The American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants recently held their annual Conference on SEC and PCAOB Developments. This article provides a summary of selected comments from various conference speakers focusing on accounting and financial reporting topics. This summary does not capture all conference discussions; it is intended to highlight trending issues and recurring themes relevant to our clients. Topics included cryptocurrency; environmental, social, and governance; non-GAAP measures; and the economy.
Highlights from AICPA’s SEC Conference
AICPA • January 21, 2023
Presenters included a wide range of representatives from the SEC, PCAOB, FASB, the Center for Audit Quality (CAQ), and the AICPA. The PCAOB focused on audit quality and announced a five-year plan to overhaul more than 30 standards that accountants must follow in auditing public companies. FASB provided an update on recent standard setting.
