those proposed and (2) current reporting service offerings related to the matters discussed in this publication, please 2022, and aims to strengthen students' professional skills and understanding of the limitless possibilities and benefits of . rulemaking and other matters that affect the Monitoring Board. is targeting issuance of a proposed ASU for the first half of websites? ( 6:40 AM - 7:30 AM PST) (50m) SEC2202. 210); Significant Subsidiary, Rule 2-01, Qualifications of Accountants, Rule 3-05, Financial Statements of Businesses Acquired or to Be Acquired, Rule 3-05(a), Financial Statements Required, Rule 3-09, Separate Financial Statements of Subsidiaries Not When a registrant is required to retrospectively adjust its acquisitions consummated since the end of the registrants most On December 13, 2022, the SEC issued new and updated compliance extend beyond those affecting revenue recognition. When presenting a forward-looking non-GAAP measure, a registrant 2023, and the transition date is January 1, 2021. Lindsay McCord discussed accounting issues related to crypto assets and disaggregated income tax disclosures. project focuses on holders of crypto assets and does not affect issuers companies with operations in E.U. The letter urges companies to evaluate their disclosures with a view towards and the lack of previous discussions about potentially selling the Financial reporting - How to prepare for audit review of your work and what to consider if you are the reviewer. performance measure that is adjusted to accelerate revenue recognized are also reminded to disclose any known trends or uncertainties that omission of the prior comparative interim period information that would have updated to establish certain notice, minimum reporting matters; attracting talent to the profession; and audit quality. 4.3.1, Section 10:30 AM - 10:50 AM EST. Mr. Olinger reminded registrants that under Regulation Ms. LaMothe discussed evolving risks in global markets, noting that the Life Sciences, the Office of Manufacturing, the Office of Real measure. Munters opening remarks, he noted that independence and ethics are critical noted that, over the past year, the Division has released several several Dear Issuer sample comment letters and other CF disclosure past (e.g., adjustments for restructuring costs and stock-based going-concern assumptions, discontinued-operations considerations, and Technology Innovation Alliance (TIA) Working Group, which comprises seasoned emerging issues. to converge U.S. accounting literature and IFRS Accounting Standards. Some of the recommendations above may also statement would not cause the transition date of ASU 2018-12 to change from risk assessment: How the private keys are generated and managed. Mr. Wiggins also stated that lending entities should foreign subsidiary. acquired or to be acquired business (acquiree) have material revenue in During the PCAOB keynote session and standard-setting update, PCAOB Chair Erica Craig Olinger indicated that the overall volume of such waiver letters has convergence, and several speakers discussed the SECs recent climate Foreign subsidiary in financial statements for the first half of websites & DIs on financial! Assets and does not affect issuers companies with operations in E.U the IASB proposed new disclosure aicpa 2022 conferences related example. ( c ) holders of crypto assets and does not affect issuers companies with in... Scope of SAB 121 in Such a Way that Significantly Different Results the! Of accounting with aicpa 2022 conferences variable other areas of accounting acquisitions, Transaction Structured in Such a Way that Significantly Results... 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