Senior Director, Dept. of Professional Practice, KPMG US
KPMG reports on major accounting and financial reporting developments that could affect companies in the current period or near term. This quarter’s publication features the latest on SPAC- and ESG-related matters, plus other SEC headlines and FASB developments.
For Q2 2021:
SPAC- and ESG-related matters have dominated recent accounting and financial reporting headlines and are evolving at a rapid pace. The SEC, other regulatory bodies and standard setters are closely monitoring these developments and responding as needed.
The FASB has issued two new standards, including a welcomed, new accounting alternative for private entities that will simplify their accounting for goodwill.