Insight

FRV Weekly – December 5, 2022

FRV Weekly reports on EITF, FASB proposals, impairment in economic uncertainty, the transformative CAO, tech and more.

December 5, 2022

This week's FRV Weekly newsletter summarizes the latest news, analysis and insights from KPMG Financial Reporting View.

Report contents

Simplified accounting for tax equity investments

EITF reaches final consensus to expand use of the proportional amortization method to additional tax equity investments.

FASB proposes ASU on common control lease arrangements

The proposed amendments would change ASC 842 for common control lease arrangements and related leasehold improvements.

Impairment testing in economic uncertainty

KPMG professionals discuss the impacts of inflation, declining share prices and other impairment testing challenges.

US company impact of EU ESG reporting requirements

Corporate Sustainability Reporting Directive now formally adopted by the EU.

Private entity reporting – 2022 and beyond

KPMG professionals discuss accounting standards for private entities and other recent developments.

Handbook: Discontinued operations & HFS disposal groups

Latest edition: Our in-depth guide to ASC 205-20 and held-for-sale disposal groups under ASC 360-10.

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