Insight

FRV Weekly – February 6, 2023

FRV Weekly reports on FASB crypto deliberations, global minimum tax, SEC C&DIs, CAO Corner, Future of Finance and more.

February 6, 2023

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

Report contents

FASB issues proposed ASU on crypto asset accounting

FASB proposes new US GAAP Subtopic on accounting, reporting and disclosure of in-scope crypto assets.

Global Minimum Tax

We address accounting questions related to the new GloBE rules.

SEC finalizes rule for erroneously awarded compensation

Listed issuers will need to develop policies and recoup compensation awarded based on inaccurate financial statements.

IRA and CHIPS: Tax considerations

Our impressions on the accounting for key provisions in the recently enacted tax legislation.

Disc Ops & HFS disposal groups: Back-to-basics

KPMG professionals provide a refresher on the discontinued operations and held-for-sale (HFS) guidance, including key SEC requirements and trends.

Handbook: Credit impairment

Latest edition: Our updated guide to CECL, with Q&As, interpretive guidance and examples.

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