FRV Weekly – February 14, 2022

Our new executive summary provides an overview of the accounting for crypto assets like bitcoin and ether. Plus two new Hot Topics explore some of the practice issues in accounting for crypto assets, and recent feedback to the FASB.

Join us for our Q1 quarterly outlook as we discuss SEC and FASB developments, new guidance and recent ESG developments that may affect a company’s accounting and financial reporting in the current period and near term.

KPMG Advisory Principals Matthew McGuinn, Robert Barrett and Mary Rollman discuss using critical links among CFOs, CSCOs and Finance leaders to improve strategic growth, drive future profitability, build resiliency and stay competitive.

Texas House Bill 4492 authorized the Electric Reliability Council of Texas to finance excess power costs and defaults, with regulators distributing proceeds to qualifying entities in December 2021. We look at the accounting for recipients.

The SEC has proposed rules related to cybersecurity risk management that are intended to promote cybersecurity preparedness and resilience for registered investment advisers and investment companies. As proposed, the rules would establish several new requirements.

The SEC has proposed amendments to Form PF, a confidential reporting form for investment advisers to private funds. As proposed, the amendments would require increased reporting by large hedge fund advisers and private equity advisers.

As part of our Talking Asset Management with KPMG series, KPMG Partner Patrick Brooks and Principal Sam Riesenberg talk about the changes they are seeing in credit fund trends, structuring and audit activity.

Tune in to hear professionals from our Department of Professional Practice take a deeper dive into questions received during our recent SEC Update 2022 webcast, plus other related content on issues important to SEC registrants.

KPMG Board Leadership Center surveyed nearly 200 portfolio company directors to discover their views on the importance of ESG issues – including climate change and workplace diversity – to company performance, and the oversight role of the board.

We highlight six key issues for audit committees – including cybersecurity, ESG, monitoring other emerging risks, reinforcing the focus on ethics and compliance, and ensuring internal audit is focused on the critical risks.

KPMG Senior Economist Ken Kim talks signs of strong economic recovery with a record-setting 467,000 jobs added last month. Despite the Omicron variant, a growing labor force and wage gains provide an encouraging outlook.

Our comprehensive in-depth guides include discussion and analysis of significant issues for professionals in accounting and financial reporti

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