Hot Topics

Implementing compensation clawback requirements

March 10, 2023

Issuers face many questions in developing a recovery policy under the SEC’s compensation clawback rules.

Q1 2023 Quarterly Outlook

March 08, 2023

Our quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.

SAB 121: Questions & Answers

March 01, 2023

Latest edition: We answer key questions about the SEC’s guidance on digital asset safeguarding obligations.

IRA and CHIPS: Tax considerations

February 03, 2023

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

Global Minimum Tax

February 02, 2023

We address accounting questions related to the new GloBE rules.

Lenders' accounting for crypto intangible asset loans

January 27, 2023

SEC staff provides views on how lenders should account for loans of crypto intangible assets like bitcoin and ether.

Hot Topic: Leases

January 24, 2023

ASC 842 transition complexities from recent economic conditions

FAQs about FASB’s ASU on modified receivables

January 20, 2023

Updated: We answer questions encountered in practice about amended TDR guidance and enhanced disclosures for creditors.

Hot Topic: Impairment

October 28, 2022

Nonfinancial asset impairment in a period of economic uncertainty.

FAQs about FASB’s ASU on modified receivables

September 01, 2022

Updated: We answer questions encountered in practice about the amended TDR guidance and enhanced disclosures for creditors.

Accounting for crypto staking rewards

August 08, 2022

Assessing the accounting considerations and challenges around staking crypto assets on proof-of-stake blockchains

Impact of the Russia-Ukraine war on SEC disclosures

May 06, 2022

SEC publishes sample comment letter and KPMG discusses certain disclosures that may be impacted by the Russia-Ukraine war.

Banks’ climate-related disclosures

April 29, 2022

A look at the key trends observed on climate-related disclosures of some global banks; now with TCFD comparison.

Proposed IFRS Sustainability Disclosure Standards

April 22, 2022

An in-depth look at the first exposure drafts issued by the International Sustainability Standards Board.

SEC proposes new and amended rules for SPACs

April 01, 2022

Proposals would align requirements more closely with traditional IPOs and require disclosures unique to SPACs.

Understanding the SEC’s climate proposal

March 31, 2022

New talk book: Our top 10 questions on the SEC’s proposed climate rules.

Evaluating custody of digital assets

March 11, 2022

We explore accounting ownership of custodied digital assets, and when custody affects revenue recognition.

Russia-Ukraine war

March 04, 2022

Potential accounting and financial reporting issues created by the war and related economic sanctions.

Power companies receive recovery of winter storm losses

February 10, 2022

Accounting issues result from Texas legislation providing for cash payments to affected companies.

Crypto asset accounting issues

February 04, 2022

KPMG explores questions on measuring crypto asset impairments and presenting crypto asset gains and losses.

Call for FASB to provide crypto accounting guidance

February 04, 2022

Investors, preparers and practitioners suggest fair value measurement and other changes to US GAAP for crypto assets.

FASB asked to modernize software cost guidance

February 04, 2022

Preparers, others suggest improvements to software development costs guidance for internal- and external-use software.

Lessee discount rates under ASC 842

November 12, 2021

Key considerations for public and private entity lessees when determining the discount rates for leases.

Cloud computing implementation costs post-ASU 2018-15

September 16, 2021

Updated: Q&As for customers applying the new guidance on cloud computing implementation costs.

Applying the lessee short-term lease exemption

May 20, 2021

Key considerations for lessees when determining whether to elect – and how to apply – the short-term lease exemption.

Legislative relief for COVID-19

March 23, 2021

Updated: Financial reporting considerations of the combined provisions of the American Rescue Plan Act and other relief.

SEC adopts further changes to Regulation S-K

February 03, 2021

Updated: The SEC adopts amendments to modernize MD&A and other financial disclosures.

Extractive industry payment disclosure rules finalized

January 27, 2021

Updated: The SEC finalizes rules requiring disclosure of payments to governments by extractive industry companies.

SEC provides disclosure considerations for SPACs

January 08, 2021

The SEC issued guidance on disclosure expectations for SPACs related to conflicts of interest.

Important year-end lease reporting reminders

January 06, 2021

Key presentation and disclosure reminders for preparing financial statements under ASC 842.

SEC addresses acquisition and disposition disclosures

December 17, 2020

KPMG reports on SEC staff remarks on certain implementation questions stemming from the amended requirements.

How convertible debt will be affected by ASU 2020-06

December 15, 2020

KPMG provides guidance on how ASU 2020-06 will affect convertible debt an issuer can settle in cash and/or shares.

Financial instruments accounting impacts of COVID-19

July 10, 2020

Updated: Ongoing economic disruption may impact the accounting for certain financial instruments.

Investment funds: potential impacts of COVID-19

July 09, 2020

Accounting and reporting implications for investment funds to consider in the current economic environment.

New SEC disclosure guidance about effects of COVID-19

June 26, 2020

SEC provides additional guidance on coronavirus-related disclosures that companies should consider.

Broad disclosure impacts of COVID-19

June 24, 2020

Updated: Subsequent events, going concern, unusual items, risks and uncertainties evaluation and disclosures.

Lender accounting for COVID-19 loan modifications

June 18, 2020

Latest edition: Accounting considerations for COVID-19 loan modifications, including guidance on TDR determinations.

FASB staff guidance on COVID-19 rent concessions

May 28, 2020

Updated: KPMG’s Q&As on how to apply the FASB staff’s guidance.

NFP higher education institutions’ CARES Act accounting

May 21, 2020

Implications of the CARES Act on the accounting of not-for-profit higher education institutions.

Healthcare entities’ reporting impacts of COVID-19 aid

April 24, 2020

Implications of government aid on the accounting and financial reporting of healthcare entities.