In this section, we provide brief updates from the previous quarter on regulatory developments in auditing and accounting that may impact Japanese companies in the United States. Further discussion of the issues can be found in 乐鱼（Leyu）体育官网's Department of Professional Practice's Defining Issues.
US company impact of EU ESG reporting requirements
December 2, 2022
Corporate Sustainability Reporting Directive now formally adopted by the EU.
FASB proposes ASU on common control lease arrangements
December 2022
The proposed amendments would change ASC 842 for common control lease arrangements and related leasehold improvements.
Simplified accounting for tax equity investments
December 1, 2022
EITF reaches final consensus to expand use of the proportional amortization method to additional tax equity investments.
(PDF)
Compensation clawback rules to create transparency
November 4, 2022
Final rules require issuers to establish a 'recovery policy' for erroneously awarded incentive-based compensation.
(PDF)
Accounting for joint venture formations to be clarified
October 28, 2022
Proposed ASU would require a joint venture formation transaction to be measured at fair value.
(PDF)
FASB decides how to measure crypto assets
October 12, 2022
Entities would measure in-scope crypto assets on a recurring basis at fair value.
Improving segment disclosures
October 7, 2022
FASB proposes enhancements to segment disclosures, including significant segment expenses.
(PDF)
Enhanced transparency about supplier finance program obligations
September 30, 2022
Buyers of goods and services to disclose information about their use of supplier finance programs.
(PDF)
FASB affirms ASU 2018-12 transition guidance amendment
September 23, 2022
Amendment to long-duration contracts improvements to exclude certain contracts or legal entities sold and derecognized.
EGC eligibility threshold amended under JOBS Act
September 14, 2022
SEC adopts final rules implementing inflation adjustments required by the JOBS Act.
Pay versus performance disclosures required in proxy and information
September 1, 2022
New disclosure requirements link executive compensation and financial performance.
(PDF)
SEC publishes draft FY 22-26 Strategic Plan for comment
August 26, 2022
The draft plan outlines the SEC’s mission, planned initiatives and strategic goals for the next four years.