Accounting and regulatory update for public and private companies

Our first quarter update provides a summary of newly released accounting guidance, as well as financial reporting and regulatory activities that may impact both public and private companies.

Topics include:

• Accounting guidance
  • Accounting guidance issued in first quarter 2024
  • Accounting guidance effective first quarter 2024: Public companies
  • Accounting guidance effective for years ended Dec. 31, 2024: Public companies
  • Accounting guidance effective for years ended Dec. 31, 2024: Private companies
• Regulatory update
  • SEC adopts rules to enhance investor protections relating to SPACs, shell companies, and projections
  • SEC adopt amendments to enhance private fund reporting
  • SEC adopts rules to enhance and standardize climate-related disclosures for investors
• Standards issued in 2024
• Standards issued in prior years effective 2024 or after