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On September 6, 2023, FASB approved narrowly focused accounting guidance for certain digital assets and a final accounting standard update is expected to be released in the fourth quarter. This paper includes details on a new IRS proposal and legal challenges to determine federal oversight of this asset class.
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FASB has issued its first-ever guidance providing recognition and initial measurement for joint ventures. Read on for details on the…
ASU 2021-08, which offers guidance on contract assets and liabilities acquired in a business combination, is now effective for PBEs. Read…
Well and pipeline operators in Texas can now apply for a severance tax exemption on otherwise vented or flared gas. Read on for details.
The SEC has approved a final rule that significantly expands oversight, disclosure, and audit requirements for private funds. Read on for…
A FASB exposure draft would require PBEs to disclose additional info about the types of expenses included in expense line items. Read on…
This article provides details on ESG developments involving the SEC, the ISSB, and European Union standard setters for 2Q 2023. Read on for…