Foreign private issuers – SEC comment letter trends and more

PwC's accounting podcast

PwC's accounting podcast podcast artwork

Player FM - Internet Radio Done Right

204 subscribers

Accounting

nine 年前前追加した

コンテンツは PwC によって提供されます。エピソード、グラフィック、ポッドキャストの説明を含むすべてのポッドキャストコンテンツは、PwC またはそのポッドキャストプラットフォームパートナーによって直接アップロードされ、提供されます。誰かがあなたの著作物をあなたの許可なく使用していると思われる場合は、ここで概説されているプロセスに従うことができますhttps://ja.player.fm/legal。

Uncuffed

1
S4, E1 - Day One 7:38

5 weeks前7:38

「あとで再生する」

リスト

気に入り

気に入った

7:38

Last summer, something monumental happened. One of Uncuffed's founding producers, Greg Eskridge, came home after more than 30 years in prison. In this episode we’ll bring you back to that emotional day last summer when he walked out of the San Quentin gates, free at last. Our work in prisons is supported by the California Arts Council, the California Department of Corrections and Rehabilitation, independent foundations, and donations from listeners like you. Learn more, sign up for Uncuffed news, and support the program at www.weareuncuffed.org Follow us @WeAreUncuffed on Instagram and Facebook Transcripts are available within a week of the episode coming out at www.kalw.org/podcast/uncuffed…

約 1 年前 57:08

MP3•エピソードのホーム

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

This next episode of our 2024 SEC comment letter podcast miniseries discusses Foreign Private Issuers (FPIs). Many of the considerations we talk about for other SEC filers also apply to FPIs; however, there can be some differences and added complexities. We discuss the issues most frequently raised by the SEC staff, including those unique to FPIs, and offer advice to preparers for getting ahead of them.
In this episode, we discuss:

7:24 – Comment letter trends specific to FPIs, including those related to:
- 8:55 – Non-GAAP performance measures
- 16:15 – Segment reporting
- 21:32 – Revenue
- 25:01 – Management’s Discussion and Analysis
- 30:29 – Financial instruments
41:39 – FPI status re-assessment
44:53 – IFRS segment reporting considerations
47:45 – Other accounting and reporting reminders related to FPIs

For more information, see our full analysis of SEC comment letter trends. Also, check out our other episodes in this miniseries:

Additionally, follow this podcast on your favorite podcast app for more episodes.
Patrick Higgins is a Deputy Chief Accountant in PwC’s National Office responsible for our SEC foreign private issuer and IFRS teams. Patrick has also served as a global signing partner in a variety of countries and industries.
Kevin Vaughn is a PwC National Office partner specializing in SEC reporting matters. Kevin leverages his extensive experience to support PwC public company and pre-IPO clients on accounting and SEC reporting matters. Prior to joining PwC in 2023, Kevin spent over 18 years at the SEC, most recently serving on the leadership team in the SEC’s Office of the Chief Accountant where he focused on technical accounting consultations, SEC rulemakings, and standard setting matters.
Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.
Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

章

1. Foreign private issuers – SEC comment letter trends and more (00:00:00)

2. Comment letter trends specific to FPIs, including those related to: (00:07:24)

3. Non-GAAP performance measures (00:08:55)

4. Segment reporting (00:16:15)

5. Revenue (00:21:32)

6. Management’s Discussion and Analysis (00:25:01)

7. Financial instruments (00:30:29)

8. FPI status re-assessment (00:41:39)

9. IFRS segment reporting considerations (00:44:53)

10. Other accounting and reporting reminders related to FPIs (00:47:45)

565 つのエピソード

#Business News #PwC #MBA #News #Financial Reporting #Big 4 #Revenue Recognition #Us Gaap #Lease Accounting #Accounting #Business #Business Disciplines #FASB

PwC's accounting podcast

Foreign private issuers – SEC comment letter trends and more

PwC's accounting podcast

204 subscribers

published 約 1 年前

MP3•エピソードのホーム

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.

7:24 – Comment letter trends specific to FPIs, including those related to:
- 8:55 – Non-GAAP performance measures
- 16:15 – Segment reporting
- 21:32 – Revenue
- 25:01 – Management’s Discussion and Analysis
- 30:29 – Financial instruments
41:39 – FPI status re-assessment
44:53 – IFRS segment reporting considerations
47:45 – Other accounting and reporting reminders related to FPIs

For more information, see our full analysis of SEC comment letter trends. Also, check out our other episodes in this miniseries:

章

1. Foreign private issuers – SEC comment letter trends and more (00:00:00)

2. Comment letter trends specific to FPIs, including those related to: (00:07:24)

3. Non-GAAP performance measures (00:08:55)

4. Segment reporting (00:16:15)

5. Revenue (00:21:32)

6. Management’s Discussion and Analysis (00:25:01)

7. Financial instruments (00:30:29)

8. FPI status re-assessment (00:41:39)

9. IFRS segment reporting considerations (00:44:53)

10. Other accounting and reporting reminders related to FPIs (00:47:45)

565 つのエピソード

#Business News #PwC #MBA #News #Financial Reporting #Big 4 #Revenue Recognition #Us Gaap #Lease Accounting #Accounting #Business #Business Disciplines #FASB

すべてのエピソード

PwC's accounting podcast

1
Sustainability now: An overview of the key reporting frameworks 47:30

15 hours前47:30

47:30

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com . In this episode, we continue with an overview of key frameworks, regulatory developments, and resources to leverage on the reporting journey. Host Heather Horn is joined by PwC sustainability reporting specialists and National Office partners, Marcin Olewinski, Diana Stolzfus, and Valerie Wieman to cover the key sustainability reporting frameworks that are expected to have the broadest impact globally as well as interoperability among them. In this episode, we discuss: 1:45 – Overview of the key sustainability reporting frameworks expected to have the broadest impact globally 5:07 – Corporate Sustainability Reporting Directive, or CSRD, as part of a broader EU regulatory regime* 14:18 – International Sustainability Standards Board, or ISSB, standards and inoperability with other frameworks 29:10 – GHG Protocol for mandatory and voluntary reporting of greenhouse gas emissions now and in the future 36:13 – Voluntary reporting frameworks including: Task Force on Climate-related Financial Disclosures (TCFD) Global Reporting Initiative (GRI) Climate Disclosure Standards Board (CDSB) Task Force on Nature-related Financial Disclosures (TNFD) 44:53 – Practical advice on approaching sustainability reporting requirements in an evolving landscape About our guests Marcin Olewinski is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he’s focused extensively within PwC’s National Office on greenhouse gas emissions and sustainability reporting and leads PwC’s global technical working group focused on GHG. Diana Stoltzfus is a partner in the National Office who helps to shape PwC’s perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA. Valerie Wieman is a PwC National Office partner with over 30 years of experience. She is one of the firm’s technical experts on sustainability reporting and helps lead the creation, development, and publication of our brand-defining thought leadership, with a focus on domestic and international sustainability requirements. About our host Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com…

PwC's accounting podcast

1
Sustainability now: Navigating shifts in the reporting landscape 34:53

約 10 日前34:53

34:53

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. A video of this podcast is available on YouTube, Spotify, or PwC’s website at viewpoint.pwc.com As the headlines continue to highlight, the sustainability reporting landscape is evolving rapidly in the US and beyond. In this episode, we kick off our miniseries on the foundations of sustainability reporting by exploring key US regulatory shifts under the new administration, the role of sustainability initiatives in various US states, and global sustainability reporting trends and updates. We break down what these developments mean for businesses and how to prepare for what's to come. In this episode, we discuss: 02:53 – The fast-changing sustainability reporting landscape 05:54 – SEC climate rule updates and expected regulatory shifts 22:33 – State sustainability regulations: California and other states 27:13 – The potential impact of the upcoming EU’s omnibus regulations 30:06 – How to move forward amid uncertainty Looking for the latest developments in sustainability reporting? Read PwC’s Sustainability reporting guide Refer to Acting Chairman Mark Uyeda’s Statement on climate-related disclosure rules Follow our series and subscribe to our weekly newsletter to stay in the loop About our guest Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. About our host Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
US public policy update: What businesses need to know 56:56

約 17 日前56:56

56:56

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. 2025 has ushered in a new wave of public policy changes with the return of the Trump administration and Republican control of all three branches of government. From executive orders and regulatory shifts to SEC developments, trade policies, and AI regulation, businesses are facing a rapidly-evolving landscape. In this episode, we break down the latest updates and the impacts they could have on businesses. In this episode, we discuss: 1:50 – The rapid pace of executive orders and regulatory actions 9:27 – The current priorities of the new administration 22:30 – Potential impacts on the PCAOB and SEC 40:29 – Tax policy outlook and potential corporate tax changes 49:21 – AI regulation, mergers and acquisitions, and more For more on the new administration’s impacts on tax policy, listen to PwC’s Accounting podcast episode: US tax policy outlook – What’s ahead of 2025 . Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop for the latest thought leadership on sustainability standards. About our guest Roz Brooks is PwC's US Public Policy Leader. Roz is responsible for ensuring PwC has a voice in important debates at the nexus of business and government and helping the firm successfully execute its business strategy. Roz leads PwC’s engagement with Congress, the White House, regulatory agencies, state and local governments, and organizations including trade associations, think tanks, and NGOs. About our host Guest host Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
US tax policy outlook – What's ahead for 2025 32:37

約 24 日前32:37

32:37

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. With a new administration in place and key provisions of the Tax Cuts and Jobs Act set to expire, 2025 is shaping up to be a pivotal year for US tax policy. In this episode, we break down the latest policy developments, potential new legislation, and what these changes could mean for businesses. In this episode, we discuss: 1:41 – The current landscape of US tax policy 6:31 – The legislative roadmap, including budget reconciliation 13:14 – Key provisions likely to shape a 2025 tax bill 23:31 – International tax initiatives and their connection to US policy 29:05 – Steps businesses can take to prepare for tax changes For more information, see our publication, 2025 Tax Policy Outlook: A year for action . Additionally, follow this podcast on your favorite podcast app for more episodes. About our guest: Pat Brown is PwC’s National Tax Office Co-Leader. Prior to joining PwC, he spent 16 years in the private sector, including as the director of tax policy for a Fortune 50 company. Pat has also served in the US Treasury’s Office of Tax Policy as an attorney-advisor and as Associate International Tax Counsel. About our host: Guest host Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Disaggregated expense disclosures – The FASB’s new DISE standard 32:57

4 weeks前32:57

32:57

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. The FASB’s new disaggregation of income statement expenses (DISE) standard requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. In this episode, we explore the scope, key provisions, and practical challenges of implementing the new standard. In this episode, we discuss: 2:32 – Overview of FASB’s DISE standard 5:00 – Which entities are impacted by the new requirements 7:53 – Key disclosure requirements, including tabular reporting 13:26 – Challenges in disclosing inventory-related expenses 20:07 – Use of estimates and data limitations in reporting 27:33 – Transition timeline and practical steps for implementation For more information, see our publication, FASB issues new disaggregated expense disclosure requirements (DISE) . Additionally, follow this podcast on your favorite podcast app for more episodes. About our guests: Angela Fergason is a partner and standard setting leader in PwC's National Office who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Gary Sardo is a partner in PwC’s National Office who specializes in financial reporting matters that impact health industries and, more broadly, consults on a range of accounting topics, including acquisitions, divestitures, consolidation, and revenue recognition. Prior to this role, Gary completed a two-year fellowship at the FASB. About our host: Guest host Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Year-end toolkit: Reporting under IFRS Accounting Standards 30:37

5 weeks前30:37

30:37

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. In this bonus episode of our Year-end toolkit series, we share reminders and insights on IFRS reporting for companies that are getting ready to report in 2025. In this episode, we discuss: 2:18 – Segment disclosures 4:51 – Accounting standards newly applicable for December 31, 2024 year ends, including those related to: 5:07 – Non-current liabilities with covenants 7:25 – Supplier finance arrangements 10:22 – Sale and leaseback transactions 11:38 – Recent priorities and focus areas of European regulators that may impact US companies 20:27 – Hyperinflationary economies 23:36 – New IFRS accounting standards effective in 2025 and beyond and looking ahead to 2025 broadly Additionally, follow this podcast on your favorite podcast app for more episodes. About our guest: Gary Berchowitz is the corporate accounting topic team leader in PwC’s Global Assurance Quality - Corporate Reporting Services group. Gary brings over 20 years of financial accounting experience, working to drive quality and connectivity throughout the PwC network and help local teams solve complex accounting issues in a practical way. Gary leads the development of PwC’s global view on a variety of financial reporting matters. About our host: Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Year-end toolkit: New standards effective in 2025 50:29

5 weeks前50:29

50:29

PwC's accounting podcast

1
Replay - Talking ESG: Can AI be sustainable? 40:57

6 weeks前40:57

40:57

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. We are revisiting a conversation on Talking ESG that was originally recorded in September at NYC Climate Week to highlight our host and guest appearing together on The Atlantic's podcast, The Most Interesting Thing In A.I. In both episodes, they examine the intersection of two trending topics: AI and sustainability, discussing the environmental impact of AI and the balance between AI's benefits and its environmental footprint. Listen in to this reissued episode in which Scott Likens, PwC Global Chief AI Engineer, and host Heather and Horn discuss: 3:17 – How AI is impacting sustainability 8:54 – Why AI and sustainability aren’t necessarily opposing forces 17:28 – Practical examples of utilizing AI to optimize energy usage 28:22 – The broader benefits of using AI to impact sustainability 31:05 – Balancing AI’s benefits with its environmental footprint 38:32 – Advice for both companies and individuals leveraging AI Also listen as Heather and Scott were guests on The Atlantic's The Most Interesting Thing In A.I. podcast hosted by Nicholas Thompson. In that episode , they expanded the dialogue on AI and its role in addressing climate concerns to further examine the balance between leveraging AI for progress and mitigating its environmental impact. Looking for more from PwC on AI? Check out PwC’s 2 024 US Responsible AI Survey and 2025 AI Business Predictions . Scott Likens is the Global and US Chief AI Engineer leading and overseeing the AI Engineering and Emerging Technology teams in the United States. With more than 30 years of emerging technology experience, he has helped clients transform their customer experience and enhance their digital operations across all aspects of their business. Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Year-end toolkit: Engaging effectively with your audit committee 45:16

6 weeks前45:16

45:16

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. In this episode, we talk about the audit committee from the perspective of management. We discuss strategies for finance teams as they prepare for audit committee meetings to elevate their effectiveness, along with the top issues audit committees are focused on for 2025. In this episode, we discuss: 2:31 – Strategies for improving management communication and collaboration with audit committees 5:00 – Key issues finance teams should prepare to address with audit committees in 2025, including: 5:23 – Impacts of the presidential administration change 8:03 – Best practices for managing the board agenda 12:50 – The role of technology transformation and AI in business 17:09 – Navigating mergers and acquisitions effectively 22:40 – Strengthening risk oversight and enhancing disclosures 26:22 – Insights into core areas of audit committee oversight, including financial reporting and controls 36:33 – Trends and best practices in public company audit committee disclosures Additionally, follow this podcast on your favorite podcast app for more episodes. About our guest: Stephen Parker is a partner in PwC’s Governance Insights Center, which strives to strengthen the connection between directors, executive teams, and investors by helping them navigate the evolving governance landscape. With more than 30 years of experience, Stephen has advised boards of directors on a variety of complex financial reporting matters. Stephen’s client service experience includes energy and utility companies, financial services companies, and nonprofits. About our host: Guest host Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Year-end toolkit: Clarifying the classification of cash flows 42:41

7 weeks前42:41

42:41

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. This episode covers the statement of cash flows - what statement of cash flow areas the SEC is focusing on, why it remains a frequent area of restatement, and the most commonly asked questions our team is seeing in practice. In this episode, we discuss: 4:11 – Key takeaways from the 2024 AICPA/SEC Conference 9:43 – Funds held on behalf of others and assessing predominance 18:48 – Non-cash transactions, constructive receipt and disbursement, and the cash flow treatment of cryptocurrency 28:50 – Gross versus net cash flows and cash flow treatment of: excise taxes, insurance recoveries, and debt restructuring 39:30 – FASB project on the statement of cash flows for financial institutions For more on the statement of cash flow presentation, see Chapter 6 – Statement of cash flows in PwC’s Financial statement presentation guide . Bret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters Suzanne Stephani is a director in PwC’s National Office specializing in the statement of cash flows, as well as the application and interpretation of the accounting guidance related to financing and leasing transactions. About our host Guest host Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Year-end toolkit: Navigating materiality assessments 45:38

7 weeks前45:38

45:38

PwC's accounting podcast

1
Year-end toolkit: Tax accounting and reporting reminders for 2025 37:30

8 weeks前37:30

37:30

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. In this next episode of our series, we discuss tax accounting and reporting reminders with Jennifer Spang, PwC’s National Office income tax accounting leader. We cover a variety of tax accounting and reporting topics, including the impact of recent election results and the associated tax impacts expected in 2025. In this episode, we discuss: 2:40 – Anticipated tax implications following the 2024 US election results 10:50 – Pillar Two 17:36 – The FASB’s disclosure standard 21:58 – Uncertain tax positions 27:56 – Inflation Reduction Act credits and valuation allowances 32:43 – Advice for year-end income tax accounting For more information about key developments at the AICPA & CIMA conference, see our publication, 2024 AICPA & CIMA Conference: Current SEC and PCAOB Developments and see our publication, Accounting for Pillar Two: Frequently asked questions for the latest on the topic. Also, check out our other episodes in this miniseries: Year-end toolkit: Audit reminders for preparers Year-end toolkit: Year in review from the corner office Year-end toolkit: Accounting and reporting reminders for 2025 And please follow this podcast on your favorite podcast app for more episodes. Jennifer Spang is PwC’s National Office income tax accounting leader, specializing in tax accounting under US GAAP and IFRS. She has over 30 years of experience helping companies in a variety of industries navigate complex tax accounting matters. Guest host Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Year-end toolkit: Audit reminders for preparers 38:55

8 weeks前38:55

38:55

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. In this next episode of our miniseries, we discuss audit-related reminders for preparers with Brian Croteau, PwC’s US Chief Auditor. In this episode we share timely insights for preparers to consider for the year-end audit, which is another important part of year-end accounting and reporting. In this episode, we discuss auditing considerations related to: 3:13 – Key takeaways from the AICPA & CIMA Conference: Current SEC and PCAOB Developments 12:06 – Accounting policies and controls 20:28 – The execution or modification of significant contracts and agreements 23:08 – Complete and accurate disclosures within the financial statements 26:48 – Independence 28:54 – Known or suspected fraud or illegal acts 34:44 – AI in financial reporting For more information about key developments at the AICPA & CIMA conference, see our publication, 2024 AICPA & CIMA Conference: Current SEC and PCAOB Developments . Also, check out our other episodes in this miniseries: Year-end toolkit: Year in review from the corner office Year-end toolkit: Accounting and reporting reminders for 2025 Additionally, follow this podcast on your favorite podcast app for more episodes. Brian Croteau is the US Chief Auditor. He oversees the establishment and maintenance of PwC’s audit policies and practices, leads efforts to directly support PwC’s audit quality objectives, and plays a key role in the monitoring and assessment of audit quality. He also leads the firm’s efforts related to its relationship with the PCAOB, including supporting all aspects of the PCAOB’s inspection process. Brian currently serves as a member of the PCAOB’s Standards and Emerging Issues Advisory Group (SEIAG) and the SEIAG’s Emerging Issues in Auditing subcommittee. Prior to rejoining PwC, he served as the Deputy Chief Accountant of the Professional Practice Group within the Office of the Chief Accountant at the SEC where he played a key role in the SEC’s oversight of the activities of the PCAOB, managed the resolution of auditor independence issues and ethical matters, and monitored audit and independence standard setting internationally. Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
Year-end toolkit: Accounting and reporting reminders for 2025 52:59

9 weeks前52:59

52:59

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. In this next episode of our series, we discuss accounting and reporting reminders and timely insights with some of the top technical leaders from our National Office. A one-stop shop for year end, we cover a variety of accounting and reporting topics from contract modifications to financing transactions to segments and many things in between. In this episode, we discuss accounting and reporting reminders related to: 2:03 – Natural disasters 6:04 – Highly inflationary economies 8:20 – Tax regulatory landscape 12:07 – Close calls on impairments and other accounting estimates 14:13 – Revenue 15:56 – Contract modifications 25:41 – Capital raising transactions 32:35 – Statement of cash flows 37:05 – Segment reporting 43:28 – Supplier finance obligations 44:59 – New standards and looking ahead to 2025 Check out the other episode in this miniseries, Year-end toolkit: Year in review from the corner office . Additionally, follow this podcast on your favorite podcast app for more episodes. Beth Paul is a Deputy Chief Accountant in PwC’s National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. She has over 30 years of experience consulting with clients and engagement teams on complex accounting matters. Bret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters Pat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS. Guest host Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…

PwC's accounting podcast

1
2024 Year-end toolkit: Year in review from the corner office 59:35

11 weeks前59:35

59:35

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name. In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it’s not year-end close time. And it’s relevant even for those not engaged in the company’s closing process – the episodes have something for everyone. To kick off the series, host Heather Horn is joined by Tim Carey, PwC National Office leader, and Kyle Moffatt, PwC National Office Professional Practice leader, to reflect on the key developments of 2024 from their perspectives and look ahead at what’s to come in 2025. In this episode, we discuss: 1:45 – External factors impacting accounting and reporting, including the presidential election and the recent AICPA/SEC conference 10:11 – Supreme Court case rulings impacting financial regulation and rulemaking from the year 15:17 – What’s on the horizon for cryptocurrency accounting and the latest on the cybersecurity disclosure rule 27:32 – Notable regulatory activity from the PCAOB, including the costs and benefits of current proposed rules 40:21 – What role the FASB plays in the current regulatory and rulemaking landscape 47:12 – SEC climate disclosure rule and other sustainability requirements 53:30 – What’s in store for 2025 Tim Carey is PwC’s National Office leader, with 30+ years of experience in complex accounting, tax, and reporting issues. Tim has led large-scale teams on a wide range of projects including financial statement audits, transaction structuring, financial due diligence, and post-merger integration. Kyle Moffatt is PwC’s Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC’s global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com .…