Insight

FRV Weekly – June 27, 2022

FRV Weekly reports on the KPMG 32nd in-person Symposium, FASB activity, a focus on the banking sector and more.

June 27, 2022

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

Report contents

FASB seeks feedback on potential incorporation of IAS 20

The FASB has issued an Invitation to Comment on its potential incorporation of IAS 20 into US GAAP.

FASB removes lease modifications project from its agenda

The FASB will instead consider lease modifications as part of its ASC 842 post-implementation review.

KPMG responds to SEC’s climate proposal

Meeting the needs of investors in a way that is practical and minimizes the costs to preparers.

Simplified accounting for tax equity investments

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

SEC again reopens proposal on compensation clawback policies

Comment period on 2015 proposal to implement Section 954 of Dodd-Frank Act reopened with new questions and analysis.

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