Defining Issues team
News for financial reporting professionals, KPMG US
January 08, 2021
Reference rate reform relief extended to derivatives impacted by discounting transition.
January 08, 2021
Proposals would amend the holding period for market-adjustable securities and simplify filing requirements.
December 22, 2020
FASB proposes private company alternative for timing of goodwill triggering event assessment.
December 16, 2020
KPMG reports on proposed changes to accounting for revenue contracts acquired in a business combination.
December 07, 2020
Updated: FASB proposes targeted amendments to ASC 842 and adds narrow-scope projects to its technical agenda.
December 04, 2020
SEC/PCAOB urge companies to disclose financial reporting and other risks associated with operations in emerging markets.
December 04, 2020
Proposals include temporary rules for stock compensation of platform workers and other modernization amendments.
November 20, 2020
Rule amendments provide flexibility by permitting the use of electronic signatures in authentication documents.
November 09, 2020
ASU on long-duration insurance contracts further deferred one year.
October 30, 2020
EITF discusses accounting for modifications to equity-classified freestanding call options.
October 29, 2020
KPMG reports on amendments to Rule 2-01 of Reg S-X to modernize certain aspects of auditor independence.
September 18, 2020
KPMG reports on enhanced presentation and disclosure for not-for-profits that receive contributed nonfinancial assets.
August 28, 2020
SEC amends disclosures of business description, legal proceedings and risk factors under Regulation S-K.
August 17, 2020
FASB proposes a practical expedient for nonpublic entities valuing share option awards.
August 07, 2020
KPMG reports on amendments to reduce accounting models for convertible instruments and simplify contracts in own equity.
June 03, 2020
Updated: FASB issues ASU deferring effective dates of leases and revenue standards for certain entities due to COVID-19.
April 03, 2020
The SEC has redefined its filer definitions, exempting low-revenue issuers from internal control audits.
March 26, 2020
SEC updates required disclosures for companies that issue, guarantee or collateralize registered securities.
March 13, 2020
Optional relief now available to companies preparing for discontinuation of interest rates such as LIBOR.
February 12, 2020
Proposals aimed at transparency over presentation and disclosure of contributed nonfinancial assets by not-for-profits.
February 07, 2020
The SEC has issued guidance on disclosure of key performance indicators and metrics in MD&A.
January 31, 2020
The SEC staff added three new Compliance & Disclosure Interpretations to provide guidance when preparing MD&A.
January 16, 2020
ASU 2020-01 clarifies the interactions between ASC 321, ASC 323 and ASC 815.
December 19, 2019
ASU 2019-12 removes certain exceptions and adds guidance to reduce complexity.
November 26, 2019
ASU 2019-11 clarifies how to account for expected recoveries on purchased financial assets with credit deterioration.
November 04, 2019
ASU 2019-09 amends the effective date for long-duration contracts (targeted improvements).
November 04, 2019
ASU 2019-10 amends the effective dates for the credit losses, derivatives and leases standards for certain companies.
November 04, 2019
Consensus on accounting for equity method investments, discussion on licensing contract modifications.
October 25, 2019
Federal banking agencies have proposed a policy statement on CECL, explaining what they would be looking for.
October 07, 2019
The SEC’s new rule permits issuers to consult with investors prior to a public offering.
July 15, 2019
The SEC staff provides information for companies to consider as the LIBOR transition date approaches.
July 05, 2019
The board’s goal is to simplify the guidance by introducing an overarching classification principle and updating the guidance on certain transactions.
July 01, 2019
FASB’s Invitation to Comment solicits feedback on whether it should undertake a Board project to consider key issues.
July 01, 2019
The SEC adopts amendments to the Loan Provision to identify lending relationships that could impair an auditor’s objectivity and impartiality.
May 15, 2019
CAQ’s updated tool helps audit committees with their oversight of implementation of the new credit impairment standard.
May 13, 2019
KPMG summarizes the accounting implications related to mortgage- backed security exchanges under the Single Security Initiative.
May 08, 2019
Mining companies will disclose property information consistent with global industry practice and guidelines
May 06, 2019
FASB proposals would change the accounting for goodwill and intangible assets for not-for-profits.
May 06, 2019
ASU 2019-05 provides more flexibility in applying the fair value option on adoption of the new standard.
May 06, 2019
KPMG reports on the proposed ASU to update disclosures in response to the SEC’s disclosure initiative.
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Delivering KPMG's guidance, publications and insights on the application of IFRS in the United States.
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