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Q3 2023 Quarterly Outlook

Issues & Trends | September 2023

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

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KPMG reports on major accounting and financial reporting developments that could affect companies in the current period or near term. This quarter we feature a new SEC rule on cybersecurity disclosure, the latest on ESG reporting, PCAOB developments of interest to audit committees and other recent SEC and FASB headlines.

Applicability

  • All companies

Key impacts

For Q3 2023:

  • Stakeholders are digesting transformative new SEC rules on cybersecurity, effective on September 5, 2023 (with compliance dates that follow).
  • US-based companies are working to understand the impact of various new international standards on ESG.
  • The FASB issued a proposal targeting public companies on disaggregation of income statement expenses in the notes to the financial statements.
  •  The PCAOB issued a historical proposal that would heighten auditors’ responsibilities for, and communication about, noncompliance with laws and regulations.

Report contents

  • Current quarter financial reporting matters
  • New standards and guidance
  • Projects and agenda priorities
  • Recommended reading and CPE opportunities

Download the document:

Quarterly Outlook September 2023

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Q3 2023 Quarterly Outlook

KPMG professionals discuss this quarter’s accounting and financial reporting headlines.

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Quarterly Outlook

Quarterly updates on accounting and financial reporting developments, including SEC matters and FASB activity.

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Environmental, Social and Governance (ESG) reporting

KPMG guidance and articles for financial reporting professionals.

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SEC matters

Keeping you up to date about SEC staff positions on reporting matters and proposed rulemaking that will affect registrants

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Meet our team

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Angie Storm
Deputy Chief Accountant, Dept. of Professional Practice, KPMG US
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Robin Van Voorhies
Senior Director, Dept. of Professional Practice, KPMG US
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Image of Angie Storm
Angie Storm
Deputy Chief Accountant, Dept. of Professional Practice, KPMG US
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Image of Robin Van Voorhies
Robin Van Voorhies
Senior Director, Dept. of Professional Practice, KPMG US
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Accounting Research Online

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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. KPMG LLP does not provide legal services.

The information contained herein is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230.

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