Podcasts about corporation finance

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.comWe continue our video podcast miniseries focused on SEC reporting, helping you stay current on the evolving SEC landscape while taking a “back to basics” look at key reporting areas.In today's episode, we discuss Form 8-K, a critical SEC filing that ensures timely disclosure of significant corporate events. While foundational in nature, Form 8-K reporting involves a range of complex triggers and tight deadlines. We explore the fundamentals and hot topics shaping today's Form 8-K reporting environment—including cybersecurity disclosure requirements, materiality assessments, and frequent challenges.In this episode, we discuss:0:57 – Overview of Form 8-K reporting requirements4:13 – Cybersecurity incident triggers and reporting requirements7:58 – Key reminders and insights into frequent questions and common pitfalls, including:15:05 –Acquisitions, dispositions, restructurings, and impairments 21:40 – Corporate governance-related activities22:55 – Change in auditor25:21 – Material contracts27:04 – Change in segmentsIn case you missed it – check out the other episodes in this video podcast miniseries:Inside SEC reporting: Capital formationInside SEC reporting: Acquisitions and divestituresInside SEC reporting: Pro forma financial informationBe sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.About our guestsRaquel Fox is co-head of Skadden's SEC Reporting and Compliance practice and the head of the firm's U.S. ESG practice. She concentrates her practice in the areas of capital markets, M&A, corporate governance, and general corporate and securities matters, advising clients on the full range of SEC reporting and compliance requirements.Kevin Vaughn is a PwC National Office partner specializing in SEC reporting matters. He leverages his extensive experience to support PwC public company and pre-IPO clients on accounting and SEC reporting matters. Prior to joining PwC in 2023, he spent over 18 years at the SEC, most recently serving on the leadership team in the SEC's Office of the Chief Accountant where he focused on technical accounting consultations, SEC rulemakings, and standard setting matters.About our guest hostKyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, he spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation.

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.comWe continue our video podcast miniseries focused on SEC reporting, helping you stay current on the evolving SEC landscape while taking a “back to basics” look at key reporting areas.In today's episode, we discuss pro forma financial information. We break down when and why pro formas are required under SEC rules, and we discuss key considerations on preparation and presentation; we also share common pitfalls. Whether you're dealing with an acquisition, divestiture, or capital raise, this episode brings you key insights to help you navigate the requirements for pro forma financial information. In this episode, we discuss: 1:40 – Types of transactions that typically require SEC pro forma financial information 7:02 – “Significance” and when it triggers pro forma reporting requirements 10:22 – Types of filings in which pro forma financial information may be included 11:52 – Pro forma financial information reporting requirements12:18 – Reporting periods required 15:30 – Form and content of reporting 24:10 – Types of pro forma adjustments (i.e., transaction accounting, autonomous entity adjustment, management adjustment) 36:06 – Prohibitions on the presentation of pro forma financial information 38:25 – Other reminders, including treatment of multiple transactions and tax effects In case you missed it – check out the other episodes in this video podcast miniseries: Inside SEC reporting: Capital formation  Inside SEC reporting: Acquisitions and divestitures Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.About our guest Scott Feely is a partner in PwC's National Office. He has over 30 years of experience supporting clients as they address the SEC and financial reporting implications of their capital markets and merger and acquisition-related activities. About our guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.com.We continue our video podcast miniseries focused on SEC reporting, helping you stay current on the evolving SEC landscape while taking a “back to basics” look at key reporting areas. In today's episode, we discuss acquisitions and divestitures—transactions that often involve complex reporting requirements. We cover technical guidance and practical implications for a range of deal-related topics, including significance tests, carve-out financials, spin-off considerations, and more. In a deal environment that is both volatile and diverse, understanding reporting nuances is essential for staying ahead of regulatory requirements and market expectations. In this episode, we discuss: 2:39 – Overview of the current M&A environment 6:50 – Distinctions between business acquisitions under US GAAP and SEC rules 9:58 – Reporting considerations for significant acquisitions, including: 16:07 – Applying the three-part significance test 23:20 – Requirements tied to Form 8-K, registration statements, and Form S-4 31:02 – Practical M&A insights 38:31 – Divestiture reporting and carve-out financial statement considerations 49:30 – Standalone reporting for divested businesses, including spin-offs, subsidiary IPOs, and private sales.In case you missed it – check out the first episode of this video podcast miniseries, Inside SEC reporting: Capital formation. Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.About our guests Scott Feely is a partner in PwC's National Office. He has over 30 years of experience supporting clients as they address the SEC and financial reporting implications of their capital markets and merger and acquisition-related activities. Liz Crego is a seasoned deals advisor and our US Deals Clients and Markets leader who specializes in accounting and financial reporting associated with complex global transactions, including divestitures, capital raising activities, and M&A across sectors.  About our guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.  Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.comThis episode kicks off a new video miniseries focused on SEC reporting that will keep you up to speed on the SEC landscape and take a “back to basics” look at key reporting areas. In today's episode, we cover capital raising, one of the pillars of the SEC's tripartite mission and a focus of the new SEC Chairman. Whether you're preparing for an IPO or navigating ongoing public company reporting, this discussion breaks down the key requirements and considerations. From SEC filing requirements to readiness, our guests share insights for companies at every stage of growth. In this episode, we discuss: 1:11 – Overview of the capital markets, including IPO activity 4:48 – Key disclosure obligations for new public companies 17:47 – Overview of the IPO process (e.g., SEC reviews, confidential filings, roadshow and pricing process) 24:05 – Financial disclosures, interim reporting, and pro forma adjustments 32:36 – Public company readiness (e.g., governance, systems, investor communications) 36:12 – Other capital raising considerations (e.g., follow-on offerings, shelf registrations, seasoned issuer reviews) Be sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.  About our guests Ryan Spencer is a partner at PwC's National Office specializing in SEC financial reporting. He has over 25 years of experience serving clients and is a frequent contributor to PwC's publications and communications. Mike Bellin is a PwC Deals partner who leads PwC's US Capital Markets practice. Mike advises clients on accessing the debt and equity capital markets by providing clients with technical/project management advice on complex accounting and financial reporting issues associated with the SEC registration process, IPOs, direct listings, SPAC mergers, 144A debt and equity offerings, divestitures, spin-offs and carve-outs, and GAAP conversions. About our guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We continue our back-to-basics series on financial statement presentation and disclosure with a focus on loans, receivables, and investments – accounts that affect nearly every business. In this episode, we walk through the key presentation and disclosure requirements and examine recent guidance updates for creditors accounting for certain loan modifications.In this episode, we discuss:2:05 – Key considerations for loans and receivables, including:3:08 – Presentation in the balance sheet and income statement7:20 – Disclosure requirements8:35 – New guidance (ASU 2022-02) on creditors' accounting for certain loan modifications 13:30 – Key considerations for investments, including:14:05 – Presentation in the balance sheet and income statement18:22 – Disclosure requirementsFor more information, see chapter 9 of our Financial statement presentation guide and our Loans and investments guide. You can also listen to the other episodes in this miniseries:Reporting reset – Presentation fundamentalsReporting reset – Fair value disclosuresReporting reset – Consolidation disclosuresReporting reset – Stock-based compensationBe sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.About our guestCatherine Espino is a partner in PwC's National Office with 20 years of experience serving large financial institutions, broker-dealers, as well as smaller subsidiaries and private companies. Catherine focuses on advising companies within the financial services and non-financial services sectors on significant and complex accounting issues.About our guest hostKyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.comAs the headlines continue to highlight, the sustainability reporting landscape is evolving rapidly in the US and beyond. In this episode, we kick off our miniseries on the foundations of sustainability reporting by exploring key US regulatory shifts under the new administration, the role of sustainability initiatives in various US states, and global sustainability reporting trends and updates. We break down what these developments mean for businesses and how to prepare for what's to come.In this episode, we discuss:02:53 – The fast-changing sustainability reporting landscape05:54 – SEC climate rule updates and expected regulatory shifts22:33 – State sustainability regulations: California and other states27:13 – The potential impact of the upcoming EU's omnibus regulations30:06 – How to move forward amid uncertaintyLooking for the latest developments in sustainability reporting? Read PwC's Sustainability reporting guideRefer to Acting Chairman Mark Uyeda's Statement on climate-related disclosure rulesFollow our series and subscribe to our weekly newsletter to stay in the loop About our guestKyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.About our hostHeather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.2025 has ushered in a new wave of public policy changes with the return of the Trump administration and Republican control of all three branches of government. From executive orders and regulatory shifts to SEC developments, trade policies, and AI regulation, businesses are facing a rapidly-evolving landscape. In this episode, we break down the latest updates and the impacts they could have on businesses.In this episode, we discuss:1:50 – The rapid pace of executive orders and regulatory actions9:27 – The current priorities of the new administration22:30 – Potential impacts on the PCAOB and SEC 40:29 – Tax policy outlook and potential corporate tax changes49:21 – AI regulation, mergers and acquisitions, and moreFor more on the new administration's impacts on tax policy, listen to PwC's Accounting podcast episode: US tax policy outlook – What's ahead of 2025. Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop for the latest thought leadership on sustainability standards. About our guestRoz Brooks is PwC's US Public Policy Leader. Roz is responsible for ensuring PwC has a voice in important debates at the nexus of business and government and helping the firm successfully execute its business strategy. Roz leads PwC's engagement with Congress, the White House, regulatory agencies, state and local governments, and organizations including trade associations, think tanks, and NGOs.About our hostGuest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.If you have any questions about our series, reach out to us at us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.With a new administration in place and key provisions of the Tax Cuts and Jobs Act set to expire, 2025 is shaping up to be a pivotal year for US tax policy. In this episode, we break down the latest policy developments, potential new legislation, and what these changes could mean for businesses.In this episode, we discuss:1:41 – The current landscape of US tax policy6:31 – The legislative roadmap, including budget reconciliation13:14 – Key provisions likely to shape a 2025 tax bill23:31 – International tax initiatives and their connection to US policy29:05 – Steps businesses can take to prepare for tax changesFor more information, see our publication, 2025 Tax Policy Outlook: A year for action. Additionally, follow this podcast on your favorite podcast app for more episodes.About our guest:Pat Brown is PwC's Washington National Tax Services co-leader. Prior to joining PwC, he spent 16 years in the private sector, including as the director of tax policy for a Fortune 50 company. Pat has also served in the US Treasury's Office of Tax Policy as an attorney-advisor and as Associate International Tax Counsel.About our host:Guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.The FASB's new disaggregation of income statement expenses (DISE) standard requires disclosures about specific types of expenses included in the expense captions presented on the face of the income statement as well as disclosures about selling expenses. In this episode, we explore the scope, key provisions, and practical challenges of implementing the new standard.In this episode, we discuss:2:32 – Overview of FASB's DISE standard5:00 – Which entities are impacted by the new requirements7:53 – Key disclosure requirements, including tabular reporting13:26 – Challenges in disclosing inventory-related expenses20:07 – Use of estimates and data limitations in reporting27:33 – Transition timeline and practical steps for implementationFor more information, see our publication, FASB issues new disaggregated expense disclosure requirements (DISE). Additionally, follow this podcast on your favorite podcast app for more episodes.About our guests:Angela Fergason is a partner and standard setting leader in PwC's National Office who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Gary Sardo is a partner in PwC's National Office who specializes in financial reporting matters that impact health industries and, more broadly, consults on a range of accounting topics, including acquisitions, divestitures, consolidation, and revenue recognition. Prior to this role, Gary completed a two-year fellowship at the FASB. About our host:Guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone.In this episode, we provide an overview of new standards effective in 2025. Our discussion will help get you up to speed as you prepare for 2025 (and don't forget that the impact of adopting new standards may also need to be disclosed in your 2024 financial statements).In this episode, we discuss new standards related to the following topics:2:08 – An overview of the new standards effective in 20253:42 – Joint venture formations12:53 – Crypto assets24:39 – Profits interests and similar awards33:39 – Investments in tax credit entitiesAdditionally, follow this podcast on your favorite podcast app for more episodes.About our guest:Jay Seliber is a partner in PwC's National office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions.About our host:Guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone. In this episode, we talk about the audit committee from the perspective of management. We discuss strategies for finance teams as they prepare for audit committee meetings to elevate their effectiveness, along with the top issues audit committees are focused on for 2025.  In this episode, we discuss:  2:31 – Strategies for improving management communication and collaboration with audit committees5:00 – Key issues finance teams should prepare to address with audit committees in 2025, including:5:23 – Impacts of the presidential administration change8:03 – Best practices for managing the board agenda12:50 – The role of technology transformation and AI in business17:09 – Navigating mergers and acquisitions effectively   22:40 – Strengthening risk oversight and enhancing disclosures26:22 – Insights into core areas of audit committee oversight, including financial reporting and controls36:33 – Trends and best practices in public company audit committee disclosures Additionally, follow this podcast on your favorite podcast app for more episodes.About our guest:Stephen Parker is a partner in PwC's Governance Insights Center, which strives to strengthen the connection between directors, executive teams, and investors by helping them navigate the evolving governance landscape. With more than 30 years of experience, Stephen has advised boards of directors on a variety of complex financial reporting matters. Stephen's client service experience includes energy and utility companies, financial services companies, and nonprofits. About our host:Guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.  Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone.This episode covers the statement of cash flows - what statement of cash flow areas the SEC is focusing on, why it remains a frequent area of restatement, and the most commonly asked questions our team is seeing in practice.In this episode, we discuss:4:11 – Key takeaways from the 2024 AICPA/SEC Conference9:43 – Funds held on behalf of others and assessing predominance18:48 – Non-cash transactions, constructive receipt and disbursement, and the cash flow treatment of cryptocurrency28:50 – Gross versus net cash flows and cash flow treatment of: excise taxes, insurance recoveries, and debt restructuring39:30 – FASB project on the statement of cash flows for financial institutionsFor more on the statement of cash flow presentation, see Chapter 6 – Statement of cash flows in PwC's Financial statement presentation guide.Bret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting mattersSuzanne Stephani is a director in PwC's National Office specializing in the statement of cash flows, as well as the application and interpretation of the accounting guidance related to financing and leasing transactions.About our hostGuest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone.In this next episode of our series, PwC's US Assurance Quality Management leader, Michael Mullen, shares insights and key reminders on navigating materiality judgments.In this episode, we discuss:  4:51 – A refresher on the framework for assessing materiality and errors in financial statements20:44 – Recent SEC statements and areas of focus relating to materiality and errors31:43 – Considerations related to fraud and illegal acts 37:47 – Final advice and key takeaways in navigating materiality assessments Check out our other episodes in this miniseries:Year-end toolkit: Year in review from the corner officeYear-end toolkit: Accounting and reporting reminders for 2025Year-end toolkit: Audit reminders for preparersYear-end toolkit: Tax accounting and reporting reminders for 2025Additionally, follow this podcast on your favorite podcast app for more episodes.Michael Mullen is PwC's US Assurance Quality Management leader. In this role, he oversees complex client issues, providing technical insights and expertise in support of overall quality. With over 35 years of client service experience, Michael has led numerous global client engagements.  Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.  Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone.In this next episode of our series, we discuss tax accounting and reporting reminders with Jennifer Spang, PwC's National Office income tax accounting leader. We cover a variety of tax accounting and reporting topics, including the impact of recent election results and the associated tax impacts expected in 2025.In this episode, we discuss:2:40 – Anticipated tax implications following the 2024 US election results10:50 – Pillar Two 17:36 – The FASB's disclosure standard 21:58 – Uncertain tax positions27:56 – Inflation Reduction Act credits and valuation allowances32:43 – Advice for year-end income tax accountingFor more information about key developments at the AICPA & CIMA conference, see our publication, 2024 AICPA & CIMA Conference: Current SEC and PCAOB Developments and see our publication, Accounting for Pillar Two: Frequently asked questions for the latest on the topic.Also, check out our other episodes in this miniseries:Year-end toolkit: Audit reminders for preparersYear-end toolkit: Year in review from the corner officeYear-end toolkit: Accounting and reporting reminders for 2025And please follow this podcast on your favorite podcast app for more episodes.Jennifer Spang is PwC's National Office income tax accounting leader, specializing in tax accounting under US GAAP and IFRS. She has over 30 years of experience helping companies in a variety of industries navigate complex tax accounting matters.Guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone. In this next episode of our miniseries, we discuss audit-related reminders for preparers with Brian Croteau, PwC's US Chief Auditor. In this episode we share timely insights for preparers to consider for the year-end audit, which is another important part of year-end accounting and reporting. In this episode, we discuss auditing considerations related to: 3:13 – Key takeaways from the AICPA & CIMA Conference: Current SEC and PCAOB Developments12:06 – Accounting policies and controls20:28 – The execution or modification of significant contracts and agreements23:08 – Complete and accurate disclosures within the financial statements 26:48 – Independence28:54 – Known or suspected fraud or illegal acts 34:44 – AI in financial reportingFor more information about key developments at the AICPA & CIMA conference, see our publication, 2024 AICPA & CIMA Conference: Current SEC and PCAOB Developments. Also, check out our other episodes in this miniseries:Year-end toolkit: Year in review from the corner officeYear-end toolkit: Accounting and reporting reminders for 2025Additionally, follow this podcast on your favorite podcast app for more episodes.Brian Croteau is the US Chief Auditor. He oversees the establishment and maintenance of PwC's audit policies and practices, leads efforts to directly support PwC's audit quality objectives, and plays a key role in the monitoring and assessment of audit quality. He also leads the firm's efforts related to its relationship with the PCAOB, including supporting all aspects of the PCAOB's inspection process. Brian currently serves as a member of the PCAOB's Standards and Emerging Issues Advisory Group (SEIAG) and the SEIAG's Emerging Issues in Auditing subcommittee. Prior to rejoining PwC, he served as the Deputy Chief Accountant of the Professional Practice Group within the Office of the Chief Accountant at the SEC where he played a key role in the SEC's oversight of the activities of the PCAOB, managed the resolution of auditor independence issues and ethical matters, and monitored audit and independence standard setting internationally. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone.In this next episode of our series, we discuss accounting and reporting reminders and timely insights with some of the top technical leaders from our National Office. A one-stop shop for year end, we cover a variety of accounting and reporting topics from contract modifications to financing transactions to segments and many things in between.In this episode, we discuss accounting and reporting reminders related to:2:03 – Natural disasters6:04 – Highly inflationary economies8:20 – Tax regulatory landscape12:07 – Close calls on impairments and other accounting estimates14:13 – Revenue15:56 – Contract modifications25:41 – Capital raising transactions32:35 – Statement of cash flows37:05 – Segment reporting43:28 – Supplier finance obligations44:59 – New standards and looking ahead to 2025Check out the other episode in this miniseries, Year-end toolkit: Year in review from the corner office. Additionally, follow this podcast on your favorite podcast app for more episodes. Beth Paul is a Deputy Chief Accountant in PwC's National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. She has over 30 years of experience consulting with clients and engagement teams on complex accounting matters.Bret Dooley is a PwC National Office Deputy Chief Accountant who leads teams focused on the financial services sectors and accounting for financial instruments. He has over 25 years of experience in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues related to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting mattersPat Durbin is a PwC National Office Deputy Chief Accountant. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Guest host Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. The conversations are relevant for all finance teams, even if it's not year-end close time. And it's relevant even for those not engaged in the company's closing process – the episodes have something for everyone.To kick off the series, host Heather Horn is joined by Tim Carey, PwC National Office leader, and Kyle Moffatt, PwC National Office Professional Practice leader, to reflect on the key developments of 2024 from their perspectives and look ahead at what's to come in 2025. In this episode, we discuss:1:45 – External factors impacting accounting and reporting, including the presidential election and the recent AICPA/SEC conference10:11 – Supreme Court case rulings impacting financial regulation and rulemaking from the year15:17 – What's on the horizon for cryptocurrency accounting and the latest on the cybersecurity disclosure rule27:32 – Notable regulatory activity from the PCAOB, including the costs and benefits of current proposed rules40:21 – What role the FASB plays in the current regulatory and rulemaking landscape47:12 – SEC climate disclosure rule and other sustainability requirements53:30 – What's in store for 2025Tim Carey is PwC's National Office leader, with 30+ years of experience in complex accounting, tax, and reporting issues. Tim has led large-scale teams on a wide range of projects including financial statement audits, transaction structuring, financial due diligence, and post-merger integration.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.This final episode of our 2024 SEC comment letter podcast miniseries discusses non-GAAP measures. Non-GAAP measures are commonly used by companies as supplements to their financial statements to deepen investors' understanding of their performance or financial condition. Given their importance, not only does non-GAAP top the list this year, but it's been a top focus area for the SEC staff in the last several years, and we expect that trend to continue. We discuss the issues most frequently raised by the SEC staff and offer advice to preparers for getting ahead of them.  In this episode, we discuss: 3:11 – Overview of non-GAAP comment letter trends 9:09 – Insights into comments on basic compliance areas 22:24 – Individually tailored accounting principles   27:27 – Adjustments for cash operating expenses that are normal and recurring41:17 – Controls over non-GAAP measures46:12 – Advice and other considerations when responding to comment letters51:38 – Potential post-election impacts on the SEC For more information, see our full analysis of  SEC comment letter trends and our publication Earnings with a twist: 2024 update on SEC non-GAAP comment trends. Also, check out our other episodes in this miniseries.  Kevin Vaughn is a PwC National Office partner specializing in SEC reporting matters. Kevin leverages his extensive experience to support PwC public company and pre-IPO clients on accounting and SEC reporting matters. Prior to joining PwC in 2023, Kevin spent over 18 years at the SEC, most recently serving on the leadership team in the SEC's Office of the Chief Accountant where he focused on technical accounting consultations, SEC rulemakings, and standard setting matters. Lindsay McCord is a PwC National Office partner specializing in matters related to the SEC and the capital markets. Prior to joining PwC, Lindsay spent over 15 years at the SEC, most recently as the Chief Accountant in the Division of Corporation Finance. In this role, Lindsay led an accounting team in providing technical accounting and reporting support to the Division, including SEC rulemaking, interpretation, and guidance. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.This next episode of our 2024 SEC comment letter podcast miniseries discusses Foreign Private Issuers (FPIs). Many of the considerations we talk about for other SEC filers also apply to FPIs; however, there can be some differences and added complexities. We discuss the issues most frequently raised by the SEC staff, including those unique to FPIs, and offer advice to preparers for getting ahead of them. In this episode, we discuss:7:24 – Comment letter trends specific to FPIs, including those related to: 8:55 – Non-GAAP performance measures16:15 – Segment reporting21:32 – Revenue25:01 – Management's Discussion and Analysis30:29 – Financial instruments41:39 – FPI status re-assessment44:53 – IFRS segment reporting considerations  47:45 – Other accounting and reporting reminders related to FPIsFor more information, see our full analysis of SEC comment letter trends. Also, check out our other episodes in this miniseries:SEC comment letters – What's trending in 20242024 SEC comment letter trends: Revenue2024 SEC comment letter trends: Business combinations2024 SEC comment letter trends: Segment reporting2024 SEC comment letter trends: MD&AAdditionally, follow this podcast on your favorite podcast app for more episodes.Patrick Higgins is a Deputy Chief Accountant in PwC's National Office responsible for our SEC foreign private issuer and IFRS teams. Patrick has also served as a global signing partner in a variety of countries and industries.   Kevin Vaughn is a PwC National Office partner specializing in SEC reporting matters. Kevin leverages his extensive experience to support PwC public company and pre-IPO clients on accounting and SEC reporting matters. Prior to joining PwC in 2023, Kevin spent over 18 years at the SEC, most recently serving on the leadership team in the SEC's Office of the Chief Accountant where he focused on technical accounting consultations, SEC rulemakings, and standard setting matters.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.This next episode of our 2024 SEC comment letter podcast miniseries discusses Management's Discussion and Analysis (MD&A). Investors are often focused on MD&A as they look to understand management's commentary on the results of the business, future trends, uncertainties, and more – making this an area that also frequently gets the attention of the SEC staff. We discuss the issues most frequently raised by the SEC staff and offer advice to preparers for getting ahead of them.In this episode, we discuss:2:21 – An overview of SEC comment letter trends related to MD&A 10:57 – The results of operations 20:43 – Liquidity and capital resources27:19 – Critical accounting estimates35:16 – Final reminders and best practices related to MD&A  For more information, see our full analysis of SEC comment letter trends. Also, check out our other episodes in this miniseries:SEC comment letters – What's trending in 20242024 SEC comment letter trends: Revenue2024 SEC comment letter trends: Business combinations2024 SEC comment letter trends: Segment reportingAdditionally, follow this podcast on your favorite podcast app for more episodes.Ryan Spencer is a partner at PwC's National Office specializing in SEC financial reporting. He has over 20 years of experience serving clients and is a frequent contributor to PwC's publications and communications.Scott Feely is a partner in PwC's National office. He has over 30 years of experience supporting clients as they address the SEC and financial reporting implications of their capital markets and merger and acquisition-related activities.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.This next episode of our 2024 SEC comment letter podcast miniseries discusses segment reporting.  Segment reporting is an important disclosure for investors as it provides information about the different types of business activities in which a reporting entity engages and the different economic environments in which it operates – making this an area that frequently gets the attention of the SEC staff. We discuss the issues most frequently raised by the SEC staff and offer advice to preparers for getting ahead of them. In this episode, we discuss: 2:36 – An overview of SEC comment letter trends related to segment reporting11:49 – Identifying operating segments15:13 – Aggregation of operating segments 16:36 – Entity-wide segment disclosures 19:18 – Multiple measures of segment profit or loss20:55 – Reconciliations to segment profit or loss 23:18 – Considerations when adopting the FASB's new segment reporting guidance35:21 – Final reminders related to segment reporting For more information, see our full analysis of SEC comment letter trends and Chapter 25 of our Financial statement presentation guide. Also, check out our other episodes in this miniseries:  SEC comment letters – What's trending in 2024  2024 SEC comment letter trends: Revenue2024 SEC comment letter trends: Business combinations Additionally, follow this podcast on your favorite podcast app for more episodes. Scott Feely is a partner in PwC's National office.  He has over 30 years of experience supporting clients as they address the SEC and financial reporting implications of their capital markets and merger and acquisition-related activities. Jay Seliber is a partner in PwC's National office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.  Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.This next episode of our 2024 SEC comment letter podcast miniseries discusses business combinations. Business combination accounting can be complex, the required disclosures are comprehensive, and these are not routine transactions for most companies – all making this a challenging area that frequently gets the attention of the SEC staff. We discuss the issues most frequently raised by the SEC staff and offer advice to preparers for getting ahead of them.In this episode, we discuss:2:02 – An overview of SEC comment letter trends related to business combinations5:14 – Determining whether a transaction is an asset acquisition or business combination7:34 – The definition of a “business” in US GAAP as compared to SEC rules9:23 – Comments related to omitted disclosures12:39 – Pro forma disclosures and financial statements of acquired or to-be-acquired businesses25:45 – Other reminders and areas of focus related to business combinationsFor more information, see our full analysis of SEC comment letter trends, our Business combinations guide, and Chapter 17 of our Financial statement presentation guide. Also, check out our other episodes in this miniseries: SEC comment letters – What's trending in 2024 2024 SEC comment letter trends: Revenue Additionally, follow this podcast on your favorite podcast app for more episodes.Beth Paul is a Deputy Chief Accountant in PwC's National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting.Kevin Vaughn is a PwC National Office partner specializing in SEC reporting matters. Kevin leverages his extensive experience to support PwC public company and pre-IPO clients on accounting and SEC reporting matters. Prior to joining PwC in 2023, Kevin spent over 18 years at the SEC, most recently serving on the leadership team in the SEC's Office of the Chief Accountant where he focused on technical accounting consultations, SEC rulemakings, and standard setting matters.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.We are kicking off our miniseries on 2024 SEC staff comment letters, helping to inform you on the latest trends as you gear up for year end. In this episode we share an overview of the 2024 comment letter trends, as well as insights into the SEC staff's key priorities.In this episode, we discuss:1:56 – An overview of the SEC comment letter process14:19 – 2024 SEC comment letter themes15:31 – Key SEC staff focus areas related to management's discussion and analysis18:59 – Key SEC staff focus areas related to non-GAAP measures21:37 – Other reminders and areas that preparers should focus on moving into year endFor more information, see our full analysis of SEC comment letter trends. Additionally, follow this podcast on your favorite podcast app for more episodes. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is the PwC National Office Sustainability and Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Text us your thoughts on this episodeThis episode is your one-stop shop covering the latest reporting and rulemaking developments at the SEC. With almost 40 years of combined experience at the SEC, our guests, National Office partners Kyle Moffatt and Kevin Vaughn, share their insights on all things SEC.In this episode, we discuss:2:10 – Potential impacts of a change in presidential administration5:40 – The SEC's rulemaking agenda7:28 – Recent court actions impacting the SEC21:10 – Non-GAAP measures29:00 – Cybersecurity37:24 – Artificial intelligence41:33 – Other SEC focus areas46:36 – 90 years of history at the SECFor more information on topics discussed during the podcast see our publications To GAAP or to non-GAAP, SEC adopts cybersecurity disclosure rules, and SEC comment letter trends. For more on the SEC's 90 year history, follow the SEC on LinkedIn. Also, for more of our episodes follow this podcast on your favorite podcast app.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Kevin Vaughn is a partner in PwC's National Office. Prior to joining PwC, Kevin was senior associate chief accountant in the Office of the Chief Accountant (OCA) at the SEC where he spent almost 20 years focusing on complex financial reporting and technical accounting issues.Heather Horn is the PwC National Office Sustainability & Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's quarterly webcast series. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

Text us your thoughts on this episodeWith the finalization of the SEC's climate disclosure rules and subsequent stay, along with other developments in the sustainability reporting landscape, the pace of change can seem dizzying. In this podcast, host Heather Horn sits down with Kyle Moffat, PwC National Office partner, and Casey Herman, PwC Sustainability partner, to take stock of the landscape and consider what companies can and should be doing now to navigate the uncertainty and prepare for future compliance.In this episode, we discuss:2:24 - Status of the SEC's climate disclosure rules and actions taken by the Commission since the rules were finalized in March5:57 - The uncertainties and potential outcomes related to the rules11:06 – Other climate disclosure frameworks and compliance requirements that will move forward regardless of the SEC rules13:25 - The increased awareness of climate risks at the board level and the importance of accuracy in climate reporting16:05 - The continued commitment of companies to their sustainability goals despite regulatory uncertainties18:10 - Why companies continue to set sustainability goals and evaluate climate risks25:15 - What companies should focus on next in today's complex regulatory environmentLooking for the latest developments in sustainability reporting? Follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop for the latest thought leadership on sustainability standards. Also, listen to our deep dive on the SEC climate rules here.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Casey Herman is a PwC Sustainability partner, leading a firmwide, cross functional team that assists companies with important ESG and sustainability matters. His team's work spans from accurately reporting ESG data and progress to designing and implementing sustainable business strategies. Casey has more than 35 years of experience providing trust and consulting services to energy and utility companies. Heather Horn is the PwC National Office Sustainability & Thought Leader, responsible for developing our communications strategy and conveying firm positions on accounting, financial reporting, and sustainability matters. In addition, she is part of PwC's global sustainability leadership team, developing interpretive guidance and consulting with companies as they transition from voluntary to mandatory sustainability reporting. She is also the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

In this episode, host Heather Horn sits down with Kyle Moffatt, PwC's Professional Practice leader, and PwC National Office partners Kevin Vaughn and Valerie Wieman to break down the much-anticipated SEC climate-related disclosures rules.  For more information on the SEC climate-related disclosure rules, refer to our In brief publication. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Kevin Vaughn is a partner in PwC's National Office. Prior to joining PwC, Kevin was senior associate chief accountant in the Office of the Chief Accountant (OCA) at the SEC where he spent almost 20 years focusing on complex financial reporting and technical accounting issues.Valerie Wieman is a PwC National Office partner with over 30 years of experience. She helps lead the creation, development, and publication of our brand-defining thought leadership, with a focus on domestic and international sustainability requirements.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

This episode has CII General Counsel Jeff Mahoney covering the top 10 important events affecting institutional investors from January 29 to February 3.

In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. In this episode, guest host Kyle Moffatt, PwC National Office Professional Practice leader, sits down with PwC's US Trust Solutions Quality Management leader, Michael Mullen, to help us navigate materiality judgments in a challenging financial environment with an increased risk of fraud and error. In this episode, you'll hear: 2:10 - A discussion of the guiding principles of SAB 99 and its importance in the current macroeconomic environment 5:41 - A refresher on the framework for evaluating materiality and errors in financial statements, including both quantitative and qualitative aspects 7:05 - Observations on the increase in SEC staff comments and requests for SAB 99 analyses to support materiality judgments 8:40 - Recent SEC statements on the increased trends in restatements and revisions, including considerations for preparers and auditors working through materiality assessments and reminders on the control implications 15:55 - A discussion of the role of the audit committee and the importance of proactively engaging with those charged with governance when dealing with materiality judgments 17:45 - Key takeaways for preparers and auditors in navigating the heightened risk of fraud and the significance of understanding the role of each stakeholder in the financial reporting process  21:40 - Final advice for preparers on improving processes and controls to effectively avoid errors For more information on key SEC rules, refer to our publications on cybersecurity disclosures and cybersecurity materiality assessments. Additionally, follow this podcast on your favorite podcast app for upcoming episodes in our Year-end toolkit series. Michael Mullen is PwC's US Trust Solutions Quality Management leader. In this role, he oversees complex client issues, providing technical insights and expertise in support of overall quality. With over 30 years of client service experience, Michael has led numerous global client engagements. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process.  In this episode, guest host Kyle Moffatt, PwC National Office Professional Practice leader, sits down with Stephen Parker, a partner in PwC's Governance Insights Center, to discuss the ways that finance teams can effectively communicate with those charged with governance and share insights on key areas of focus for audit committees. In this episode, you'll hear discussion of: 2:00 - The challenges facing both management teams and audit committee members, including the breadth of issues raised to audit committees 7:50 - The top issues finance teams should be prepared to discuss with audit committees, including keeping up with the regulatory and compliance landscape, the evolution of ESG discussions, and the intersection of risk management and strategy 17:58 - Preparing to effectively address new SEC cybersecurity disclosure rules 20:05 - Key insights on feedback heard from audit committees and boards of directors as well as an overview of the results of the Center for Audit Quality (CAQ) 2023 Audit Committee Transparency Barometer report 27:10 -Final advice for management teams engaging with those charged with governance  For more information on key SEC rules, refer to our publications on cybersecurity disclosures and cybersecurity materiality assessments.  Additionally, follow this podcast on your favorite podcast app for upcoming episodes in our Year-end toolkit series. Stephen Parker is a partner in PwC's Governance Insights Center, which strives to strengthen the connection between directors, executive teams, and investors by helping them navigate the evolving governance landscape. With more than 30 years of experience, Stephen has advised boards of directors on a variety of complex financial reporting matters. Stephen's client service experience includes energy and utility companies, financial services companies, and nonprofits. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.  

In each episode of our Year-end toolkit series, our guests share insights on key areas of the year-end accounting and reporting process. In this episode, guest host Kyle Moffatt, PwC National Office Professional Practice leader, sits down with PwC National Office leader Tim Carey and PwC National Office partner Kevin Vaughn to discuss rulemaking priorities and provide helpful reminders for public companies navigating SEC developments as they head into year end. 4:08 - The active pace of rulemaking and how that demonstrates the SEC's priorities 11:00 - Key new and proposed SEC rules: 11:20 - Insights on the new executive incentive compensation clawback rule and the interaction with navigating accounting errors 17:45 - Judgments involved in the new cybersecurity disclosure rule and considerations when assessing materiality for evaluating incidents  26:05 - The impact of new rules on companies preparing for year-end reporting 28:35 - A status update on pending SEC rules, including the human capital and climate proposals 34:20 - The integral role that transparent disclosures play in investor protection  39:00 - Other year-end SEC reporting reminders, including the impact of MD&A in communicating business performance and challenges, insights on pay versus performance disclosures, and reminders on non-GAAP disclosures 48:20 - Final advice for companies preparing for year-end reporting, including takeaways on new FASB standards on segment reporting, crypto assets, and income taxes For more information on key SEC rules, refer to our publications on clawbacks, cybersecurity disclosures, cybersecurity materiality assessments, and the vacated SEC share repurchase rule. Also listen to our 2023 SEC comment letter podcast series for more insights related to SEC reporting.  Tim Carey is PwC's National Office leader, with 30+ years of experience in complex accounting, tax, and reporting issues. Tim has led large-scale teams on a wide range of projects including financial statement audits, transaction structuring, financial due diligence, and post-merger integration. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Kevin Vaughn is a partner in PwC's National Office. Prior to joining PwC, Kevin was senior associate chief accountant in the Office of the Chief Accountant (OCA) at the SEC where he spent almost 20 years focusing on complex financial reporting and technical accounting issues. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

In each episode of our 2023 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, guest host Kevin Vaughn, a partner in PwC's National Office, sat down with fellow PwC National Office partner Jay Seliber to discuss the latest trends in SEC comment letters on segment reporting and share insights on the FASB's new segment reporting standard. In this episode, you'll hear:2:05 - An overview of the trends in comment letters related to segment reporting, including discussion of the identification of operating segments6:37 - A discussion of aggregation of operating segments, including the significance of quantitative and qualitative characteristics analysis11:57 - Insights on comments related to multiple measures of segment profit or loss13:35 - A breakdown of new guidance under ASU 2023-07 Segment Reporting, including:17:53 - Disclosure requirements of significant segment expenses22:06 – Reporting multiple measures of segment profit or loss and the intersection with guidance on non-GAAP measures 30:20 - Considerations for single reportable segment entities34:00 - Information regularly provided to the chief operating decision maker (CODM)40:31 - Effective date and retrospective application of the new standard42:09 - What's ahead for segment reporting and best practices for enhancing disclosuresWant to learn more? Check out our analysis of SEC comments on segment reporting. For further information on segment disclosures read our publication FASB updates segments guidance and our Financial statement presentation guide. Also follow this podcast on your favorite podcast app for more episodes in this comment letter series. Jay Seliber is a partner in PwC's National Office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions. Jay is presently PwC's representative on the FASB's Emerging Issues Task Force.Kevin Vaughn is a partner in PwC's National Office. Prior to joining PwC, Kevin was senior associate chief accountant in the Office of the Chief Accountant (OCA) at the SEC where he spent almost 20 years focusing on complex financial reporting and technical accounting issues.Follow PwC's accounting podcast on your favorite podcast app for future episodes in this SEC comment letter series, and subscribe to our weekly newsletter to get all of our thought leadership. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

In each episode of our 2023 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance. This week, host Heather Horn is joined by PwC National Office partner Ryan Spencer to discuss the continued focus in SEC comment letters on Management's Discussion and Analysis (MD&A) and share insights for preparers on how to avoid the common pitfalls.In this episode, you'll hear: 0:52 - An overview of the trends in comment letters related to MD&A, including sector-specific insights 3:59 - A refresher on MD&A reporting requirements and a deep dive into comment letter themes, including: 5:04 - Insights on the concentration of comments related to disclosures on the results of operations and the need for forward-looking discussions 8:05 - The focus on performance metrics and their connection to corporate strategy 10:56 - The rise in comments related to management's analysis and quantification of material fluctuations 12:45 - Why preparers need to evaluate current events and macroeconomic conditions 14:45 - Discussion of the focus on liquidity and capital resources disclosures, including near-term and long-term considerations 16:48 - Key reminders for critical accounting estimates and sensitivity disclosures 21:39 - Best practices for enhancing MD&A disclosures Want to learn more? Check out our analysis of SEC comments on MD&A, and follow this podcast on your favorite podcast app for more episodes in this comment letter series.  Ryan Spencer is a partner at PwC's National Office specializing in SEC financial reporting. He has over 20 years of experience serving clients and is a frequent contributor to PwC's publications and communications. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting. Follow PwC's accounting podcast on your favorite podcast app for future episodes in this SEC comment letter series, and subscribe to our weekly newsletter to get all of our thought leadership.  Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

In each episode of our 2023 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, host Heather Horn is joined by PwC Deputy Chief Accountant Beth Paul to discuss the rise in SEC comment letters on business combinations and share insights for preparers on how to avoid the common pitfalls. In this episode, you'll hear:2:35 - Insights into the increase in comment letters related to business combinations, including sector observations6:34 - An overview of the themes and trends in comment letters related to business combinations11:44 - A deep dive into SEC staff comments as well as reminders on disclosure and filing requirements, including significance tests and pro forma reporting21:07 - A summary of comment letter trends related to fair value 23:22 - Considerations on goodwill impairment tests and market cap reconciliations29:32 - Final advice for preparers dealing with business combinationsWant to learn more? Check out our analysis of SEC comments on business combinations, as well as our Business combinations and Financial statement presentation guides. Also, listen to a previous podcast on business combination accounting.  Beth Paul is a Deputy Chief Accountant in PwC's National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Follow PwC's accounting podcast on your favorite podcast app for future episodes in this SEC comment letter series, and subscribe to our weekly newsletter to get all of our thought leadership. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2023 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, host Heather Horn sat down with PwC National Office partner Mike Coleman to discuss common issues noted in the SEC staff's comments on revenue, and why it consistently remains a top area of focus.In this episode, you'll hear:2:03 - An overview of comment letter themes related to revenue and a discussion of the prominence of revenue in financial reporting6:53 - Key considerations in determining performance obligations and the significance of judgments made14:19 - Insights on the continued focus on revenue estimates, including challenges related to recognizing variable consideration and determining standalone selling prices when estimates are embedded in transaction prices20:46 - Common pitfalls with revenue disclosures27:26 - Important reminders on principal-versus-agent considerations30:54 - Sector-specific insights and trends and the value in competitor benchmarking 35:48 - Best practices for preparers on avoiding or responding to SEC staff comments on revenueWant to learn more? Check out our analysis of SEC comments on revenue, as well as our Revenue guide. Also, listen to a previous podcast on trends in revenue more broadly and read our guide on accounting for revenue.  Mike Coleman is a partner in PwC's National Office with over 30 years of experience. Mike specializes in accounting for revenue and software arrangements and has served technology clients for much of his career. In addition, Mike has represented the firm on the AICPA Software Task Force.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Follow PwC's accounting podcast on your favorite podcast app for future episodes in this SEC comment letter series, and subscribe to our weekly newsletter to get all of our thought leadership. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2023 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, host Heather Horn sat down with PwC National Office partner Kevin Vaughn to discuss the SEC staff's continued focus on non-GAAP measures, the area with the highest number of comments.In this episode, you'll hear:3:06 - The significance of non-GAAP measures and why they continue to be a focus area for the SEC7:50 - Updates on new and amended compliance and disclosure interpretations (C&DIs) related to non-GAAP measures and their impact on comment letters18:19 - Advice for preparers when responding to SEC staff comments20:08 - Insights on pervasive comment letter themes, including:20:27 - Undue prominence of non-GAAP measures21:40 - Reconciliation of non-GAAP measures and the differentiation between recurring and non-recurring expenses27:10 - Other top comment letter themes in non-GAAP comments, including nature of non-GAAP adjustments, disclosure requirements for non-GAAP measures, and labeling and identification of non-GAAP measures35:23 - Recent enforcement actions related to non-GAAP measures37:52 - Final advice on non-GAAP measures ahead to year-end reportingWant to learn more? Check out our analysis of SEC comments on non-GAAP measures and our publication on non-GAAP, which includes links to the updated C&DIs. Kevin Vaughn is a partner in PwC's National Office. Prior to joining PwC, Kevin was senior associate chief accountant in the Office of the Chief Accountant (OCA) at the SEC where he spent almost 20 years focusing on complex financial reporting and technical accounting issues.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Follow PwC's accounting podcast on your favorite podcast app for future episodes in this SEC comment letters series, and subscribe to our weekly newsletter to get all of our thought leadership.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

With year-end reporting around the corner, we kick off our 2023 SEC comment letter trends series, in which our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, Heather Horn is joined by Kyle Moffatt, PwC National Office Professional Practice Leader, to share an overview of the 2023 comment letter trends, a breakdown of the SEC's review process, and insights into the SEC staff's key priorities.In this episode, you'll hear:2:01 - A breakdown of the SEC review process, including the staff's current priorities, review timing, and key enforcement actions18:28 - The impact of a potential government shutdown on the SEC's review process and on the capital markets more broadly22:43 - An overview of the the top SEC comment letter trends in 202329:14 - Insights into changes in the SEC's priorities and volume of comment letters, updates on the climate disclosure proposal, and 2024 enforcement priorities34:11 - Key insights into what preparers should focus on, including the importance of “Dear Issuer” letters and reminders for new rules that are effective in 202439:13 - Final advice for preparers entering the year-end reporting seasonWant to learn more? Check out our analysis of SEC comment letter trends. Additionally, follow PwC's accounting podcast on your favorite podcast app for future episodes in this SEC comment letters series, and subscribe to our weekly newsletter to get all of our thought leadership. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In this episode, we discuss the SEC's new cybersecurity disclosure rules finalized in July. The new disclosure rules expand registrants' annual disclosures and require more specific details for material cybersecurity incidents. With these significant changes and the implementation approaching, companies should not wait to get ready. This week, Heather Horn is joined by Kyle Moffatt, PwC National Office Professional Practice Leader, and Matt Gorham, PwC's Cyber & Privacy Innovation Institute Leader, to discuss what companies can do to prepare now for the new requirements.In this episode, you'll hear discussion of:4:28 - Why cybersecurity is an area of focus for the SEC 8:03 - A summary of the SEC's new cybersecurity rules and disclosure requirements10:21 - Types of cyber incidents, including what's required to be disclosed in the Form 8-K and how companies should think about “material” impacts12:58 - The importance of developing relationships with federal law enforcement and how smaller companies can start to build those relationships20:19 - An ideal sequence of action steps when a cyber incident occurs24:32 - Top considerations when preparing to disclose in accordance with the SEC's cybersecurity rules33:10 - Key takeaways for companies reviewing their processes and preparing for the new disclosure requirementsLooking for more information on cybersecurity? Check out our publication and register for our Q3 2023 Quarterly accounting webcast for a detailed discussion of the SEC's cybersecurity rules with Kyle; PwC Vice Chair, Wes Bricker; and Raquel Fox, Partner & Co-Head of SEC Reporting and Compliance; Capital Markets; M&A; Corporate Governance at Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates. Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Matt Gorham is PwC's Cyber & Privacy Innovation Institute Leader, providing thought leadership, perspective, and analysis on trends affecting all aspects of cybersecurity and privacy. He has over three decades of experience mitigating threats through building and leading cross functional teams. Before PwC, Matt spent 25 years with the FBI as the Assistant Director of Cyber.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

John Coates is a Deputy Dean and Professor of Law and Economics at Harvard Law School. He has served as General Counsel and Acting Director of the Division of Corporation Finance of the Securities and Exchange Commission (SEC), testified before Congress, and provided consulting services to the Department of Justice, Department of Treasury, and New York Stock Exchange. This podcast is for informational purposes only. Guest speakers and their firms are not affiliated with or endorsed by PAS or Guardian. This material contains the current opinions of the speakers but not necessarily those of PAS, Guardian or its subsidiaries and such opinions are subject to change without notice. None of the organizations mentioned in this podcast have any affiliation with Guardian or PAS. Bryan Kuderna is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 50 Tice Blvd. Woodcliff Lake, NJ 07677 (973)244-4420. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Kuderna Financial Team is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License #OK04194 #2023-160159 Exp. 8/25   John's new book, “The Problem of Twelve:  When a Few Financial Institutions Control Everything” is now available wherever books are sold.  https://globalreports.columbia.edu/books/the-problem-of-twelve/  

The most valuable crypto stories Tuesday, June 13, 2023."The Hash" hosts tackle today's hot topics in crypto: Recently revealed emails tied to William Hinman, the former director of the SEC's Division of Corporation Finance, were published Tuesday by Ripple in its ongoing defense against an SEC lawsuit. eToro will delist four cryptocurrencies in the U.S. next month. Puppynet has crossed more than 20 million transactions from 16 million wallets. Plus, Transient Labs, Inc. Chief Operating Officer Chris Ostoich joins to discuss Snoop Dogg's new 'Passport Series' NFT drop.See also:XRP Prices Jump as Hinman Speech Released in Ripple Labs FilingHinman Emails Reveal 2018 Speech on Ether Drew Input From Multiple SEC OfficialsInvesting Platform eToro to Delist 4 Cryptocurrencies for U.S. Users Next MonthShiba Inu Testnet Blockchain 'Puppynet' Crosses 20M TransactionsSnoop Dogg Drops New NFTs That Evolve With His TourGuy Fieri and Sammy Hagar Launch Web3 Tequila Loyalty ProgramThis episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The most valuable crypto stories Tuesday, June 13, 2023."The Hash" hosts tackle today's hot topics in crypto: Recently revealed emails tied to William Hinman, the former director of the SEC's Division of Corporation Finance, were published Tuesday by Ripple in its ongoing defense against an SEC lawsuit. eToro will delist four cryptocurrencies in the U.S. next month. Puppynet has crossed more than 20 million transactions from 16 million wallets. Plus, Transient Labs, Inc. Chief Operating Officer Chris Ostoich joins to discuss Snoop Dogg's new 'Passport Series' NFT drop.See also:XRP Prices Jump as Hinman Speech Released in Ripple Labs FilingHinman Emails Reveal 2018 Speech on Ether Drew Input From Multiple SEC OfficialsInvesting Platform eToro to Delist 4 Cryptocurrencies for U.S. Users Next MonthShiba Inu Testnet Blockchain 'Puppynet' Crosses 20M TransactionsSnoop Dogg Drops New NFTs That Evolve With His TourGuy Fieri and Sammy Hagar Launch Web3 Tequila Loyalty ProgramThis episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

George Wilson, the Director of PLI's SEC Institute, joins the inSecurities podcast to talk about the recent Compliance and Disclosure Interpretations (C&Dis) — or as George likes to call them, “candies” — issued by the SEC's Division of Corporation Finance, as well as changes in leadership at the SEC, the FASB's take on crypto accounting, and amendments to Rule 10b5-1.   Please note: CLE and CPE credit are not offered for listening to this podcast, and the views and opinions expressed within represent those of the speakers and not necessarily those of PLI.

In each episode of our Year-end toolkit series, our guests discuss key areas of the year-end reporting process.In this episode, PwC National Office leaders join us to discuss what is top of mind for each of them on year-end reporting, including the impact of macroeconomic and geopolitical events. In this episode, you will hear reminders on:1:39 - Rising interest rates and their influence on nonfinancial asset impairment and debt modifications13:36 - The effect of market volatility on debt and equity investments and stock compensation 23:30 - The impact of inflation on revenue and inventory accounting29:59 - The importance of robust disclosures related to macroeconomic events33:49 - The effect of supply chain disruptions on the business39:09 - Accounting issues that arise in business or asset dispositions as well as restructurings amid recession concerns 51:15 - Assessing subsequent eventsStay tuned for the next episode in our Year-end toolkit series. Listen to our previous 2022 SEC comment letter podcast series for more insights related to SEC reporting, including comments letter trends related to current events, and our previous impairment toolkit podcast series, including financial and nonfinancial asset impairment.Beth Paul is a Deputy Chief Accountant in PwC's National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. Bret Dooley is a Deputy Chief Accountant in PwC's National Office and the financial instruments accounting leader. He has over 25 years of experience specializing in the financial services, banking, and capital markets industries. Bret focuses on emerging financial reporting issues relating to financial instruments, developing interpretive guidance, and assisting clients in resolving complex accounting matters.Pat Durbin is a Deputy Chief Accountant, leading the revenue and liabilities division in PwC's National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Kyle Moffatt is PwC's Professional Practice leader, leading a team responsible for working with standard setters and regulators as well as delivering brand-defining thought leadership and educational materials. He also consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

The 2022 AICPA & CIMA Conference on Current SEC and PCAOB Developments included representatives from the SEC, PCAOB, FASB, IASB, and other market participants. Speakers provided deep dives into regulations and standards, insights on SEC areas of focus, and more. Heather Horn was joined by Angela Fergason and Kyle Moffatt, National Office partners, to discuss highlights  and takeaways from this year's Conference.In this episode, you'll hear discussion of:1:01 - Top themes emerging from the Conference10:53 - SEC staff perspectives shared at the Conference on how companies can enhance transparency18:33 - SEC staff comments on non-GAAP and an announcement of new guidance on these measures25:54 - The increased focus on cryptocurrency at the Conference34:20 - ESG takeaways from the Conference and our guests' anticipated timing for the final climate rule39:43 - Key takeaways for companies going into the year-end reporting seasonWant to learn more about the SEC's areas of focus? Read our publication summarizing the Conference, and listen to our 2022 SEC comment letter trends podcast series.Angela Fergason is a partner in PwC's National Office with over 20 years of experience who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Angela is a frequent speaker on accounting and financial reporting topics and is a contributor to many PwC National Office publications, including our accounting guides on revenue and stock-based compensation.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.To conclude the series, this week Heather Horn sat down with Pete Driscoll, a partner in PwC's National Office, to discuss trends noted in SEC enforcement actions this year, including the increase in cases related to topics on the SEC's current agenda, such as ESG and cybersecurity.In this episode, you'll hear discussion of:1:43 - An overview of the SEC enforcement division and its current priorities 4:43 - Noteworthy enforcement actions related to ESG8:56 - Cases based on false and misleading claims and the types of monetary or disgorgement penalties issued15:05 - The continuing enforcement of traditional cases against issuers, including restatements and cases for inaccurate books and records19:57 - Recent SEC proposals (covered in our publication, SEC proposes new cybersecurity disclosure requirements) and enforcement actions related to cybersecurity21:47 - Advice for listeners as they prepare for year-end reportingWant to learn more? Check out our analysis of SEC comment letter trends. For additional information on recent enforcement actions, read our alert on the delay in enforcement on Rule 144A securities.Pete Driscoll is a partner in PwC's National Office focusing on SEC regulations, reporting, and compliance. Prior to his role at PwC, Pete held several roles at the SEC, including Director of the Division of Examinations and Chief Risk and Strategy Officer.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, Heather Horn was joined by PwC partner Pat Durbin to discuss emerging comment letter trends related to current macroeconomic and geopolitical events. In this episode you'll hear discussion of:1:35 - An overview of the current events trending in recent SEC staff comments4:16 - The importance of consistency of information across filed information and other investor communications 6:43 - Key economic drivers companies should consider in the context of their business and sufficiency of quantitative and qualitative disclosures  9:44 - The impacts of supply chain disruptions and common SEC staff comments11:56 - Material risks resulting from inflation and trending SEC staff comments including on a company's outlook13:58 - How rising interest rates affect companies and what the SEC staff is commenting on17:38 - The areas of focus in the “Dear CFO” sample letter related to the Russia-Ukraine war20:10 - Advice for companies as they look ahead to year end Want to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. For further information on the impact of recent current events, listen to our Q3 2022 economic and geopolitical update podcast and read our In depth on accounting in uncertain economic times.Pat Durbin is a Deputy Chief Accountant, leading the revenue and liabilities division in PwC's National Office. He has over 30 years of experience consulting with our clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.Kyle Moffatt, PwC National Office partner, is back in the guest seat with our host, Heather Horn, to share key insights on the #1 top SEC comment letter trend in 2022, MD&A.  In this episode you'll hear discussion of:1:27 - The impact of changes to MD&A guidance 8:01 - The types of MD&A comments registrants are receiving11:45 - Who should be involved in telling a company's story in MD&A14:56 - How the SEC's priorities influence comments in this area 19:41 - The importance of company compliance with the overarching principles of MD&A24:20 - How emerging trends are impacting comment letters 33:12 - Advice for companies as they prepare their year-end filingsWant to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. For more information on the SEC's disclosure requirements pertaining to MD&A, check out our In depth on the amended rules and Topic 9 of the SEC's Financial Reporting Manual.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, Heather Horn sat down with Kyle Moffatt, a partner in PwC's National Office, to discuss the SEC staff's continued focus on non-GAAP measures and trending comment letter themes. In this episode you'll hear discussion of:1:15 - What non-GAAP measures are and how registrants use them6:41 - The challenges and judgments associated with non-GAAP measures9:32 - How the focus of the current SEC administration impacts the type and volume of comment letters12:03 - The top non-GAAP comment letter trends and the importance of continuously reassessing these measures20:58 - The interaction of current macroeconomic events and non-GAAP measures 27:34 - What companies should focus on when looking ahead to year-end reporting31:12 - Final advice when responding to SEC staff comments on non-GAAP measuresWant to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. For further information on non-GAAP measures with respect to business and market disruptions, take a look at the SEC Division of Corporate Finance's guidance on disclosure considerations related to COVID-19.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, Heather Horn was joined by Valerie Wieman, a partner in PwC's National Office, to discuss a brand new comment letter trend in 2022: climate change disclosures. Given the SEC's ESG-focused agenda, it is not a surprise that climate takes the #3 spot on our list of top comment letter trends.In this episode you'll hear discussion of:0:56 - The history of the SEC's focus on climate change and the issuance of the “Dear Issuer” letter of sample comments3:57 - The existing 2010 SEC interpretive guidance on climate disclosures8:58 - Specific examples of the types of comments frequently issued 11:53 - Lessons learned from registrant responses to the first round of staff comment letters15:18 - The importance of focusing on the 2010 interpretive guidance until the SEC's proposed climate disclosure rule is final17:56 - Val's final advice for year-end reportingWant to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. For more information on the SEC's disclosure requirements pertaining to climate, read Don't wait until the SEC staff asks you about climate change or listen to the audio version. To learn more about the SEC's proposed climate disclosure requirements, listen to our podcast on the main provisions of the proposal.Valerie Wieman is PwC's National Office Editor-in-chief. She is involved in the creation, development, and publication of our brand-defining thought leadership, with a focus on ESG reporting. Prior to this role, she was part of PwC's National Office SEC Services group, helping clients navigate SEC rules and regulations.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, Heather Horn sat down with Jay Seliber, a partner in PwC's National Office, to discuss key themes noted in segment reporting comment letters. Jay also shared his insights on some of the challenges companies face with segment reporting. In this episode you'll hear discussion of:1:23 - The goal and approach of the segment reporting guidance8:05 - Key themes in comment letters and why segment reporting continues to be an area of focus14:59 - Specific examples of SEC staff comments and key considerations when aggregating operating segments21:32 - SEC staff comments related to entity-wide disclosures and multiple performance measures26:21 - FASB's proposed changes to the segment guidance 32:26 - Jay's final advice for segment reporting going into year-end Want to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. For further information on segment disclosures, listen to our Full disclosure podcast and read through our Financial statement presentation guide chapter on segment reporting.Jay Seliber is a partner in PwC's National Office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions. Jay is presently PwC's representative on the FASB's Emerging Issues Task Force.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our 2022 SEC comment letter trends series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance.This week, Heather Horn sat down with Angela Fergason, a partner in PwC's National Office, who shared her insights on the comments on the top line of the income statement, revenue, from the SEC staff to registrants this year.In this episode you'll hear discussion of:1:24 - Trends noted in the volume and type of comments on revenue6:04 - The increased focus on judgments made in disaggregated revenue disclosures10:25 - Presentation of revenue and cost of revenue in the income statement 15:52 - The continued SEC staff focus on gross vs. net presentation and identification of performance obligations19:52 - Comments on common industry-specific revenue arrangements 22:54 - Angela's advice for listeners when looking ahead to year-endWant to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series. We also have episodes specific to revenue, such as our revenue toolkit podcast miniseries that goes step by step through the revenue recognition model.Angela Fergason is a partner in PwC's National Office with over 20 years of experience who specializes in accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Angela is a frequent speaker on accounting and financial reporting topics and is a contributor to many PwC National Office publications, including our accounting guides on revenue and stock-based compensation.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of the financial statements.To kick off the series, this week Heather Horn sat down with Kyle Moffatt, a partner in PwC's National Office, to provide an overview of the 2022 comment letter trends, insights into the key priorities of the SEC, and what we can expect to see in the future based on the SEC's agenda. In this episode you'll hear discussion of:1:41 - The SEC's priorities and how they influence comment letters10:38 - The top comment letter trends in 2022 16:03 - How companies should consider “Dear Issuer” letters in their year-end reporting23:13 - The SEC staff's approach to comment letters and what we expect in the near future28:06 - The SEC staff's comments in proxy statements30:49 - Kyle's advice for SEC registrants on what to do if they receive a comment letterWant to learn more? Check out our analysis of SEC comment letter trends and stay tuned for more episodes in the series.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. Before PwC, Kyle spent almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Host Gary J. Ross discusses mergers and acquisitions with John Coates, Professor of Law and Economics at Harvard Law School, former partner at Wachtell Lipton, and former Acting Director for the Division of Corporation Finance and General Counsel at the SEC. Gary and John discuss trends in global M&A deals, the significance of business and legal due diligence, motives behind whether deals are structured as stock or asset purchases, M&A representations and warranties, and whether it's worthwhile to have a letter of intent in a deal negotiation.

0:00 Intro.1:45 Start of interview.2:40 Annemarie's "origin story". She was born and raised in New Jersey. She went to the University of Delaware and later to the Catholic University of America Columbus School of Law. She got her first job at the SEC (Corp Fin) right out of law school. She spent 6 years at the SEC, 5 of them focused on international corporate finance (bringing international companies into the US securities market). Linda Quinn (ex director of Corp Fin) called it her "Chamber of Commerce." Her team's job "was to make it as easy as possible for large international companies to list in the U.S." Reg 144A, Reg S.6:07 Her time at Skadden Arps (1996-2002). She spent 5 years at the Skadden London office, 1 year in the NY office.8:16 Her transition to the New York Stock Exchange as Assistant GC (2002-2008).10:17 Her time at NYFIX as GC from 2008-2010, before it got acquired.11:50 Her role at SecondMarket as EVP Legal, GC and Corporate Secretary (2010-2015). The firm was founded by Barry Silbert and was a pioneer on secondary markets for private shares (now Digital Currency Group).17:29 Her time at Nasdaq Private Market as VP, Head of Strategy and New Markets (2015-2018). 22:27 Thoughts on carve-outs (liquidity) for founders in venture rounds (pre-exit). SecondMarket's role in helping expand the shareholder threshold from 500 to 2000 shareholders (Jobs Act, 2012) allowing private companies to stay private for longer.26:30 Her time at Templum (a registered broker dealer/alternative trading system approved to conduct primary offerings and secondary trading in unregistered digital securities) as chief strategy officer and GC (2018-2019).28:23 About her firm Liquid Advisors, a strategic advisory firm offering private placement and secondary liquidity structuring and regulatory requirement services, including for digital or token-based securities. "I'm an accidental entrepreneur."32:30 On regulation of private markets, and her response to SEC Commissioner Allison Herren Lee "Going Dark" concerns. The challenging conditions for U.S. public companies (costs of being public vs benefits of staying private).38:00 Her thoughts on the market down cycle, including the SPAC situation.42:07 Her take on blockchain and crypto. SecondMarket started trading BTC in 2012-2013. "Blockchain provides a record-keeping that is immutable." SecondMarket created a Bitcoin Investment Trust. "I'm a huge supporter of blockchain/crypto." "I've been through so many ups and downs of the [BTC] price that I don't get fazed by it anymore." "It's the best performing asset class in the last 10 years, I don't think people can keep ignoring it."51:28 Her thoughts on the regulation of crypto (President Biden's Executive Order, Governor Newsom's Executive Order). "The market has been begging for clear crypto regulations for some time." "Some states have stepped up where federal regulators have been unwilling to state how to bank or regulate these assets." Crypto friendly environments like Wyoming or Miami. 55:24 The 3 books that have greatly influenced her life:The Hobbit, by J.R.R Tolking (1937)The Lord of the Rings, by J.R.R Tolking (1954)The Harry Potter books, by J.K. Rowling (1997-2007)55:25- Who were your mentors, and what did you learn from them?  Richard Koznik, ex Associate Director, Division of Corporation Finance at the SEC.Paul Dudek, also formerly from the SEC.Georges Ugeux, formerly from NYSE.Former SEC Commissioner Richard Roberts (former director of NYFIX).56:24 - Are there any quotes you think of often or live your life by? "Nothing to be afraid of if you jump off a cliff as long as you know that you have a safety net."57:09- An unusual habit or an absurd thing that he loves: Travel junkie! Her goal is to make it to 193 U.N. countries.01:00:09 - The living person she most admires: her mom.Annemarie Tierney is the Founder and Principal of Liquid Advisors. She is a seasoned financial services lawyer/strategist with substantial SEC, law firm, and in-house legal experience, as well as experienced in broker dealer regulation, blockchain legal and regulatory issues, securities transactional work, SEC rules and regulations, corporate governance, and international expansion. __ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License 

On March 21, the SEC published a widely anticipated proposal to enhance companies' climate-related disclosures. In addition to details regarding how management identifies, assesses and manages climate-related risks and the related impact on financial metrics, the proposal calls for companies to provide information about how their boards provide oversight of climate-related matters.In this episode, Heather Horn was joined by PwC's Stephen Parker and Jamie Gamble, along with John White, a partner in the law firm Cravath, Swaine & Moore and former Director of the Division of Corporation Finance at the SEC, to focus on the governance aspects of the SEC's climate disclosure proposal.In this episode, you will hear:2:46 - Potential timelines for final rule adoption and effective dates7:16 - The intent of the governance requirements in the climate disclosure proposal15:24 - If the governance provisions represent a trend for future SEC proposals25:45 - Reactions in the marketplace and how companies are navigating the “learning curve” around climate and governance28:29 - Perspectives on where responsibility for climate governance and oversight should reside41:42 - How board oversight of a well-defined ESG strategy allows companies to manage risks and drive success47:32 - Final advice on where boards and companies should focus as they continue to prepare for a final ruleWant to learn more? Listen to our previous podcasts that provide an overview of the proposal, related investor perspectives, and legal and regulatory perspectives on the proposal. Stephen Parker is a partner in PwC's Governance Insights Center, which strives to strengthen the connection between directors, executive teams, and investors by helping them navigate the evolving governance landscape. With more than 30 years of experience, Stephen has advised boards of directors on a variety of complex financial reporting matters. Stephen's client service experience has included energy and utility companies, financial services companies, and nonprofits.Jamie Gamble is a managing director in PwC's Trust Solutions practice with over 25 years of experience focused on corporate governance, cybersecurity, workforce, and ESG-related issues. Before joining PwC, he was a litigation partner at Simpson Thacher & Bartlett LLP.John White is a partner at Cravath, Swaine & Moore LLP, and chair of that firm's Corporate Governance and Board Advisory practice. He represents public companies on a variety of disclosure matters, including corporate governance, reporting, financings, and restatements. With over 50 years of experience, he previously served as the Director of the Division of Corporation Finance at the SEC and on the board of Financial Executives International. John is a current member of FASAC, and member of the Board of Trustees of the Practicing Law Institute where he also serves as chair of the audit committee.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

On March 21, the SEC published a widely anticipated proposal to enhance companies' climate-related disclosures.In our third episode on the SEC's proposal, Heather Horn was joined by Kyle Moffatt, partner in PwC's National Office, and John White, who is a partner in the law firm Cravath, Swaine & Moore and former Director of the Division of Corporation Finance at the SEC. Heather, Kyle, and John take a deeper dive into some of the key accounting, legal, and regulatory questions that registrants may have.In this episode, you will hear:1:47 - Perspectives on marketplace reactions to the proposal6:03 - The challenges of defining climate-related events and collecting related data9:17 - The various materiality considerations within the proposal11:32 - The factors that the SEC could weigh when evaluating comments on the proposal18:03 - Legal perspective: understanding the SEC's authority to enforce rules23:15 - How the proposed rules differ in design and impact from a Staff Accounting Bulletin28:19 - How companies can start to address the proposed rules, beginning with board-level considerations39:52 - The importance of data quality for readiness, and final words of adviceWant to learn more? Read the proposed rules: The Enhancement and Standardization of Climate-Related Disclosures for Investors, the related fact sheet, and our In the loop, The SEC wants me to disclose what? The SEC's climate disclosure proposal. Also, listen to our previous special episodes, The new SEC climate proposal, and SEC climate proposal: A closer look.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.John White is a partner at Cravath, Swaine & Moore LLP, and chair of that firm's Corporate Governance and Board Advisory practice. He represents public companies on a variety of disclosure matters, including corporate governance, reporting, financings, and restatements. With over fifty years of experience, he previously served as the Director of the Division of Corporation Finance at the SEC and on the board of Financial Executives International. John is a current member of FASAC, and member of the Board of Trustees of Practising Law Institute where he also serves as chair of the audit committee. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

On March 21, the SEC published a widely anticipated proposed rule addressing companies' climate-related disclosures.In our second episode on the proposal, Heather Horn was joined by Kyle Moffatt and Valerie Wieman, partners in PwC's National Office, to take a deeper dive into a few of the key issues and questions that registrants may have.In this episode, you will hear:1:58 - The proposed requirements around climate-related risks and impacts disclosures10:03 - Financial statement disclosure requirements11:16 - Currently expected timelines: final rule adoption and transition periods18:28 - Broad and specific materiality aspects of the proposal22:18 - The concept of short, medium, and long-term materiality25:53 - Greenhouse gas emissions attestation requirements28:22 - How the proposal could impact private companies34:31 - The implications of the proposal's definition of climate-related risks37:20 - How companies should start preparing for a final ruleWant to learn more? Read the proposed rules to Enhance and Standardize Climate-Related Disclosures for Investors, the related fact sheet, and our In brief, First look at the SEC's climate disclosure proposal. Also, refer to our recently updated In the loop, which now includes SEC comments under the existing climate rules, and listen to our previous special episode, The new SEC climate proposal.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Valerie Wieman is PwC's National Office Editor-in-chief. She is involved in the creation, development, and publication of our brand-defining thought leadership, with a recent focus on ESG reporting. Prior to this role, she was part of PwC's National Office SEC Services group, helping clients navigate SEC rules and regulations.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

On March 21, the SEC published a widely anticipated proposed rule addressing companies' climate-related disclosures.Heather Horn was joined by Kyle Moffatt and Valerie Wieman, partners in PwC's National Office, to discuss the main provisions of the proposal and a few of what could be challenging compliance requirements.In this episode, you will hear:1:20 - Elements of the proposal that surprised our guests4:38 - The evolution of climate disclosure rules leading to the current proposal7:01 - Background on development of the proposal, and controversy among the commissioners regarding the rules11:02 - Overview of the contents of the proposal19:05 - Current expected timelines of adopting a final rule and transition timing26:20 - Greenhouse gas disclosures requirements, and the types of emissions that are in scope38:18 - Overview of the comment letter process and the path to finalization of the rule48:30 - Final thoughts on where companies can start on unpacking the proposal and preparing for a final ruleWant to learn more? Read the proposed rules, Enhance and Standardize Climate-Related Disclosures for Investors, the related fact sheet, and our In brief, First look at the SEC's climate disclosure proposal. Also, refer to our recently updated In the loop which now includes SEC comments under the existing climate rules.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Valerie Wieman is PwC's National Office Editor-in-chief. She is involved in the creation, development, and publication of our brand-defining thought leadership, with a recent focus on ESG reporting. Prior to this role, she was part of PwC's National Office SEC Services group, helping clients navigate SEC rules and regulations.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts are available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com. 

On March 9, the SEC published a proposed rule addressing disclosures related to a company's cybersecurity risk management, strategy, governance, and incidents.Heather Horn was joined by Kyle Moffatt, a partner in PwC's National Office, to discuss the potential impacts of the proposal and what could change in companies' current reporting for cybersecurity.In this episode, you will hear:1:20 - An overview of the current disclosure guidance and what would change under the proposed rule 5:42 - How the proposed rule would address insider trading, and a discussion on the landscape of cyber-related comment letters8:54 - The impetus for the proposed rule, and how the current regulatory environment influenced its creation12:48 - Key changes to incident reporting, and how the new rules try to create comparable disclosures across companies19:22 - Cyber risk management and strategy: how the new rule is intended to impact behaviors24:42 - Governance and oversight disclosures, including a new requirement to include directors' and management's cybersecurity expertise28:58 - Potential challenges that companies may face in preparing the proposed new disclosures32:54 - The importance of focusing on disclosure readiness, controls, policies, and procedures to comply with the new rules once enactedWant to learn more? Read the proposed rule on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts are available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

In each episode of our Year-end toolkit series, you'll find something relevant to the year-end reporting process. This week Heather Horn is joined by Beth Paul, Tom Barbieri, and Pat Durbin, who along with Heather serve as Deputy Chief Accountants in PwC's National Office, as well as Kyle Moffatt, PwC SEC Services National Office Partner. Each guest highlights key areas to focus on during this reporting season, right up until the financial statements get finalized.In this episode:2:38 - Business combinations, including ASU 2021-08 on contract assets and liabilities9:49 - Equity method investment disclosures and the calculation of significance under Rule 3-09 of Regulation S-X14:06 - Income statement classification17:48 - Stock based compensation accounting25:53 - Statement of cash flows classifications 36:55 - SAB 74 disclosuresYou'll also hear an update on the SEC's expected proposing release on climate and human capital disclosures. Want to learn more?Read or listen to The quarter close - fourth quarter 2021Listen to our podcast Special episode: New rules on acquired revenue contractsRead Don't wait until the SEC staff asks you about climate change and To GAAP or to non-GAAP COVID-19: What you should knowBeth Paul is a Deputy Chief Accountant in PwC's National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. Prior to this role, Beth was the Strategic Thought Leader in PwC's National office, working closely with firm leadership to determine PwC's position on emerging trends in auditing, accounting, and financial reporting matters.Pat Durbin is a Deputy Chief Accountant in PwC's National Office and the leader of the revenue and liabilities division. He has over 30 years of experience consulting with clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.Tom Barbieri is a Deputy Chief Accountant in PwC's National Office and the financial instruments accounting leader. He has over 30 years of experience advising clients on complex accounting and financial reporting issues relating to financial instruments. During Tom's tenure in the National Office, he has been at the forefront of emerging accounting issues and has regular interactions with the FASB, SEC, and other regulators and standard setters.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Transcripts available upon request. Please send requests to us_podcast@pwc.com.

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of financial reporting.This week we focus on non-GAAP measures. Kyle Moffatt, a partner in PwC's National Office, joined Heather Horn to break down some of the questions raised in these comments, giving you a deeper understanding of the SEC staff's expectations, as well as context and insights into the non-GAAP rules.Topics include:1:35 - Background on non-GAAP measures. Disclosing non-GAAP measures is a common way companies supplement their financial statement disclosures to further tell the story of their businesses. Kyle gives some helpful background and examples of some commonly utilized measures.8:57 - Presenting non-GAAP measures. There can be pitfalls associated with these alternative measures. Kyle and Heather discuss what issuers should keep in mind when deciding how to present them.22:30 - What types of comments are companies receiving? Kyle discusses the main themes of the SEC staff's non-GAAP comments. Common questions relate to prominence relative to GAAP metrics, the reconciliation of each non-GAAP metric to GAAP, and the appropriateness of adjustments, among others.27:43 - Key takeaways and reminders. We close with some future areas to pay attention to and helpful advice for year-end reporting. Heather tries to stump Kyle with some niche accounting and pop culture questions.Want to learn more?Listen to our previous comment letter podcasts on MD&A, Debt, warrants, and equity, Revenue, Goodwill, Inventory and cost of sales, and Segment reportingListen to What you missed at the 2021 AICPA ConferenceIn the loop: To GAAP or to non-GAAP COVID-19: What you should knowSee our overview of SEC Comment Letter TrendsStaff Accounting Bulletin Topic 11 BSEC Non-GAAP Financial Measures: Questions and Answers of General ApplicabilityKyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC.Transcripts available upon request. Please send requests to us_podcast@pwc.com.

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of financial reporting.This week we focus on MD&A. Ryan Spencer, a partner in PwC's National Office, joined Heather Horn to break down some of the questions raised in these comments, giving you a deeper understanding of the SEC staff's expectations, as well as context and insights into the MD&A rules.Topics include:1:30 - What has changed about the MD&A rule? The SEC recently amended the MD&A rule with a goal of modernizing, simplifying, and enhancing the disclosure requirements. Ryan explains the primary changes.10:56 - What types of comments are companies receiving? Ryan discusses the main themes of the SEC staff's MD&A comments. Common questions relate to results of operations, liquidity and capital resources, and critical accounting estimates.15:37 - Results of operations. Results of operations continues to be an area of focus for SEC comments. Ryan and Heather discuss areas where the SEC staff has typically asked questions and how preparers can get the disclosures right the first time.17:24 - Liquidity and capital resources. Ryan brings listeners up to speed on key themes related to liquidity and capital resources, including short and long term liquidity, operating cash flows, and covenants.21:04 - Critical accounting estimates. Companies' disclosures have to address uncertainties associated with methods and assumptions related to critical accounting estimates. Ryan helps break down this complicated topic.24:47 - Key takeaways and reminders. We close with some future areas to pay attention to and helpful advice for year end reporting. Heather tries to stump Ryan with some niche accounting questions.Want to learn more?Listen to our previous comment letter podcasts on Debt, warrants, and equity, Revenue, Goodwill, Inventory and cost of sales, and Segment reportingIn the loop: Don't wait until the SEC staff asks you about climate changeSee our overview of SEC Comment Letter TrendsRyan Spencer is a Partner at PwC's National Office specializing in SEC financial reporting. He has over 20 years of experience serving clients and is a frequent contributor to PwC's publications and communications.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. Transcripts available upon request. Please send requests to us_podcast@pwc.com.

The 2021 AICPA & CIMA Conference on Current SEC and PCAOB Developments included panels and speeches from a variety of market participants, many that addressed recent and expected change on many fronts of the financial reporting landscape. Heather Horn was joined by Angela Fergason and Kyle Moffatt, National Office partners, to discuss key takeaways from this year's conference.Topics include:1:21 - Background on the conference and themes. Angela discusses the background on the conference and provides an overview of  this year's themes.4:10 - What accounting topics were addressed? Angela, Kyle, and Heather talk through some of the accounting topics discussed at the conference with a highlight on SPACs, digital assets, revenue recognition, tax reform, and recently issued SAB 120 on “spring loaded” stock based compensation awards.15:30 - What is the SEC focusing on? Kyle provides the latest update on the anticipated climate disclosure proposal and walks listeners through some of the SEC staff's top areas of comment in financial statement reviews. These include materiality, non-GAAP, and segments, among others.27:54 - What's on the FASB's agenda? Angela discusses constituent feedback on the FASB's future agenda and highlights a few FASB project updates.36:18 - What themes emerged in the SEC enforcement session? Kyle gives an update on key messages coming from the SEC's Division of Enforcement. Heather tries to stump Angela and Kyle with some niche accounting questions.Want to learn more?Listen to our What's trending in SEC comments podcast series here.Listen to our SPAC series here: Facts on SPACs: New trends in 2021Read our in the loop: Don't wait until the SEC staff asks you about climate changeAngela Fergason is a partner in PwC's National Office specializing in the accounting for revenue and employee compensation arrangements. She also consults on a range of financial reporting issues impacting technology companies. Angela is a frequent speaker on accounting and financial reporting topics and is a contributor to many PwC National Office publications, including our accounting guides on revenue and stock-based compensation.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request. Please send requests to us_podcast@pwc.com.

Harvard Law School professor John Coates talks about his recent roles at the SEC, first as the head of the Division of Corporation Finance, and then as the Agency’s general counsel. For years he has studied financial regulation through the lens of a scholar, and he shares with us what it was like to put […]

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of the financial statements.This week we focus on debt, warrants, and equity. Tom Barbieri, a Deputy Chief Accountant in PwC's National Office, and John Horan, Managing Director in PwC's National Office, joined Heather Horn to break down some of the questions raised in these comments, giving you a deeper understanding of the SEC staff's expectations, as well as context and insights into the GAAP requirements.Topics include:1:46 - What types of comments are companies getting? Tom and John discuss the main themes of comments. Common questions relate to SPAC warrants and earnouts, debt modifications, preferred stock, embedded derivatives, and EPS.4:51 - SPAC warrants and earnouts. Accounting for SPAC warrants and earnouts can be complicated. John and Heather discuss the types of questions the SEC is asking on this topic and some best practices for determining the appropriate accounting.17:34 - Debt modifications and extinguishments. Accounting for a troubled debt restructuring, debt modifications, or extinguishment can be complex. Tom and Heather discuss some tips for getting disclosures about these transactions right the first time.23:51 - Preferred stock. John and Heather talk about the SEC staff's interest in particular topical areas when asking about preferred stock. 31:05 - Embedded derivatives. Tom and Heather discuss accounting for embedded conversion features and other redemption provisions, and the importance of providing the right level of context for these in your disclosures.33:51 - Earnings per share. EPS has continued to be an ongoing area of focus for the SEC staff. John explains some of the areas that might give rise to a comment.40:03 - Key takeaways and reminders. We close with some future areas to pay attention to and helpful advice for issuers to address these issues heading into year end. Heather tries to stump Tom and John with some niche accounting questions.Want to learn more?Listen to our previous comment letter podcasts: Revenue: What's trending in SEC comments, Goodwill: What's trending in SEC comments, and Inventory and cost of sales: What's trending in SEC comments, Segment reporting: What's trending in SEC commentsFinancial statement presentation guide: Chapter 5: Stockholders' Equity, Chapter 12: Debt, Chapter 19: Derivatives and HedgingSee our overview of SEC Comment Letter Trends

In our Talking ESG podcast series, we give an end-to-end look at what it takes to build effective ESG reporting in today's environment. From investor to stakeholder expectations, from  global frameworks to data, process, and controls—there's something in it for everyone.This week Heather Horn sat down with Kyle Moffatt, PwC National Office partner, and Sheri Wyatt, a partner in PwC's ESG practice and Diversity leader for Trust Solutions, to help listeners gain a better understanding of the current landscape at the SEC related to ESG reporting and how it may affect your company.Topics include:1:30 - The latest from the SEC. We begin the conversation with an update on the SEC's new administration and proposals for new disclosures. Kyle takes listeners through what this means for issuers.6:56 - Human capital disclosures. Companies made their principles-based human capital disclosures for the first time last year. Kyle and Sheri discuss the result of those disclosures and where they see investor focus.15:30 - Climate change disclosures. Kyle and Heather discuss the SEC's continued focus on climate change-related risk disclosures. Even absent new rules on climate disclosures, there is a lot for companies to monitor in order to comply with existing guidance.20:43 - Highlights from comment letters. The SEC has released a number of comment letters around companies' human capital and climate disclosures. Kyle and Sheri help unpack these letters and give listeners a preview of how registrants are responding. 38:45 - Advice for listeners. There's some judgment to determining what's sufficient disclosure. Kyle and Sheri give their points of view on what companies should be considering in relation to their human capital and climate change disclosures.41:33 - What's coming next? Sheri and Kyle take listeners through the expected timeline for upcoming SEC rules and proposals related to ESG disclosures.Want to learn more?Listen to our previous podcast in this series Talking ESG: Demystifying the reporting landscapeSEC's Sample Letter to Companies Regarding Climate Change DisclosuresKyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Sheri Wyatt is a partner in PwC's sustainability practice and also serves as the diversity leader for the US Assurance line of service. She has over 20 years of experience advising companies on the adoption of new accounting and financial reporting standards, from assessing current state through operationalizing compliance with new standards and policies.Heather Horn is a Deputy Chief Accountant in PwC's National Office and leader of the thought leadership group, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of the financial statements.This week we focus on segment reporting. Matt Sabatini and Reto Micheluzzi, PwC National Office partners, joined Heather Horn to break down some of the questions raised in these comments, giving you a deeper understanding of the SEC staff's expectations, as well as context and insights into the GAAP requirements.Topics include:1:49 - A refresher on segment disclosures. Matt and Reto set the stage with an overview of the disclosure rules. Reto updates listeners on the current FASB project that may change the current segment disclosure requirements.10:09 - What types of comments are companies getting? Matt and Reto discuss the main themes of recent comments. Common questions relate to how the company determined the Chief Operating Decision Maker, identified operating segments, and aggregated its operating segments to reportable segments, and the completeness of its entity-wide segment disclosures.15:19 - Identifying reportable segments. Matt gives an overview of comments that issuers have received about identifying reportable segments. Issuers typically receive more questions when identifying only one reportable segment. 17:12 - Entity wide disclosures. There are a number of entity-wide disclosures that must be made even when the entity identifies only one reportable segment. Matt and Heather discuss some tips for getting these right.20:19 - Aggregation of operating segments. Aggregating operating segments into a reportable segment is an area that requires significant judgment. Matt and Reto give some of the steps you can take to avoid common pitfalls.31:32 - Key takeaways and reminders. We close with helpful advice to address segment issues heading into year end. Heather tries to stump Matt and Reto with some niche accounting questions.Want to learn more?Listen to our previous comment letter podcasts Revenue: What's trending in SEC comments, Goodwill: What's trending in SEC comments, and Inventory and cost of sales: What's trending in SEC commentsFinancial statement presentation guide: Chapter 25 segment reporting, including the flowchart for determining reportable segments in Chapter 25.3See our overview of SEC Comment Letter TrendsMatt Sabatini is a partner in PwC's National Office.Reto Micheluzzi is a partner in PwC's National Office with over 25 years of experience solving his clients' most complex accounting and financial reporting issues, creating a path through the dense regulatory framework and bodies of rules. He has a deep understanding of the demands associated with today's accounting complexities and potential SEC reporting issues, primarily related to M&A, consolidation, reorganizations, and income taxes.

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of the financial statements.This week we focus on inventory, cost of sales, and income statement presentation. Pat Durbin, PwC National Office Partner, joined Heather Horn to break down some of the questions raised in these comments, giving you a deeper understanding of the SEC staff's expectations, as well as context and insights into the GAAP requirements.Topics include:3:34 - What types of comments are companies getting? Pat and Heather discuss the main themes of comments. Common questions relate to the presentation of cost of sales and other income statement line items.5:21 - Completeness of cost of sales. Pat gives an overview of comments that issuers have received about the completeness of their cost of sales and how to avoid some common pitfalls.11:25 - What about the classification of operating expenses? There is very little explicit guidance on how to classify operating expenses and what to disclose. Pat and Heather discuss some of the diversity in practice and tips for providing the right level of context in your disclosures.18:27 - Navigating the application of SAB topic 11-B. Pat and Heather discuss how to appropriately address this SEC staff guidance.22:14 - What about comments on inventory? Inventory can be a material line item for many companies that sell products. Pat and Heather discuss some of the inventory comment letter trends and some of the disclosures that might require more judgment.24:09 - Key takeaways and reminders. Pat closes with helpful advice when making decisions about income statement presentation, and how to convey key judgments to the reader. Heather tries to stump Pat with some niche accounting questions.Want to learn more?Listen to our previous comment letter podcasts Revenue: What's trending in SEC comments and Goodwill: What's trending in SEC commentsPwC's Inventory GuideSee our overview of SEC Comment Letter TrendsPat Durbin is a partner in PwC's National Office. Pat is a partner in PwC's Assurance National Office and has over 30 years of experience. He has expertise in financial reporting and extensive experience serving board, C-suite, and senior management level executives across a variety of industries and geographies both in the US and internationally. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the SEC's Division of Corporation Finance for the most common topical areas of the financial statements.This week we focus on goodwill. Jay Seliber, PwC National Office Partner, joined Heather Horn to break down some of the questions raised in these comments, giving you a deeper understanding of the SEC staff's expectations, as well as context and insights into the GAAP requirements.Topics include:1:40 - What types of comments are companies getting? Jay and Heather discuss the main themes of comments. Common questions relate to the determination of reporting units, the timing of goodwill impairments, and disclosures of impairments and at-risk goodwill.4:30 - Reporting units. Jay gives an overview of comments that issuers have received about their determination of reporting units and how to avoid some common pitfalls.10:41 - What about the timing of goodwill impairments? Impairment tests require a significant amount of judgment. Jay and Heather discuss how to navigate this complex area and some tips for identifying impairment indicators early to head off questions over timing.15:04 - Disclosures of impairments and at-risk reporting units. Jay and Heather discuss how to appropriately foreshadow at-risk reporting units, as well as a few often-overlooked disclosures that may solicit comments.23:58 - Key takeaways and reminders. Jay closes with helpful advice for issuers when responding to an SEC comment letter. Heather tries to stump Jay with some niche accounting questions.Want to learn more?Listen to our previous comment letter podcast Revenue: What's trending in SEC commentsRead section 8.9, Goodwill, in our Financial Statement Presentation guideSee our overview of SEC Comment Letter TrendsJay Seliber is a partner in PwC's National Office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions. Jay is presently PwC's representative to the FASB's Emerging Issues Task Force. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.

In each episode of our What's trending in SEC comments series, our guests bring you the latest themes in comment letters from the Division of Corporation Finance for the most common topical areas of the financial statements.This week we focus on revenue. Angela Fergason, PwC National Office partner, joined Heather Horn to break down the questions raised in these comments, giving you a deeper understanding of the SEC's expectations and context and insights into the GAAP requirements.Topics include:1:20 - What types of comments are companies getting? Angela and Heather discuss the different types of comments and give some examples of when each has come up. Common questions relate to completeness of disclosures, consistency with other disclosures, and requests for supporting analysis. And one hint for preparers: don't use boilerplate language!10:46 - Top elements of revenue guidance sourcing comments. Angela gives five topics where comments have been more prevalent: disaggregated revenue, determining the transaction price, identifying performance obligations, principal vs. agent, and timing of revenue recognition.21:14 - What's ahead? Angela shares what might be around the corner as attention is increasing for certain comments, including separately reporting certain categories of revenue in compliance with S-X Rule 5-03(b). 23:34 - Perspectives on responding. Angela closes with two pieces of advice for issuers when responding to an SEC comment letter. Heather tries to stump Angela with some niche accounting questions.Want to learn more? Listen to Angela's other podcast episodes on revenue, including Full disclosure: Revenue, Identifying performance obligations: PwC breaks it down, and Variable consideration: How it impacts your top and bottom line.Angela Fergason is a partner in PwC's National Office with over 20 years of experience who specializes in accounting for revenue and employee compensation arrangements. She is a frequent speaker on accounting and financial reporting topics and is a contributor to many PwC National Office publications, including our accounting guides on revenue and stock-based compensation.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Most people think Andreessen Horowitz' huge new $2.2B crypto fund is important because of the eye popping amount raised. But it's not just about more dollars for their crypto portfolio -- it's ALSO about creating a "Regulatory Superteam" who can help lay the foundation for clarity in blockchain regulations within the United States. Yes, A16Z is like the Brooklyn Nets -- but for crypto. At least when Durant, Harden, and Irving are all healthy. Last Thursday, A16Z announced not only the largest crypto fund in venture capital history but also the additions of Dr. Tomicah Tilleman, a former advisor to President Biden and Hillary Clinton, and Bill Hinman, the former Director of the Securities and Exchange Commission's Division of Corporation Finance. Their task ahead -- work with regulators like Gary Gensler at the SEC to create a clear framework that enables innovation within decentralized crytographically-secured blockchains to thrive as we lead in building a new global financial system based on smart contracts -- while getting rid of the scams that give crypto a bad name. With China giving up its leadership role in crypto the last month -- it's time for the USA to take the lead. And the public-private partnerships forged by thoughtful and long-term focused industry participants like A16Z can be critical in making the USA a leader in this new epoch of computing. ======== Read more in this week's newsletter: https://coinstack.substack.com/ Telegram Group: http://t.me/thecoinstack

In This Video we will be discussing why we believe the XRP Vs SEC Case Is Ending Soon and why this is such bullish XRP Sec News. The U.S. Securities and Exchange Commission (SEC) and Ripple Labs are jousting — yet again — over discovery in the SEC v. Ripple lawsuit. This time, the SEC wants to block Ripple from calling Silicon Valley lawyer William Hinman, the former director of the SEC's Division of Corporation Finance, to testify, according to a new legal filing. --- Support this podcast: https://anchor.fm/cryptologicpod/support

In This Video we will be discussing why we believe the XRP Vs SEC Case Is Ending Soon and why this is such bullish XRP Sec News. The U.S. Securities and Exchange Commission (SEC) and Ripple Labs are jousting — yet again — over discovery in the SEC v. Ripple lawsuit. This time, the SEC wants to block Ripple from calling Silicon Valley lawyer William Hinman, the former director of the SEC's Division of Corporation Finance, to testify, according to a new legal filing. --- Support this podcast: https://anchor.fm/cryptologicpod/support

El Salvador is handing out up to $117 million in Bitcoin to its citizens. Athena Bitcoin, operator of bitcoin automated teller machines (ATMs) throughout the Americas, is poised to establish 1,500 new cash-to-crypto machines in El Salvador. Tesla CEO Elon Musk may have an on-stage discussion with Twitter CEO Jack Dorsey at an upcoming bitcoin event,, B Word, according to recent tweets. Tanzania cbank says it is working on president's cryptocurrency push. SEC files Motion to Quash deposition of William H. Hinman, ex-SEC Director of the Division of Corporation Finance. SEC accuses XRP Army of issuing 'false statements' against its leadership on social media. UK regulator bans Binance from regulated activities in the country. Central bank digital currencies get full Bank of International Settlements (BIS) backing.

SEC identifies 2021 regulatory priorities. Financial Stability Oversight Council pushes for SOFR. House Judiciary Subcommittee proposes antitrust agenda for digital markets. NYDFS recommends SEC establish climate risk disclosure rules. ISDA issues consultation on fallbacks for LIBOR ICE swap rates. SEC appoints Director of Corporation Finance and General Counsel.

In our Full disclosure podcast series, we’re bringing you back to the basics on all things related to financial statement presentation and disclosure, from the top of the financial statements through the footnotes. Our inaugural episode this week focuses on general reporting and balance sheet presentation requirements. Kyle Moffatt, a partner in our National Office, is back in the guest seat to set the stage for the series with our host, Heather Horn. Topics include:1:32 - General presentation reminders. GAAP comes first. Kyle reminds our listeners of the FASB codification guidance for interim and annual financial statement presentation for both public and private companies, as well as the incremental guidance from the SEC for public companies.2:37 - Significant accounting policies. Kyle reminds companies how to determine which accounting policies are significant, and encourages listeners to take a fresh look at their disclosures.9:13 - Significant account balances. Kyle outlines the SEC rules regarding when balances should be broken out and presented separately on the balance sheet. 14:53 - Balance sheet classification. Reporting entities are required to present a classified balance sheet. Kyle explains the requirements and how they provide insights for the users of the financial statements.17:55 - Balance sheet offsetting.  Kyle breaks down the key criteria that must be met to determine whether you can offset assets and liabilities on the balance sheet. 22:00 - Other considerations. We discuss other important considerations for balance sheet presentation, what the SEC staff focuses on, and key takeaways. Want to learn more? Read the following chapters from our Financial statement presentation guide: Chapter 1: General presentation and disclosure requirementsChapter 2: Balance sheetChapter 29: Interim financial reportingKyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With nearly 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

The new SEC Chair is focused on change and action. In this week’s episode, host Heather Horn is joined by Kyle Moffatt, a partner in our National office, and Michael O’Brien, a managing director in our Government, Regulatory Affairs & Public Policy group, to discuss where we expect the SEC’s agenda to go under the direction of the new SEC Chair, Gary Gensler.Topics include:0:45 - President Biden’s address to congress. Michael sets the stage by giving us a rundown of what is going on in Washington and how President Biden’s address to Congress may influence the SEC’s agenda. 4:25 - Interagency cooperation. Michael and Heather discuss how the SEC’s cooperation with other agencies impacts rulemaking and how hedge fund oversight, cryptocurrency, and climate are interagency priorities right now. 8:07 - Regulatory Flexibility Agenda and rulemaking. Kyle and Michael talk about how and why the comment letter and rulemaking processes can be lengthy for certain issues, such as ESG and climate, with congressional oversight. 13:46 - The new SEC. Kyle and Michael discuss what the new SEC staff appointments are focused on and how the new chairman is driving change in the direction of the Commission.22:56 - Bipartisan support. Kyle discusses where common ground has been found between the two parties in the past and how it has impacted other agencies.25:08 - Focus on cryptocurrency and SPACs. Michael walks us through some of the immediate concerns relating to cryptocurrency and special-purpose acquisition companies. Kyle tells us where he sees the SEC going in these areas. 31:59 - Principles-based approach. Our guests tell us what changes we can expect to see to principles-based rulemaking.36:05 - Key takeaways. Kyle and Michael encourage our listeners to keep an eye on Chair Gensler’s actions in the coming weeks as this could be the most active SEC we have seen in decades.  Want to learn more? Read our In the loops:Don’t wait until the SEC staff asks you about climate changeNew human capital disclosure rules: Getting your company readyMaking sense of ESGListen to our prior podcast episode:The SEC’s request for comment on climate disclosure, explainedKyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Michael O'Brien is a Managing Director in the Office of Government, Regulatory Affairs & Public Policy. In his current role, Michael represents the firm and its interests before Congress, the Executive Branch, and Federal regulatory agencies. He has represented the firm on matters related to the implementation of Sarbanes-Oxley and Dodd-Frank, state and federal taxation, and litigation reform. Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy

In 2018, when William Hinman was the Director of the Division of Corporation Finance within the SEC, he stated that it was felt that ETH (Ethereum) was initially offered through a securities offering, but that it was now no longer a security due to its decentralization and some other reasons whispered in the halls of the US Financial Regulators. Since then, in the light of confusion amidst the laws concerning crypto and blockchain, not only are the SEC alleging that XRP is now a security, and NFTs may be a security in certain circumstances, but that ETH 2.0 may just see itself transform back into a security once again. Join the host of Crypto and Blockchain Talk, Aviva Ounap, as she talks to financial journalist Ben Jessel of Forbes.com and discuss the Howey Test, XRP, NFTs and the big one – will ETH 2.0 fulfill the requirements of a security? Tune in to CryptoAndBlockchainTalk.com, the podcast that makes you smarter about the worlds of blockchain and cryptocurrency, and everything in between. It is our mission to interview the brightest stars in this space, bringing them straight to your ears for your listening pleasure, and best of all, for free! In addition, all interviews are streamed on Crypto24Radio.com, bringing you the latest news on all things blockchain and crypto-related all day, every day - plus music! So stay tuned and enjoy. We LOVE having you as our listener, and friend! SUBSCRIBE to our social channels and never miss an episode: SPOTIFY   iTunes   Stitcher   Soundcloud   Google Play Music   Tunein   Castbox   Podchaser   Pocket Casts   Overcast   iHeartRadio   PlayerFM   YouTube   Acast   Podnews   Castbox   Poddtoppen   Feedspot   Kimcoin   PodBean   Chartable  LISTEN NOTES  PodParadise Bullhorn amazon music vurbl __________________________ Do you want us to talk about your project or company? Email us: education@saviidigital.com Disclaimer: NO FINANCIAL ADVICE The information on this channel/website is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this channel is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this channel/website and provided from or through this channel/website is general in nature and is not specific to you, the user, or anyone else. This channel/website not a substitute for financial advice from a professional who is aware of the fact circumstances of your individual situation. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this channel/website without undertaking independent due diligence and consultation with a professional broker or financial advisor.

As the first quarter of 2021 comes to a close, listen as host Heather Horn and a panel of PwC partners highlight what companies should be thinking about for their interim reporting.Topics include:0:47 - New accounting standards to consider. We begin with reminders of new guidance effective (or early adoptable) for calendar year-end public companies this quarter. 19:01 - Trends from the quarter. Next, we cover top consultation trends and areas of interest from the past quarter. Want more quarterly resources? Read our The quarter close — First quarter 2021 or watch our Q1 2021 Quarterly accounting webcast.Tom Barbieri is a Deputy Chief Accountant in PwC’s National Office and the financial instruments accounting leader. He has nearly 30 years of experience advising clients on complex accounting and financial reporting issues relating to financial instruments. During Tom’s tenure in the National Office, he has been at the forefront of emerging accounting issues and has regular interactions with the FASB, SEC, and other regulators and standard setters. Pat Durbin is a Deputy Chief Accountant in PwC’s National Office and the leader of the revenue and liabilities division. He has nearly 30 years of experience consulting with clients and engagement teams on complex accounting matters, including issues related to revenue, compensation, income taxes, and inventory under both US GAAP and IFRS.  Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Beth Paul is a Deputy Chief Accountant in PwC’s National Office responsible for a team of consultants that specialize in business combinations and related areas, such as consolidations, disposals, impairments, and segment reporting. Prior to this role, Beth was the Strategic Thought Leader in PwC’s National office, working closely with firm leadership to determine PwC’s position on emerging trends in auditing, accounting, and financial reporting matters.Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With nearly 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Gregory Burke, a PhD student in accounting at Duke University, joins the Business Scholarship Podcast to discuss his paper SEC Rule 14a-8 Shareholder Proposals: No-Action Requests, Determinants, and the Role of SEC Staff. In this paper, Burke examines shareholder proposals submitted by firms to the SEC's Division of Corporation Finance for no-action relief. He tests whether four determinants (legal characteristics, pressure, proposal attributes, and individual staff) are associated with higher probabilities of no-action relief being granted and finds that there are statistically significant associations for each. This episode is hosted by Andrew Jennings, a teaching fellow and lecturer in law at Stanford Law School.

SEC Chair Jay Clayton makes his exit. FRB lowers certain reserve requirements and proposes simplifying interest rate formula. FDIC provides guidance on compliance with annual independent audits and reporting requirements. SEC proposes amendments to safe harbor rules on the sale of securities. SEC Division of Corporation Finance provides disclosure guidance for SPACs. OFAC modifies authorizations under Venezuela- and Ukraine-related general licenses. CFTC identifies contracts subject to position limits rule. Nasdaq proposes to allow primary direct floor listings. CFTC begins review of proposed sports-related futures contracts. SEC chief of staff to leave the agency in January.

The 2020 AICPA Conference on Current SEC and PCAOB Developments included content focused on how all participants in the financial reporting ecosystem have a shared objective. Join Heather Horn, Valerie Wieman, and Kyle Moffatt as they discuss key takeaways from this year’s conference.Topics include:0:51 - Background and overall themes. Val kicks off our discussion giving some background on this year’s virtual conference, touching on the format and attendees.1:54 - The search for fraud. Ryan discusses the SEC’s Enforcement Division’s initiatives intended to identify industry outliers and fraud. 9:47 - SEC update. Ryan and Val provide the highlights from the SEC sessions, including new rules, comment letter trends, the technical topics covered in staff speeches, as well as a summary of which amendments can be applied now, and which need to wait until 2021. 15:21 - FASB update. Val highlights the findings from the FASB’s in process post implementation reviews of the credit losses standard and updates us on the debate over the goodwill project. 19:35 - COVID-19 update. COVID-19 was addressed in nearly all sessions. Val fills us in on the details. 21:58 - The future of the profession. We wrap up sharing the conference’s overarching theme on the importance of diversity and technology upskilling.Valerie Wieman is the National Office Editor-in-chief. She manages the creation, development, and publication of our brand-defining thought leadership. She is also responsible for Viewpoint, our new digital information platform. Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode Matt and Tom go into the weeds to look at recent remarks by SEC Chairman Jay Clayton and Bill Hinman, director of the Division of Corporation Finance, on issues around insider trading compliance programs. Some of the issues we consider are:  Why would two high ranking SEC officials publicly address insider trading and compliance in the same week? What are the rules around 10(b)5-1? What about Albert Bourla, the CEO of Pfizer, who sold $5.6 million worth of Pfizer shares on Nov. 9, the day the company announced stellar results of its Covid vaccine trials. Who owns insider trading compliance in a corporation? Values based ethics v. rules based ethics. Tom Moyer, former CCO and now head of Global Security at Apple indicted for alleged offering bribes to obtain concealed carry permits in Santa Clara County CA. Resources For more information see Matt’s blog posts: SEC Warning on Insider Trading Sales Apple Exec Indicted on Bribery Charge Learn more about your ad choices. Visit megaphone.fm/adchoices

To help you prepare your year-end financial statements, listen to PwC partners Heather Horn, Ryan Spencer, and Kyle Moffatt give their observations from SEC comment letters made public in 2020. In addition to discussing top areas of interest—including COVID-19, revenue recognition, non-GAAP, MD&A, and segment reporting—they also provide a few best practices for responding to SEC comments.Topics include:0:46 - Overview. As former Chief Accountant and Disclosure Program Director in the SEC’s Division of CorpFin, Kyle shares his unique perspective on the SEC’s filing review program and all the parties involved.10:27 - Overall trends. Ryan shares his observations with respect to the overall trends in SEC comment letters in 2020, including:13:16 - MD&A17:07 - COVID-1918:46 - Non-GAAP25:37 - Revenue recognition27:29 - Segment reporting31:02 - Best practices. Before wrapping up, Ryan and Kyle provide a handful of best practices on the most effective way to respond to comment letters.Ryan Spencer is a Partner at PwC's National Office specializing in SEC financial reporting. He has over 20 years of experience serving clients and is a frequent contributor to PwC’s publications and communications.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Did you miss this year’s FEI Corporate Financial Reporting Insights Conference? We have you covered. In this episode, Valerie Wieman and Kyle Moffatt, both partners in PwC’s National Office, join host Heather Horn to provide their perspective on what we heard at the FASB and SEC sessions.Topics include:0:50 - Background and overall themes. We kick off our discussion with some background on the conference and summarize this year’s presenters. 2:02 - FASB standard setting update. Val discusses the remarks given by the FASB’s new chairman, Rich Jones, and new technical director, Hillary Salo, highlighting their key initiatives and areas of focus. Val also shares what we heard about the FASB’s agenda for the rest of the year and beyond. 10:50 - SEC update. Kyle provides the highlights from the SEC sessions, including OCA’s priorities and the common questions fielded from consults with Corp Fin.16:00 - The COVID-19 environment. Not surprisingly, there was some discussion of the reporting implications of the COVID-19 pandemic. Kyle highlights the three key areas of focus: MD&A, goodwill impairment, and non-GAAP measures and metrics 20:05 - Wrap up. We close by discussing the primary messages that stood out during this year’s conference. Valerie Wieman is an assurance partner in PwC’s National Office where she develops content and supports the creation of brand-defining thought leadership publications and communications.Kyle Moffatt is a partner in PwC's National Office where he consults with engagement teams and audit clients on SEC reporting matters. He joined PwC in April 2020 after spending almost 20 years with the SEC, most recently as Chief Accountant and Disclosure Program Director in the Division of Corporation Finance.Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Form 8-K is a broad SEC form used to share specified events with shareholders. But it’s not always clear when it’s required. That’s why in this episode, Heather Horn is joined by Wayne Carnall to discuss the requirements for this type of filing. Topics include:0:56 - Overview. Do all significant events that take place between a quarterly and annual filing require a Form 8-K? Wayne shares examples of common events requiring Form 8-K and the required timing.10:23 - COVID-19. Some companies have recorded an impairment due to the pandemic—which is one of the events that could require an 8-K. Wayne and Heather discuss the regulation for this type of event.16:02 - Acquired businesses and pro forma information. The SEC recently amended its rules related to the financial statements of an acquired business and pro forma information. Wayne highlights how these rules interact with the Form 8-K regulations. 23:16 - Error corrections and auditor changes. Wayne and Heather give tips for navigating 8-K filings to report a correction of an error, and the considerations when there has been a change in an auditor. Wayne Carnall is a former Chief Accountant of the Division of Corporation Finance at the SEC. Wayne has broad and extensive financial reporting and regulatory experience involving domestic and international companies in a wide range of industries. Having served in that role during the financial crisis, Wayne worked with other senior officials at the SEC and other agencies and organizations to address and resolve financial reporting matters of unprecedented complexity in a dynamic political environment. Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

With reductions to revenue and disruptions to supply chains, companies started to feel the economic effects of COVID-19 at the end of the first quarter. How did this affect how they reported their quarterly results? We’re here to share some observations.In this episode, Heather Horn is joined by Wayne Carnell to discuss how companies addressed the impact of the virus, including the use of non-GAAP measures, in their reports. Topics include:0:34 - Overview. We begin by sharing the various ways companies disclosed the impact of COVID-19 in their most recent filings. 3:19 - Non-GAAP. Wayne highlights the rules regarding non-GAAP disclosures and why companies like them. He also discusses how companies approached communicating the impact of COVID-19.14:00 - MD&A and notes. How can companies provide investors with information about COVID-19 that would not be appropriate to include in the financial statements? Wayne explains. 22:53 - What’s next? As we look forward to the second quarter, Wayne discusses what companies should consider in identifying items related to COVID-19.Wayne Carnall is a former Chief Accountant of the Division of Corporation Finance at the U.S. Securities and Exchange Commission. Wayne has broad and extensive financial reporting and regulatory experience involving domestic and international companies in a wide range of industries. Having served in that role during the financial crisis, Wayne worked with other senior officials at the SEC and other agencies and organizations to address and resolve financial reporting matters of unprecedented complexity in a dynamic political environment. Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Meredith Cross joins Ronan and JR to talk about corporate disclosures during the pandemic, how today's crises compare to the financial crisis, and how JR lightened the mood at senior staff meetings at the SEC. Former Director of the SEC’s Division of Corporation Finance, Meredith Cross is currently a Partner at WilmerHale - where she advises companies on disclosure, corporate finance securities law, and corporate governance.

In this episode, the Grand Histor and Sysco Corporation Finance Exec., Rob J. Guarini joined us to talk finance. We dig into personal finance, chapter finance, investing, gaining experience and leveraging your networks. Everyone wants to be financially secure, but not everyone knows how to make that happen. Invest in yourself with this episode, get started on your financial education, get some tips for your financial health and let us know what resonated with you.

Bitcoin is up 3.5% at $8,569 XRP is up 3% at 43 cents and Ethereum is up 3% at $268 Top gainers in the last 24 hours: Bloom up 33% Today's blockchain and cryptocurrency news The SEC Director of Corporation Finance said that cryptocurrencies can shift from being a potential security to clearly not being one. Japan has officially revised its laws to provide more clarity, tighter leash on cryptocurrencies. State Farm and USAA are working together to test a blockchain solution. The president and COO of Coinbase left the firm.

The newly formed Blockchain Association recently released a post outlining what it calls the Hinman Token Standard based on a speech given last summer by Bill Hinman, director of the SEC’s Division of Corporation Finance. The Blockchain Association's director of external affairs, Kristin Smith, breaks down what factors are part of the standard, how much weight should be given to remarks he gave at a conference and how decentralization can square with leadership. We also discuss the Token Taxonomy Act, which seeks to amend the Securities Exchange Act to define "digital tokens" and when they are not securities. Thank you to our sponsors! CipherTrace: http://ciphertrace.com/unconfirmed Episode links: The Blockchain Association: https://theblockchainassociation.org Kristin Smith: https://twitter.com/KMSmithDC The Hinman Token Standard: https://medium.com/@BlockchainAssoc/understanding-the-secs-guidance-on-digital-tokens-the-hinman-token-standard-dd51c6105e2a Token Taxonomy Act: https://www.congress.gov/bill/115th-congress/house-bill/7356

TOPIC: Judge Joe Brown and Attorney Damon D. Colbert Examine Megyn Kelly's Blackface and Crack AddictionABOUT ATTORNEY DAMON D. COLBERT Damon D. Colbert is a criminal trial lawyer who represents individuals charged with crimes in Northern Virginia and the District of Columbia. He has been a member of the Virginia State Bar since 2001 and a member of the District of Columbia Bar since 2002. He has been a solo practitioner since January 2014. Before he started his own practice, Mr. Colbert was an assistant general counsel for a self-regulatory organization that protects investors, state and local governments, other municipal entities, and the public interest by promoting a fair and efficient municipal-securities market. Mr. Colbert was a Special Counsel and an Attorney-Advisor in the Division of Corporation Finance of the United States Securities and Exchange Commission from September 2007 to February 2013. Mr. Colbert began his career in 2001 as an associate in the corporate and securities group of Shaw Pittman LLP (now Pillsbury Winthrop Shaw Pittman LLP) and ascended to senior associate before becoming a lawyer in the federal government. ____________________________________ please valeriedenisejones.com for more details. Also, join us on Fridays for THE JUDGE JOE BROWN SHOW, 4p EST. Studio Line: (929) 477-1167

This week, Scarlet and Joe spoke with Adam Tooze, Columbia University professor and author of "Crashed: How a Decade of Financial Crises Changed the World" about Turkey's economic crisis and how the U.S. is doing nine years into a bull market. Keith Higgins, former Director of Corporation Finance at the SEC under President Obama, also came on to discuss whether Elon Musk's tweet broke the law. Then Peter Wagner, Prison Policy Initiative executive director, joined to discuss unemployment rates for formerly incarcerated people. 

The Sixth Annual Financial Reporting Conference provides a forum for interaction between business and accounting executives and policy setters from the U.S. Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). The event takes place on May 3, 2007, at Baruch College Vertical Campus, Room 14-220. Norman N. Strauss, Ernst and Young Executive Professor-in-Residence of Baruch College, moderates the conference. [Part I -- 63 min.] Introduction and Welcome Norman N. Strauss, Ernst and Young Executive Professor-in-Residence, Baruch College Kathleen M. Waldron, President, Baruch College Opening Remarks Robert Herz, Chairman, Financial Accounting Standards Board (FASB) Conrad Hewitt, Chief Accountant, Securities and Exchange Commission (SEC) [Part II -- 81 min.] Panel 1: Current Developments at the SEC James L. Kroeker, Deputy Chief Accountant, SEC Carol Stacey, Chief Accountant, Division of Corporation Finance, SEC Susan G. Markel, Chief Accountant, Division of Enforcement, SEC [Part III -- 81 min.] Panel 2: Current Private Sector Developments Leslie Seidman, Board Member, FASB James Johnson, Partner, Deloitte & Touche LLP, Member EITF Michael P. Cangemi, President and CEO, Financial Executive International (FEI) [Part IV -- 135 min.] Luncheon Address by Thomas Ray, Chief Auditor, Public Company Accounting Oversight Board (PCAOB), introduced by Masako Darrough, Professor and Chair of the Stan Ross Department of Accountancy Panel 3: Complexity in Financial Reporting Robert Herz, Chairman, FASB Greg Jonas, Managing Director, Moody's Investors Service Jan Hauser, PricewaterhouseCoopers LLP Scott Taub, Partner, Financial Reporting Advisors Robert Laux,Director of Financial Accounting and Reporting, Microsoft, Inc. [Part V -- 75 min.] Panel 4: Fair Value Implementation Leslie Seidman, Board Member, FASB Don Charles, Partner, Ernst & Young LLP James W. Barge, Senior Vice President and Controller, Time Warner Marc Northam, Partner, KPMG LLP Greg Jonas, Managing Director, Moody's Investors Service

The Sixth Annual Financial Reporting Conference provides a forum for interaction between business and accounting executives and policy setters from the U.S. Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). The event takes place on May 3, 2007, at Baruch College Vertical Campus, Room 14-220. Norman N. Strauss, Ernst and Young Executive Professor-in-Residence of Baruch College, moderates the conference. [Part I -- 63 min.] Introduction and Welcome Norman N. Strauss, Ernst and Young Executive Professor-in-Residence, Baruch College Kathleen M. Waldron, President, Baruch College Opening Remarks Robert Herz, Chairman, Financial Accounting Standards Board (FASB) Conrad Hewitt, Chief Accountant, Securities and Exchange Commission (SEC) [Part II -- 81 min.] Panel 1: Current Developments at the SEC James L. Kroeker, Deputy Chief Accountant, SEC Carol Stacey, Chief Accountant, Division of Corporation Finance, SEC Susan G. Markel, Chief Accountant, Division of Enforcement, SEC [Part III -- 81 min.] Panel 2: Current Private Sector Developments Leslie Seidman, Board Member, FASB James Johnson, Partner, Deloitte & Touche LLP, Member EITF Michael P. Cangemi, President and CEO, Financial Executive International (FEI) [Part IV -- 135 min.] Luncheon Address by Thomas Ray, Chief Auditor, Public Company Accounting Oversight Board (PCAOB), introduced by Masako Darrough, Professor and Chair of the Stan Ross Department of Accountancy Panel 3: Complexity in Financial Reporting Robert Herz, Chairman, FASB Greg Jonas, Managing Director, Moody's Investors Service Jan Hauser, PricewaterhouseCoopers LLP Scott Taub, Partner, Financial Reporting Advisors Robert Laux,Director of Financial Accounting and Reporting, Microsoft, Inc. [Part V -- 75 min.] Panel 4: Fair Value Implementation Leslie Seidman, Board Member, FASB Don Charles, Partner, Ernst & Young LLP James W. Barge, Senior Vice President and Controller, Time Warner Marc Northam, Partner, KPMG LLP Greg Jonas, Managing Director, Moody's Investors Service

The Sixth Annual Financial Reporting Conference provides a forum for interaction between business and accounting executives and policy setters from the U.S. Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). The event takes place on May 3, 2007, at Baruch College Vertical Campus, Room 14-220. Norman N. Strauss, Ernst and Young Executive Professor-in-Residence of Baruch College, moderates the conference. [Part I -- 63 min.] Introduction and Welcome Norman N. Strauss, Ernst and Young Executive Professor-in-Residence, Baruch College Kathleen M. Waldron, President, Baruch College Opening Remarks Robert Herz, Chairman, Financial Accounting Standards Board (FASB) Conrad Hewitt, Chief Accountant, Securities and Exchange Commission (SEC) [Part II -- 81 min.] Panel 1: Current Developments at the SEC James L. Kroeker, Deputy Chief Accountant, SEC Carol Stacey, Chief Accountant, Division of Corporation Finance, SEC Susan G. Markel, Chief Accountant, Division of Enforcement, SEC [Part III -- 81 min.] Panel 2: Current Private Sector Developments Leslie Seidman, Board Member, FASB James Johnson, Partner, Deloitte & Touche LLP, Member EITF Michael P. Cangemi, President and CEO, Financial Executive International (FEI) [Part IV -- 135 min.] Luncheon Address by Thomas Ray, Chief Auditor, Public Company Accounting Oversight Board (PCAOB), introduced by Masako Darrough, Professor and Chair of the Stan Ross Department of Accountancy Panel 3: Complexity in Financial Reporting Robert Herz, Chairman, FASB Greg Jonas, Managing Director, Moody's Investors Service Jan Hauser, PricewaterhouseCoopers LLP Scott Taub, Partner, Financial Reporting Advisors Robert Laux,Director of Financial Accounting and Reporting, Microsoft, Inc. [Part V -- 75 min.] Panel 4: Fair Value Implementation Leslie Seidman, Board Member, FASB Don Charles, Partner, Ernst & Young LLP James W. Barge, Senior Vice President and Controller, Time Warner Marc Northam, Partner, KPMG LLP Greg Jonas, Managing Director, Moody's Investors Service

The Sixth Annual Financial Reporting Conference provides a forum for interaction between business and accounting executives and policy setters from the U.S. Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). The event takes place on May 3, 2007, at Baruch College Vertical Campus, Room 14-220. Norman N. Strauss, Ernst and Young Executive Professor-in-Residence of Baruch College, moderates the conference. [Part I -- 63 min.] Introduction and Welcome Norman N. Strauss, Ernst and Young Executive Professor-in-Residence, Baruch College Kathleen M. Waldron, President, Baruch College Opening Remarks Robert Herz, Chairman, Financial Accounting Standards Board (FASB) Conrad Hewitt, Chief Accountant, Securities and Exchange Commission (SEC) [Part II -- 81 min.] Panel 1: Current Developments at the SEC James L. Kroeker, Deputy Chief Accountant, SEC Carol Stacey, Chief Accountant, Division of Corporation Finance, SEC Susan G. Markel, Chief Accountant, Division of Enforcement, SEC [Part III -- 81 min.] Panel 2: Current Private Sector Developments Leslie Seidman, Board Member, FASB James Johnson, Partner, Deloitte & Touche LLP, Member EITF Michael P. Cangemi, President and CEO, Financial Executive International (FEI) [Part IV -- 135 min.] Luncheon Address by Thomas Ray, Chief Auditor, Public Company Accounting Oversight Board (PCAOB), introduced by Masako Darrough, Professor and Chair of the Stan Ross Department of Accountancy Panel 3: Complexity in Financial Reporting Robert Herz, Chairman, FASB Greg Jonas, Managing Director, Moody's Investors Service Jan Hauser, PricewaterhouseCoopers LLP Scott Taub, Partner, Financial Reporting Advisors Robert Laux,Director of Financial Accounting and Reporting, Microsoft, Inc. [Part V -- 75 min.] Panel 4: Fair Value Implementation Leslie Seidman, Board Member, FASB Don Charles, Partner, Ernst & Young LLP James W. Barge, Senior Vice President and Controller, Time Warner Marc Northam, Partner, KPMG LLP Greg Jonas, Managing Director, Moody's Investors Service

The Sixth Annual Financial Reporting Conference provides a forum for interaction between business and accounting executives and policy setters from the U.S. Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB). The event takes place on May 3, 2007, at Baruch College Vertical Campus, Room 14-220. Norman N. Strauss, Ernst and Young Executive Professor-in-Residence of Baruch College, moderates the conference. [Part I -- 63 min.] Introduction and Welcome Norman N. Strauss, Ernst and Young Executive Professor-in-Residence, Baruch College Kathleen M. Waldron, President, Baruch College Opening Remarks Robert Herz, Chairman, Financial Accounting Standards Board (FASB) Conrad Hewitt, Chief Accountant, Securities and Exchange Commission (SEC) [Part II -- 81 min.] Panel 1: Current Developments at the SEC James L. Kroeker, Deputy Chief Accountant, SEC Carol Stacey, Chief Accountant, Division of Corporation Finance, SEC Susan G. Markel, Chief Accountant, Division of Enforcement, SEC [Part III -- 81 min.] Panel 2: Current Private Sector Developments Leslie Seidman, Board Member, FASB James Johnson, Partner, Deloitte & Touche LLP, Member EITF Michael P. Cangemi, President and CEO, Financial Executive International (FEI) [Part IV -- 135 min.] Luncheon Address by Thomas Ray, Chief Auditor, Public Company Accounting Oversight Board (PCAOB), introduced by Masako Darrough, Professor and Chair of the Stan Ross Department of Accountancy Panel 3: Complexity in Financial Reporting Robert Herz, Chairman, FASB Greg Jonas, Managing Director, Moody's Investors Service Jan Hauser, PricewaterhouseCoopers LLP Scott Taub, Partner, Financial Reporting Advisors Robert Laux,Director of Financial Accounting and Reporting, Microsoft, Inc. [Part V -- 75 min.] Panel 4: Fair Value Implementation Leslie Seidman, Board Member, FASB Don Charles, Partner, Ernst & Young LLP James W. Barge, Senior Vice President and Controller, Time Warner Marc Northam, Partner, KPMG LLP Greg Jonas, Managing Director, Moody's Investors Service

This event begins with presentations and demonstrations on how XBRL (eXtensible Business Reporting Language) can be used for equity research and analysis. The regulators and buy and sell side representatives talk about how XBRL will be implemented and used by analysts and investors. The program is presented by NYSSA's (New York Society of Security Analysis) Improved Corporate Reporting Committee. The event takes place on April 11, 2007, at the Baruch College Vertical Campus, Room 14-220. Agenda: 00:00:00 Opening Remarks John A. Elliott, Dean, Zicklin School of Business, Baruch College Eric P. Linder, CFA, President, SavaNet 00:10:43 Speech: Achieving the Potential of XBRL for Investors and Analysts Jeffrey J. Diermeier, CFA, President and CEO, CFA Institute 00:27:38 Presentation: XBRL from the Investor & Analyst Perspective Tom Larson, Chairman, CFA Institute XBRL Working Group 00:46:59 Demonstrations: XBRL in Use for Investment Research Robert Blake, Vice President, XBRL US, Inc. - SEC Viewer Robert Krugman, Senior Vice President, EDGAR Online - Spreadsheet Add-in Eric P. Linder, CFA, President, SavaNet - XBRL Analyst 01:21:24 Speech John W. White, JD, Director, Division of Corporation Finance, SEC 01:38:05 Regulatory Panel: Implementing XBRL for Regulatory Reporting Moderators: Mark Newsome, Director, ING Wholesale Eric P. Linder, CFA, President, SavaNet Panelists: John W. White, JD, Director, Division of Corporation Finance, SEC Jeffrey J. Diermeier, CFA, President and CEO, CFA Institute Donald M. Young, Board Member, FASB Alfred R. Berkeley, III, Board Member, XBRL US, Inc. Chuck Callan, Vice President, Regulatory Affairs, Broadridge (formerly ADP) 02:28:40 Sell Side Panel: XRBL and the Analyst Research Process Moderator: Elmer Huh, Senior Vice President, Lehman Brothers Panelists: Michael Moran, Vice President, Goldman Sachs Michael Skutinsky, Executive Director, Rixml.org John M. Burge, III, EVP, Director of Sales, Auerbach Grayson & Company, Inc. Mark LaMonte, Vice President - Senior Credit Officer, Moody's Investor's Services