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Reference library
KPMG guides and publications that include discussion and analysis of significant issues to provide you with an advantage in understanding the requirements and implications of financial reporting issues.
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September 2019 Quarterly Outlook
September 11, 2019
KPMG’s quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.
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FASB proposes relief related to reference rate reform
September 06, 2019
The FASB’s proposed ASU seeks to provide relief for companies that have contracts impacted by reference rate reform.
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Insurance statutory reporting – September 2019
September 04, 2019
KPMG’s latest summary of statutory accounting standards for 2019 and 2020 financial reporting by insurance companies
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Desktop staleness calendar for 2020 offerings
September 03, 2019
Planning an offering in 2020? Here’s when annual and interim financial statements will go stale.
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IFRS Perspectives – August 2019
August 29, 2019
KPMG’s latest update on current IFRS issues relevant to US companies.
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Insurance: NAIC 2019 summer meeting
August 22, 2019
The NAIC discussed recent accounting changes and regulatory developments impacting insurance companies.
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Effective date deferral for long-duration contracts
August 21, 2019
The FASB has proposed amendments related to the effective date for long-duration contracts: targeted improvements.
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FASB proposes effective date deferrals
August 15, 2019
The FASB has proposed deferring the effective dates for credit losses, derivatives and leasing.
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June 2018 quarterly outlook
August 14, 2019
KPMG’s quarterly update on recent accounting and financial reporting developments, including tax reform, SEC activity and major FASB standards.
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Handbook: Leases
August 14, 2019
Latest edition: KPMG’s comprehensive guide to ASC 842, with Q&As, examples and observations to explain key concepts.
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Handbook: Consolidation of VIEs
August 13, 2019
Latest edition: KPMG provides its guidance on the consolidation of VIEs – with in-depth analysis and examples.
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SEC proposes further changes to Regulation S-K
August 09, 2019
Proposals seek to modernize the description of business, legal proceedings and risk factor disclosure requirements.
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Asset acquisitions
August 06, 2019
KPMG highlights the significant differences in accounting for asset acquisitions versus business combinations
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Proposal to clarify grants and similar transactions
August 03, 2019
The proposed ASU would address practice issues by helping entities evaluate whether they should account for a grant or similar contract as a contribution or an exchange transaction
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SEC approves new PCAOB auditing standards
August 01, 2019
The new and amended standards strengthen the requirements for auditing accounting estimates and the auditor’s use of the work of specialists.
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FASB proposes changes to convertible debt accounting
July 31, 2019
FASB seeks to simplify the accounting for convertible instruments and contracts in an entity’s own equity
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Handbook: Equity method of accounting
July 24, 2019
KPMG’s in-depth guide to ASC 323 includes Q&As, interpretive guidance and examples.
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Up-C structure
July 19, 2019
KPMG explains that private business owners are using Up-C structures to unlock value beyond a traditional IPO.
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SEC staff statement on LIBOR transition
July 15, 2019
The SEC staff provides information for companies to consider as the LIBOR transition date approaches.
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Handbook: Business combinations
July 15, 2019
Latest edition: KPMG explains accounting for acquisitions of businesses and related issues with examples and analysis.
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FASB eliminates retroactive application of equity method
July 11, 2019
The proposals on equity-linked instruments with down-round features aim to make the accounting guidance easier to use.
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PCAOB issues new guidance for auditors and audit committees
July 10, 2019
The PCAOB issues new guidance for audit committee communications when an auditor identifies a violation of the independence rules
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Feedback sought on identifiable intangible assets & goodwill
July 09, 2019
FASB’s Invitation to Comment solicits feedback on whether it should undertake a Board project to consider key issues.
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SEC amends the Loan Provision of its auditor independence rules
June 28, 2019
The SEC adopts amendments to the Loan Provision to identify lending relationships that could impair an auditor’s objectivity and impartiality.
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FASB proposes improvements to credit losses standard
June 28, 2019
Narrow-scope proposed ASU includes recoveries on purchased financial assets with credit deterioration.
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SEC seeks input regarding securities offerings
June 24, 2019
The SEC asks how it can simplify its rules for raising private capital while protecting investors.
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Issues In-Depth: Insurance: NAIC 2016 Meeting
June 15, 2019
Speakers from regulators, standard setters and others discussed recent developments in accounting, auditing and financial reporting – and KPMG observations.
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EITF update on consensus-for-exposure
June 14, 2019
EITF reaches consensus-for-exposure on accounting for certain equity method investments.
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Issues In-Depth: Revenue - Illustrative disclosures
June 13, 2019
KPMG reports on FASB’s ASC 606 technical corrections. FASB’s last anticipated standard-setting activity prior to revenue standard effective date.
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June 2019 Quarterly Outlook
June 06, 2019
KPMG’s quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.
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SEC proposes changes to filer definitions
May 31, 2019
Smaller reporting companies may get relief from the auditor attestation of internal controls requirements.
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Insurance statutory reporting – May 2019
May 31, 2019
KPMG’s latest summary of statutory accounting standards for 2018 and 2019 financial reporting by insurance companies
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FASB extends two private company alternatives to NFPs
May 30, 2019
FASB proposals would change the accounting for goodwill and intangible assets for not-for-profits.
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IFRS Perspectives – May 2019
May 30, 2019
KPMG’s latest update on current IFRS issues: grants, cloud computing costs, IFRS IC agenda decisions and IFRS update.
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SEC proposal on acquisition and disposition disclosures
May 29, 2019
The SEC’s proposed rule would amend S-X Rules 3-05, 3-14, Articles 8 and 11 and adds a new rule for investment companies.
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Handbook: Statement of cash flows
May 24, 2019
Latest edition: Updated for ASU 2018-07 and ASU 2019-01, plus practice issues such as leases and debt arrangements.
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Accounting for tax reform
May 23, 2019
KPMG’s tax reform Q&As address the effects of proposed IRS regulations and GILTI earned in 2018 by fiscal year-end CFCs.
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Handbook: Accounting for income taxes
May 22, 2019
Latest edition: Updated to address questions arising after tax reform and other aspects of accounting for income taxes.
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Issues In-Depth: Revenue - Telecoms
May 20, 2019
Speakers from regulators, standard setters and others discussed recent developments in accounting, auditing and financial reporting – and KPMG observations.
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FASB issues targeted transition relief for the credit losses standard
May 15, 2019
ASU 2019-05 provides more flexibility in applying the fair value option on adoption of the new standard.
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Audit committee tool: new credit losses standard
May 14, 2019
CAQ’s updated tool helps audit committees with their oversight of implementation of the new credit impairment standard.
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Proposed simplifications to accounting for income taxes
May 14, 2019
The proposed ASU changes intraperiod allocation, interim period calculations and franchise tax accounting.
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Fannie Mae, Freddie Mac’s New Single Security Initiative
May 13, 2019
KPMG summarizes the accounting implications related to mortgage- backed security exchanges under the Single Security Initiative.
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Handbook: Segment reporting
May 09, 2019
Latest edition: KPMG’s comprehensive guide to ASC 280 segment reporting with Q&As and examples to explain key concepts.
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SEC mining rules align with global standards
May 08, 2019
Mining companies will disclose property information consistent with global industry practice and guidelines
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FASB proposes disclosure changes
May 07, 2019
KPMG reports on the proposed ASU to update disclosures in response to the SEC’s disclosure initiative.
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Insurance: NAIC 2019 spring meeting
May 03, 2019
The NAIC discussed recent accounting changes and regulatory developments impacting insurance companies.
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EITF reaches consensus-for-exposure on contract liabilities
May 02, 2019
EITF proposes to align the recognition of revenue contract liabilities in a business combination with ASC 606.