Q3 2024 Quarterly Outlook
Issues & Trends | September 2024
Our quarterly update on accounting and financial reporting developments, including SEC matters and FASB activity.
乐鱼（Leyu）体育官网 reports on major accounting and financial reporting developments that could affect companies in the current period or near term. This quarter we feature recent SEC and FASB headlines, provide an update on sustainability reporting, and address PCAOB developments of interest to audit committees.
Key Impacts:
For Q3 2024:
- The FASB is set to unveil seven proposals for public comment. The proposals cover a range of topics 鈥� many garnering broad interest. Among them, a new proposal that would introduce scope changes to ASC 815 (derivatives and hedging).
- The SEC staff has shared additional views on applying ASC 280 (segments), including adopting ASU 2023-07 on segment reporting. In addition, the SEC鈥檚 ongoing focus on cybersecurity disclosure is evident. The SEC staff has issued another statement and new Compliance and Disclosure Interpretations (C&DIs) on the SEC鈥檚 new cybersecurity disclosure rules, emphasizing the importance of transparency in this critical area.
- On sustainability, amendments to the California climate laws have progressed 鈥� signaling that companies should not delay moving forward with their preparation for adoption 鈥� and regulation and guidance from the European Union continues apace.
- The PCAOB continues to be particularly active, with several developments garnering attention this quarter. Notably, the SEC has approved various PCAOB standard-setting and rulemaking actions, which the SEC chair has cited as 鈥榳ins for investors'. In addition, a Q2 proposal concerning firm- and engagement-level metrics has elicited considerable feedback from audit firms and other key stakeholders.
Report contents
- Current quarter financial reporting matters
- New standards and guidance
- Projects and agenda priorities
- Recommended reading and CPE opportunities
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Q3 2024 Quarterly Outlook
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Q3 2024 Quarterly Outlook
乐鱼（Leyu）体育官网 professionals discuss this quarter鈥檚 accounting and financial reporting headlines.
Quarterly Outlook
Quarterly updates on accounting and financial reporting developments, including SEC matters and FASB activity.
Sustainability reporting
乐鱼（Leyu）体育官网 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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