AM Now 6.14.23: FASB Adds to the Conceptual Framework, New SEC Rulemaking, PCAOB Proposed Standards, and ISSB & CSRD Updates

Accounting Matters

In this episode of AM Now, your hosts Adam Olsen and Nicole Harger dive deep into this week’s accounting news, including:

• The FASB describes a reporting entity in the recently released Chapter 2 of the Conceptual Framework.
• The SEC adopting three rules, two relating to the securities-based swaps markets and another removing and replacing references to credit ratings from existing exceptions in Rule 101 and Rule 102 of Regulation M
• The PCAOB issuing a proposal to increase auditor vigilance against fraud and other forms of noncompliance with laws and regulations
• The new Forum ISSB Preparers Group and the European Commission publishing the draft of the first set of ESRS

For more information on these and related topics:

FASB Issues New Chapter of its Conceptual Framework: The Reporting Entity

SEC Adopts Rules to Prevent Fraud in Connection with Security-Based Swaps Transactions and Prevent Undue Influence over CCOs

SEC Adopts Amendments to Remove References to Credit Ratings From Regulation M

World Economic Forum and ISSB Partner to Compile Learnings on Early Sustainability Reporting Efforts

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