This article provides updates on accounting, standard setting, and reporting developments for the second quarter. Topics include FASB standard setting and SEC activity.

This paper provides an overview of proposed and final standards issued by FASB from April to June 2022, along with recent updates on outstanding exposure drafts and ongoing projects.

FASB has issued an exposure draft that would extend the effective date for ASU 2020-04 and expand the definition of SOFR, the replacement reference rate.

The SEC has proposed rules covering SPACs and IPOs and business combinations with private operating companies (de-SPAC transactions).

This article addresses key accounting and financial reporting considerations for public companies as they begin to prepare first quarter and year-end financial statements.

The SEC has released a 506-page proposal in response to investor and company requests for more standardized guidance on ESG issues.

This paper provides an overview of proposed and final standards issued by FASB from January to March 2022, along with recent updates on outstanding exposure drafts and active projects.

Despite renewed demands for increased and more standardized disclosures on ESG issues, domestic regulatory action is slowly moving forward.

The SEC issued a proposal on March 9 to address cybersecurity threats, which pose an escalating risk to public companies, investors, and market participants.

An SEC proposal would create new rules to enhance cybersecurity preparedness and improve the resilience of investment companies and advisers against attacks.