Q4 2023 Quarterly Outlook
Issues and Trends | December 2023
Our quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.
KPMG reports on major accounting and financial reporting developments that could affect companies in the current period or near term. This quarter we feature highlights from the 2023 AICPA & CIMA Conference on Current SEC and PCAOB Developments, an ESG reporting update, and other SEC and FASB headlines.
Key impacts:
For Q4 2023:
- The 2023 AICPA & CIMA Conference on Current SEC and PCAOB Developments covered a range of topics, collectively indicating that we are operating in times of significant change.
- A final SEC climate rule is not expected until 2024. Nevertheless, there are plenty of questions US companies should be asking as the walls close in on ESG reporting, including whether they are subject to the new California climate disclosure laws.
- The FASB issued three new accounting standards (ASUs), all of which impact presentation and disclosure. Among them, a new segment reporting ASU for public entities is raising questions on whether additional measures of profit or loss may be non-GAAP measures to which SEC regulations apply.
Report contents
- Current quarter financial reporting matters
- New standards and guidance
- Projects and agenda priorities
- Recommended reading and CPE opportunities
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Quarterly Outlook December 2023
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Q4 2023 Quarterly Outlook
KPMG professionals discuss this quarter’s accounting and financial reporting headlines.
Quarterly Outlook
Quarterly updates on accounting and financial reporting developments, including SEC matters and FASB activity.
Environmental, Social and Governance (ESG) reporting
KPMG guidance and articles for financial reporting professionals.
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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