Want to know what’s happening in accounting and finance today? Then join Adam Olsen and Nicole Harger for this episode of AM Now, where they discuss:

• CA SB 253 and SB 261, requiring certain U.S. companies to disclose their complete GHG emissions across their value chains as well as climate-related risks 
• The EU Commission consultation to enhance sustainable financial disclosure practices, particularly focusing on the Sustainable Finance Disclosure Regulation (SFDR)
• The IASB announcement on proposed changes to IFRS Accounting Standards, aimed at improving clarity and addressing minor unintended issues within the regulations
• The proposed rule and form amendments from the SEC on enhancing filer access to and management of accounts on the EDGAR system

For more information on these and related topics:

California Governor Commits to Sign Climate Disclosure Bills into Law

Targeted consultation on the implementation of the Sustainable Finance Disclosures Regulation (SFDR)

SEC Proposes Improvements to EDGAR Filer Access and Account Management

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As comprehensive as your financial reporting should be, it’s not the end-all-be-all. In fact, as we dicsuss in this episode of the Accounting Matters podcast, plenty can slip through the GAAP cracks, making non-GAAP measures/disclosures critical for stakeholders. So join us for a lively convo on these measures, including some key best practices and insights from Embark’s troop of SEC reporting dynamos.

For more information on non-GAAP financial measures and related topics:

SEC: Non-GAAP Measures

Get to Know SEC Reporting Requirements: Forms, Disclosures, and More

Your First SEC Filing: Get to Know the S-1

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Pull up a chair, good friend, because Embarker Matt Fisser is back with even more news from the accounting and finance world, including:

• The FASB Board’s recent deliberation on accounting for and disclosing crypto assets, also confirming the scope of the proposed ASU
• The SEC’s Division of Corporate Finance released an illustrative letter with sample comments to guide companies in their use of XBRL and Inline XBRL

For more information on these and related topics:

FASB Project Update: Accounting for and Disclosure of Crypto Assets

SEC: Sample Letter to Companies Regarding Their XBRL Disclosures

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Have a seat for another week of updates from the accounting & finance world, where Embarkers Adam Olsen and Matt Fisser discuss topics like:

• An investor coalition with >$1B assets recently urged the International Sustainability Standards Board (ISSB) to prioritize human capital and human rights in its next round of global reporting standards.
• The FASB‘s recent board meeting, discussing one of its key projects on its technical agenda – improvements to income tax disclosures. 
• A new chapter in the FASB’s Conceptual Framework on recognizing and derecognizing items in financial statements.

For more information on these and related topics:

Investors Urge ISSB to Develop Reporting Standard for Human Rights and Human Capital

FASB Tentative Board Decisions 08/30/23: Improvements to Income Tax Disclosures

Conceptual Framework for Financial Reporting, Chapter 5, Recognition and Derecognition

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The digital world is bananas. You’ve seen The Matrix, right? Countless bad peeps with bad intentions, all staring lovingly at your critical business data – and not in a good way. So join us for this very special episode of the Accounting Matters podcast as we dive into the new SEC cybersecurity rules, why they’re so essential, and, perhaps most importantly, what they mean for your company and financial reporting.

For more information on the SEC cybersecurity rules:

Understanding the SEC Cybersecurity Rules and What They Mean for Companies

SEC Adopts Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies

SEC: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure

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Guess what? Embarkers Adam Olsen and Nicole Harger are back at it with this week’s goings-on in accounting and finance, including:

• The FASB’s recent Accounting Standards Update 2023-05 aimed at enhancing transparency and consistency in financial reporting for joint ventures.
• New SEC rules and amendments under the Advisers Act designed to provide better safeguards for investors and ensure greater transparency in the private fund sector.
• The SEC’s announcement on reopening the comment period for its "Safeguarding Advisory Client Assets" proposal.

For more information on these and related topics:

FASB: ASU 2023-05, Business Combinations–Joint Venture Formations

SEC Enhances the Regulation of Private Fund Advisers

SEC: Safeguarding Advisory Client Assets; Reopening of Comment Period

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Join AM Now hosts Adam Olsen and Nicole Harger for another dose of what’s happening in accounting and finance these days, including:

• Highlights from the recently released third annual FASB Investor Outreach Report, which sheds light on the Financial Accounting Standards Board's engagement with investors 
• Overview of the EU's Carbon Border Adjustment Mechanism (CBAM) and the European Commission’s new reporting rules for importers involved in CBAM
• The future of the SASB Standards amidst the recent advancements by the ISSB’s IFRS S1 and S2

For more information on these and related topics:

The FASB Investor Outreach Report, 2022-2023

Commission adopts detailed reporting rules for the Carbon Border Adjustment Mechanism’s transitional phase

Future of the SASB Standards: What you need to know for 2023 disclosure

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Startups have a lot going on. A lot. But all the growth in the world won’t matter if you aren’t building a solid accounting and reporting foundation. Enter our new Start-Up Company Series of episodes, focusing on financial reporting basics – the balance sheet this go-around. So join Embarkers Adam Olsen, Zac Smith, and Mack Martinez for insights, tips, and best practices specifically for startups. Dig in!

For more information on startup- and reporting-related topics:

6 Ways to Improve the Reporting Side of Your Record to Report Process

Chart of Accounts Examples, Template, and Tips

Managing Growth: 7 Critical Questions CFOs Should Ask

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To state the obvious, rev rec has some teeth. But construction and engineering companies face even more potential potholes than most thanks to a nuanced industry filled to the brim with complex contracts. That's why Embarkers Adam Olsen, Zac Smith, and Donald Thomas devoted an entire Accounting Matters episode on 606 issues for construction and engineering companies. Enjoy!

For more information on ASC 606 and related topics:

Navigating ASC 606 Revenue Recognition: A Comprehensive Guide for CFOs

ASC 606, Revenue from Contracts with Customers

For more information on carbon accounting and related topics:

Carbon Credit Accounting: Considerations for Environmental Credits

Why ESG Is So Important to Your Organization's Future

ESG Reporting Best Practices: Implementation & Beyond

GHG Inventory Development Process and Guidance

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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.

Once again, AM Now hosts Adam Olsen and Matt Fisser are here to deliver news from the accounting and finance world, including:

• Warnings from the PCAOB and SEC on “assurance” work for crypto companies
• The IASB recently released amendments to IAS 21, the effects of changes in foreign exchange rates
• The IAASB’s unanimous thumbs up to the ISSA 5000 draft, General Requirements for Sustainability Assurance Engagement
• Update on the two key California bills on climate reporting, SB 253 and SB 261

For more information on these and related topics:

SEC: The Potential Pitfalls of Purported Crypto “Assurance” Work

IFRS Project: Lack of Exchangeability (Amendments to IAS 21)

Understanding International Standard on Sustainability Assurance 5000

California Emissions Reporting Bill Would Go Further Than SEC

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Listen to AM Now on Apple Podcasts, Google Play, and Spotify.