KPMG reports on the 2016 AICPA National Conference. Speakers from regulators, standard setters and others discussed recent developments in accounting, auditing and financial reporting – and KPMG observations.
The importance of internal control over financial reporting and the respective roles of preparers, auditors and audit committees in developing and maintaining high-quality, reliable financial reporting
The continued focus by regulators on registrants’ use of non-GAAP financial measures
The critical importance of preparedness for and financial disclosures about the potential effects of adopting the new revenue recognition, leases, and credit losses standards
The critical importance of preparedness for and financial disclosures about the potential effects of adopting the new revenue, leases and credit losses standards
Areas of focus from the Office of the Chief Accountant and the Division of Corporate Finance. Includes accounting for and disclosure of revenue, transition disclosures, segments, financial instruments, pension accounting, business combinations and income taxes, and considerations related to non-GAAP measures and management’s discussion and analysis
High quality financial reporting
Division of Corporate Finance focus areas
Current accounting practice issues
Enforcement and other initiatives
Data and analytics panel
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