Make room for Adam Olsen and Matt Fisser as they discuss all of the recent accounting and finance stories you need to know, including:

• The FASB recently completed its Conceptual Framework with a new and final chapter on measuring assets and liabilities recognized in financial statements.
• Tentative decisions from the FASB on EITF issues centered on induced conversions of convertible debt instruments.
• Another FASB tentative decision, determining the acquirer in the acquisition of a VIE.
• Targeted amendments to the IASB’s IFRS standards on first-time adoption of IFRS, financial instruments, consolidated financial statements, and statement of cash flows.
• A Center for Audit Quality report found that 98% of companies disclosed some level of ESG-related information in 2022, 70% obtaining some degree of voluntary assurance.
• CA Governor Gavin Newsom proposed delaying the implementation of California Senate Bills 253 and 261 by two years, from 2026 to 2028.
• Discussion on the CrowdStrike/Windows outage and what it might mean for public companies subject to the SEC’s new cybersecurity disclosure rules.

For more on this week’s topics:

FASB Issues New and Final Chapter of Its Conceptual Framework: Measurement

FASB: Tentative Board Decisions 07-17-24 (induced conversions/VIE)

IASB issues annual improvements to IFRS Accounting Standards

S&P 500 ESG Reporting and Assurance Analysis

Act to amend Sections 38532 & 38533 of the Health and Safety Code, relating to GHG

Public Company Cybersecurity Disclosures; Final Rules

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