Podcasts about national office

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.Companies face growing uncertainty about clean energy tax credits, tariffs, and the related regulatory guidance. In this episode, we explore the current state of clean energy investments, evolving financing structures, and the complex compliance landscape shaping renewable energy strategies today. In this episode, we discuss: 1:19 – A refresher on the scope and objectives of the IRA 3:50 – How the administration change has affected clean energy projects and capital flow, including the role of new tariffs 14:59 – Complexities in prevailing wage, apprenticeship rules, and domestic content requirements 22:37 – Navigating guidance related to clean fuels and transferability of credits 33:33 – A look at positive outcomes like job growth, battery storage integration, and rising demand for renewables 33:36 – Strategic recommendations amid shifting policy, stakeholder expectations, and growing energy demands from AI Looking 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.About our guest Randa Barsoum is a tax partner specializing in federal energy tax credits, advising on Inflation Reduction Act (IRA) tax credits, cost segregations, and fixed assets. Randa specializes in energy-related tax incentives and has been instrumental in guiding clients through the complexities of new tax legislation.About our guest host Guest host Diana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.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.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.com.We're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.With the first wave of companies reporting under the European Sustainability Reporting Standards (ESRS), we address some practical implementation questions about GHG emissions reporting and provide practical examples to help companies apply the ESRS requirements.In this episode, we discuss:2:45 – Organizational boundary guidance under the GHG Protocol versus ESRS, including insights on some challenges companies are facing5:27 – Reporting emissions from leased assets13:13 – Reporting emissions associated with investment entities18:33 – Scope 3 measurement and minimum boundaries44:02 – Determining relevant scope 3 categories50:25 – Complexities when disclosing targetsLooking for more on GHG emissions reporting?*Refer to our publication on the EU Omnibus proposals to amend certain of the reporting requirements, including some that may be mentioned in this episode (this episode was recorded prior to the release of the Omnibus)Watch or listen in to last week's video podcast, Sustainability now: GHG measurement made manageableCheck out our GHG miniseries, Talking GHG, along with other Sustainability now episodesRead Chapter 7 of PwC's Sustainability reporting guide, Greenhouse gas emissions reportingFollow our series and subscribe to our weekly newsletter to stay in the loopAbout our guestMarcin Olewinski is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.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.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.com. Greenhouse gas (GHG) emissions reporting is central to sustainability disclosures—and measuring those emissions accurately is critical to transparent reporting. In this episode, we walk through PwC's five-step process for GHG reporting, with a deep dive into measurement approaches across scope 1, 2, and 3 emissions. In this episode, we discuss: 01:40 – PwC's 5-step process for GHG emissions reporting  06:43 – Scope 1 emissions: direct and indirect measurement methodologies 13:56 –Scope 2 emissions: market-based versus location-based methods 33:17 – Scope 3 emissions: minimum boundaries and measurement approaches for upstream and downstream emissions 50:24 – Key takeaways on measuring emissions based on practical experience  Looking for more on GHG emissions reporting? Check out our GHG miniseries, Talking GHG, along with other Sustainability now episodes Read Chapter 7 of PwC's Sustainability reporting guide, Greenhouse gas emissions reporting  Follow our series and subscribe to our weekly newsletter to stay in the loop  About our guest  Marcin Olewinski is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.  About our host  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.We continue our back-to-basics series on financial statement presentation and disclosure with an episode focused on stock-based compensation. This episode breaks down the key presentation and disclosure principles and how stock-based compensation is reflected in each of the financial statements.In this episode, we discuss:0:55 – Stock-based compensation presentation in the:1:09 – Balance sheet9:36 – Income statement11:34 – Statement of cash flows18:29 – Statement of stockholders' equity20:58 – Key stock-based compensation disclosure requirementsFor more information, see chapter 15 of our Financial statement presentation guide and our Stock-based compensation guide. You can also listen to the other episodes in this miniseries: Reporting reset – Presentation fundamentals Reporting reset – Fair value disclosures Reporting reset – Consolidation disclosuresBe sure to follow this podcast on your favorite podcast app and subscribe to our weekly newsletter for the latest thought leadership.About our guest Ken Stoler is a partner in PwC's National Office who specializes in financial reporting and plan design issues related to equity compensation arrangements, retirement and healthcare plans, and other benefits. He has helped companies navigate their employee compensation issues during IPOs, spin offs, acquisitions, and other major transactions or events. About our host 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.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.com.We're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.In this episode, we explore the foundational concepts that underpin sustainability reporting. From qualitative characteristics and connectivity with financial statements to measurement approaches and general disclosure requirements, we break down what preparers need to know under both the European Sustainability Reporting Standards (ESRS) and International Sustainability Standards Board (ISSB) standards.In this episode, we discuss:1:52 – An overview of the foundations of sustainability reporting3:10 – The qualitative characteristics of sustainability reporting under ESRS and ISSB standards15:29 – Connectivity with the financial statements 18:12 – Three steps to develop quantitative measurements29:31 – General disclosure requirements under ESRS and ISSB standardsLooking for the latest developments in sustainability reporting?Read Chapter 5 of PwC's Sustainability reporting guide, Foundations of sustainability reportingFollow our series and subscribe to our weekly newsletter to stay in the loopAbout our guestDiana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.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. 

* Cyber Attacks Target Multiple Australian Super Funds, Half Million Dollars Stolen* Intelligence Agencies Warn of "Fast Flux" Threat to National Security* SpotBugs Token Theft Revealed as Origin of Multi-Stage GitHub Supply Chain Attack* ASIC Secures Court Orders to Shut Down 95 "Hydra-Like" Scam Companies* Oracle Acknowledges "Legacy Environment" Breach After Weeks of DenialCyber Attacks Target Multiple Australian Super Funds, Half Million Dollars Stolenhttps://www.itnews.com.au/news/aussie-super-funds-targeted-by-fraudsters-using-stolen-creds-616269https://www.abc.net.au/news/2025-04-04/superannuation-cyber-attack-rest-afsa/105137820Multiple Australian superannuation funds have been hit by a wave of cyber attacks, with AustralianSuper confirming that four members have lost a combined $500,000 in retirement savings. The nation's largest retirement fund has reportedly faced approximately 600 attempted cyber attacks in the past month alone.AustralianSuper has now confirmed that "up to 600" of its members were impacted by the incident. Chief member officer Rose Kerlin stated, "This week we identified that cyber criminals may have used up to 600 members' stolen passwords to log into their accounts in attempts to commit fraud." The fund has taken "immediate action to lock these accounts" and notify affected members.Rest Super has also been impacted, with CEO Vicki Doyle confirming that "less than one percent" of its members were affected—equivalent to fewer than 20,000 accounts based on recent membership reports. Rest detected "unauthorised activity" on its member access portal "over the weekend of 29-30 March" and "responded immediately by shutting down the member access portal, undertaking investigations and launching our cyber security incident response protocols."While Rest stated that no member funds were transferred out of accounts, "limited personal information" was likely accessed. "We are in the process of contacting impacted members to work through what this means for them and provide support," Doyle said.HostPlus has confirmed it is "actively investigating the situation" but stated that "no HostPlus member losses have occurred" so far. Several other funds including Insignia and Australian Retirement were also reportedly affected.Members across multiple funds have reported difficulty accessing their accounts online, with some logging in to find alarming $0 balances displayed. The disruption has caused considerable anxiety among account holders.National cyber security coordinator Lieutenant General Michelle McGuinness confirmed that "cyber criminals are targeting individual account holders of a number of superannuation funds" and is coordinating with government agencies and industry stakeholders in response. The Australian Prudential Regulation Authority (APRA) and Australian Securities and Investments Commission (ASIC) are engaging with all potentially impacted funds.AustralianSuper urged members to log into their accounts "to check that their bank account and contact details are correct and make sure they have a strong and unique password that is not used for other sites." The fund also noted it has been working with "the Australian Signals Directorate, the National Office of Cyber Security, regulators and other authorities" since detecting the unauthorised access.If you're a member of any of those funds, watch for official communications and be wary of potential phishing attempts that may exploit the situation.Intelligence Agencies Warn of "Fast Flux" Threat to National Securityhttps://www.cyber.gov.au/about-us/view-all-content/alerts-and-advisories/fast-flux-national-security-threatMultiple intelligence agencies have issued a joint cybersecurity advisory warning organizations about a significant defensive gap in many networks against a technique known as "fast flux." The National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), FBI, Australian Signals Directorate, Canadian Centre for Cyber Security, and New Zealand National Cyber Security Centre have collaborated to raise awareness about this growing threat.Fast flux is a domain-based technique that enables malicious actors to rapidly change DNS records associated with a domain, effectively concealing the locations of malicious servers and creating resilient command and control infrastructure. This makes tracking and blocking such malicious activities extremely challenging for cybersecurity professionals."This technique poses a significant threat to national security, enabling malicious cyber actors to consistently evade detection," states the advisory. Threat actors employ two common variants: single flux, where a single domain links to numerous rotating IP addresses, and double flux, which adds an additional layer by frequently changing the DNS name servers responsible for resolving the domain.The advisory highlights several advantages that fast flux networks provide to cybercriminals: increased resilience against takedown attempts, rendering IP blocking ineffective due to rapid address turnover, and providing anonymity that complicates investigations. Beyond command and control communications, fast flux techniques are also deployed in phishing campaigns and to maintain cybercriminal forums and marketplaces.Notably, some bulletproof hosting providers now advertise fast flux as a service differentiator. One such provider boasted on a dark web forum about protecting clients from Spamhaus blocklists through easily enabled fast flux capabilities.The advisory recommends organizations implement a multi-layered defense approach, including leveraging threat intelligence feeds, analyzing DNS query logs for anomalies, reviewing time-to-live values in DNS records, and monitoring for inconsistent geolocation. It also emphasizes the importance of DNS and IP blocking, reputation filtering, enhanced monitoring, and information sharing among cybersecurity communities."Organizations should not assume that their Protective DNS providers block malicious fast flux activity automatically, and should contact their providers to validate coverage of this specific cyber threat," the advisory warns.Intelligence agencies are urging all stakeholders—both government and providers—to collaborate in developing scalable solutions to close this ongoing security gap that enables threat actors to maintain persistent access to compromised systems while evading detection.SpotBugs Token Theft Revealed as Origin of Multi-Stage GitHub Supply Chain Attackhttps://unit42.paloaltonetworks.com/github-actions-supply-chain-attack/Security researchers have traced the sophisticated supply chain attack that targeted Coinbase in March 2025 back to its origin point: the theft of a personal access token (PAT) associated with the popular open-source static analysis tool SpotBugs.Palo Alto Networks Unit 42 revealed in their latest update that while the attack against cryptocurrency exchange Coinbase occurred in March 2025, evidence suggests the malicious activity began as early as November 2024, demonstrating the attackers' patience and methodical approach."The attackers obtained initial access by taking advantage of the GitHub Actions workflow of SpotBugs," Unit 42 explained. This initial compromise allowed the threat actors to move laterally between repositories until gaining access to reviewdog, another open-source project that became a crucial link in the attack chain.Investigators determined that the SpotBugs maintainer was also an active contributor to the reviewdog project. When the attackers stole this maintainer's PAT, they gained the ability to push malicious code to both repositories.The breach sequence began when attackers pushed a malicious GitHub Actions workflow file to the "spotbugs/spotbugs" repository using a disposable account named "jurkaofavak." Even more concerning, this account had been invited to join the repository by one of the project maintainers on March 11, 2025 – suggesting the attackers had already compromised administrative access.Unit 42 revealed the attackers exploited a vulnerability in the repository's CI/CD process. On November 28, 2024, the SpotBugs maintainer modified a workflow in the "spotbugs/sonar-findbugs" repository to use their personal access token while troubleshooting technical difficulties. About a week later, attackers submitted a malicious pull request that exploited a GitHub Actions feature called "pull_request_target," which allows workflows from forks to access secrets like the maintainer's PAT.This compromise initiated what security experts call a "poisoned pipeline execution attack" (PPE). The stolen credentials were later used to compromise the reviewdog project, which in turn affected "tj-actions/changed-files" – a GitHub Action used by numerous organizations including Coinbase.One puzzling aspect of the attack is the three-month delay between the initial token theft and the Coinbase breach. Security researchers speculate the attackers were carefully monitoring high-value targets that depended on the compromised components before launching their attack.The SpotBugs maintainer has since confirmed the stolen PAT was the same token later used to invite the malicious account to the repository. All tokens have now been rotated to prevent further unauthorized access.Security experts remain puzzled by one aspect of the attack: "Having invested months of effort and after achieving so much, why did the attackers print the secrets to logs, and in doing so, also reveal their attack?" Unit 42 researchers noted, suggesting there may be more to this sophisticated operation than currently understood.ASIC Secures Court Orders to Shut Down 95 "Hydra-Like" Scam Companieshttps://asic.gov.au/about-asic/news-centre/find-a-media-release/2025-releases/25-052mr-asic-warns-of-threat-from-hydra-like-scammers-after-obtaining-court-orders-to-shut-down-95-companies/The Australian Securities and Investments Commission (ASIC) has successfully obtained Federal Court orders to wind up 95 companies suspected of involvement in sophisticated online investment and romance baiting scams, commonly known as "pig butchering" schemes.ASIC Deputy Chair Sarah Court warned consumers to remain vigilant when engaging with online investment websites and mobile applications, describing the scam operations as "hydra-like" – when one is shut down, two more emerge in its place."Scammers will use every tool they can think of to steal people's money and personal information," Court said. "ASIC takes action to frustrate their efforts, including by prosecuting those that help facilitate their conduct and taking down over 130 scam websites each week."The Federal Court granted ASIC's application after the regulator discovered most of the companies had been incorporated using false information. Justice Stewart described the case for winding up each company as "overwhelming," citing a justifiable lack of confidence in their conduct and management.ASIC believes many of these companies were established to provide a "veneer of credibility" by purporting to offer genuine services. The regulator has taken steps to remove numerous related websites and applications that allegedly facilitated scam activity by tricking consumers into making investments in fraudulent foreign exchange, digital assets, or commodities trading platforms.In some cases, ASIC suspects the companies were incorporated using stolen identities, highlighting the increasingly sophisticated techniques employed by scammers. These operations often create professional-looking websites and applications designed to lull victims into a false sense of security.The action represents the latest effort in ASIC's ongoing battle against investment scams. The regulator reports removing approximately 130 scam websites weekly, with more than 10,000 sites taken down to date – including 7,227 fake investment platforms, 1,564 phishing scam hyperlinks, and 1,257 cryptocurrency investment scams.Oracle Acknowledges "Legacy Environment" Breach After Weeks of Denialhttps://www.bloomberg.com/news/articles/2025-04-02/oracle-tells-clients-of-second-recent-hack-log-in-data-stolenOracle has finally admitted to select customers that attackers breached a "legacy environment" and stole client credentials, according to a Bloomberg report. The tech giant characterized the compromised data as old information from a platform last used in 2017, suggesting it poses minimal risk.However, this account conflicts with evidence provided by the threat actor from late 2024 and posted records from 2025 on a hacking forum. The attacker, known as "rose87168," listed 6 million data records for sale on BreachForums on March 20, including sample databases, LDAP information, and company lists allegedly stolen from Oracle Cloud's federated SSO login servers.Oracle has reportedly informed customers that cybersecurity firm CrowdStrike and the FBI are investigating the incident. According to cybersecurity firm CybelAngel, Oracle told clients that attackers gained access to the company's Gen 1 servers (Oracle Cloud Classic) as early as January 2025 by exploiting a 2020 Java vulnerability to deploy a web shell and additional malware.The breach, detected in late February, reportedly involved the exfiltration of data from the Oracle Identity Manager database, including user emails, hashed passwords, and usernames.When initially questioned about the leaked data, Oracle firmly stated: "There has been no breach of Oracle Cloud. The published credentials are not for the Oracle Cloud. No Oracle Cloud customers experienced a breach or lost any data." However, cybersecurity expert Kevin Beaumont noted this appears to be "wordplay," explaining that "Oracle rebadged old Oracle Cloud services to be Oracle Classic. Oracle Classic has the security incident." This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit edwinkwan.substack.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 with an episode focused on consolidation disclosures. These disclosures can be complex, covering both consolidated entities – such as variable interest entities (VIEs) and voting interest entities (VOEs) – as well as variable interests in VIEs that are not consolidated. This episode breaks down the relevant frameworks, presentation principles, and disclosure requirements.In this episode, we discuss:2:00 – The purpose of consolidated financial statements and the guiding frameworks5:50 – General consolidation presentation and disclosure principles8:00 – Principles and objectives for the presentation and disclosure of variable interests in VIEs, including from the perspective of:12:22 – A holder of variable interests in a VIE, regardless of primary beneficiary status14:21 – A primary beneficiary of a VIE16:17 – An entity with variable interests in VIEs for which it is not the primary beneficiary20:35 – Presentation and disclosure considerations for VOEsFor more information, see chapter 18 of our Financial statement presentation guide and our Consolidation guide. You can also listen to the other episodes in this miniseries:Reporting reset – Presentation fundamentalsReporting reset – Fair value disclosuresAbout our guestsAlexander Martin is a partner in PwC's Deals practice who specializes in helping clients solve complex accounting, financial reporting, and business issues arising from deals, structured transactions, and other transformational events. With over 15 years of experience, Alexander has deep expertise in US GAAP and SEC reporting, gained through his roles as an advisor in PwC's Deals practice, a regulator at the SEC, and most recently as a partner in PwC's National Office.Matt Sabatini is a partner in PwC's National Office who helps clients and engagement teams navigate the accounting and financial reporting for complex transactions. He specializes in the accounting for M&A, consolidations, corporate reorganizations, recapitalizations, joint ventures, and other investments.About our guest hostDiana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.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're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.Despite the ever-changing landscape, materiality remains the cornerstone of sustainability reporting – and it's here to stay. In this episode, we discuss how materiality is defined and applied under both the European Sustainability Reporting Standards (ESRS) and International Sustainability Standards Board's (ISSB) standards, highlighting key similarities and differences.In this episode, we discuss:2:13 – Understanding double materiality and impacts, risks, and opportunities (IROs) in the ESRS framework19:15 – Considering long-term horizons, cumulative effects, and uncertainty under ESRS26:39 – Disclosure of relevant IROs under ESRS, including the importance of stakeholders 34:21 – The concept of materiality under ISSB standards40:23 – ISSB risks and opportunitiesIdentifying impacts, risks, and opportunities as well as performing a double materiality assessment are fundamental areas of reporting in accordance with ESRS that are not expected to be impacted by the European Commission's “Omnibus” proposals at this time. For information on how the “Omnibus” proposals could impact reporting, check out PwC's publication.About our guestDiana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.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. 

When federal funding is at risk, diversification is a smart long-term strategy. But there's a more immediate response nonprofits can't afford to ignore — advocacy. In this episode, we break down what advocacy really means, how it works, and why it's essential for every nonprofit to get involved right now. Join us as we explore how to make your voice heard and protect the funding that fuels your mission. Free 30-minute fundraising consultation for NPFX listeners: http://www.ipmadvancement.com/free Want to suggest a topic, guest, or nonprofit organization for an upcoming episode? Send an email with the subject "NPFX suggestion" to contact@ipmadvancement.com. Additional Resources IPM's free Nonprofit Resource Library: https://www.ipmadvancement.com/resources Advocacy & Lobbying Resources for Nonprofits https://patlibby.com The Nonprofit Alliance's Action Alerts about Federal Funding https://tnpa.org/federalfunding/ Alliance for Justice Resource Library https://afj.org/resource-library/ [NPFX] Can Nonprofits Lobby? How LGBTQ and Other Organizations Can Influence Lawmakers https://www.ipmadvancement.com/blog/can-nonprofits-lobby-how-lgbtq-and-other-organizations-can-influence-lawmakers The Secret to Nonprofit Advocacy Success: Keeping Grassroots Supporters Engaged https://www.ipmadvancement.com/blog/the-secret-to-nonprofit-advocacy-success-keeping-grassroots-supporters-engaged Pat Libby is one of the nation's leading experts on citizen lobbying campaigns. A long-time nonprofit leader, consultant, and recovering academic, Pat has made it her mission to teach nonprofit leaders and everyday people how to create change through the legislative process.  She is the author of The Empowered Citizens Guide and The Lobbying Strategy Handbook — funny, relatable books written for anyone who sees a glaring injustice or community-wide problem and wants to scream, “There ought to be law!” but doesn't know how to make it happen. Pat makes conducting a successful grassroots lobbying campaign seem relatively painless by sharing her easy-to-follow formula and pulling the curtain back on things we think we should know but don't. The books are illustrated by real-life examples of people who used her 10-step strategy to pass laws, and contain detailed information on the rules governing nonprofit lobbying. Pat created her strategy while leading a nonprofit organization; since then, it has been used by novice citizen activists throughout the country to pass new laws, including many in California where she resides. You can find many free resources on her website. https://www.linkedin.com/in/patlibbynonprofitconsulting/ https://patlibby.com Kendra E. Davenport, MPL, CFRE, is President and CEO of Easterseals, a leading organization that makes a lasting difference in the lives of 1.5 million people each year by providing essential services to children and adults with disabilities, older adults, veterans, and their families. Kendra oversees the National Office and a federated network of 70 Affiliates whose markets cover 48 states and Washington, D.C. For more than three decades, Kendra has been a leader and innovator in the nonprofit sector, with a consistent focus to facilitating critical services and interventions with organizations specializing in health and human services and disability rights, ensuring everyone can lead full lives. Kendra has extensive management experience, having managed over 1,000 international staff across eighteen sub-Saharan countries while working for one of the largest African American-founded and led nonprofits at the time. She is highly regarded not only for her extensive work in the nonprofit sector and for her leadership amid change, but for her commitment to transparency, accountability, and strong focus on collaboration. Kendra is a graduate of Georgetown University's McCourt School of Public Policy, and serves on boards for organizations that span health, education, civil rights and social action, and economic empowerment. https://www.linkedin.com/in/kendradavenport/ https://www.easterseals.com/ Shannon McCracken is the founding CEO of The Nonprofit Alliance and has been named to The NonProfit Times Power & Influence Top 50 for the last three years. She spent two years as Charity Navigator's Chief Development Officer, facilitating communication with nonprofit organizations and increasing resources to ensure the successful implementation of a new strategic plan, and subsequently served on Charity Navigator's board of directors. Shannon spent 17 years with Special Olympics International, most recently as Vice President of Donor Development. While at Special Olympics, she served as the DMA Nonprofit Federation Advisory Council Chair and Chair of the Ethics Committee. Shannon is a Certified Association Executive with a master's in Nonprofit and Association Management. She serves on the Fundraising.AI Advisory Council and the Fundraising Effectiveness Project Steering Committee as Government Relations Chair. https://www.linkedin.com/in/smccracken/ https://tnpa.org/ Russ Phaneuf, a co-founder of IPM Advancement, has a background in higher education development, with positions at the University of Hartford, Northern Arizona University, and Thunderbird School of Global Management. As IPM's managing director & chief strategist, Russ serves as lead fundraising strategist, award-winning content creator, and program analyst specializing in applied system dynamics. https://www.linkedin.com/in/russphaneuf/ Rich Frazier has worked in the nonprofit sector for over 30 years. In his role as senior consultant with IPM Advancement, Rich offers extensive understanding and knowledge in major gifts program management, fund development, strategic planning, and board of directors development. https://www.linkedin.com/in/richfrazier/

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're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.Understanding the boundaries, or reporting scope, of sustainability reporting frameworks, including with the European Sustainability Reporting Standards and IFRS Sustainability Disclosure Standards, is critical for compliance. In this episode, we explore key concepts like own operations, value chain, and time boundaries to help companies navigate sustainability reporting alongside financial reporting.In this episode, we discuss:1:08 – What the term “boundaries” means for sustainability reporting2:49 – How sustainability and financial reporting boundaries compare14:31 – Understanding upstream and downstream value chains and why they are part of sustainability reporting25:32 – Time horizons for reporting, including short, medium, and long term30:38 – How to handle changes in entity structure during the yearICYMI: Check out the five episodes of this miniseries:Sustainability now: Navigating shifts in the reporting landscape Sustainability now: An overview of key reporting frameworksSustainability now: Determining required reportingSustainability now: Navigating “Omnibus” uncertaintySustainability now: California climate reporting laws continue onAbout our guestDiana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.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.We kick off our latest accounting series focused on financial statement presentation and we go back to the basics. This first episode sets the stage by covering foundational reporting principles, key disclosure considerations, notable differences between public and private company financial statements, and accounting changes and error corrections.In this episode, we discuss:1:04 – Foundational GAAP and SEC requirements for financial statement presentation2:46 – Determining appropriate reporting periods5:01 – Balance sheet presentation: classification, required disclosures, and best practices11:23 – Income statement presentation: structure and key considerations21:10 – Accounting changes, estimates, and error corrections31:50 – Subsequent events: recognition and disclosureFor more on this topic read the following chapters in our Financial statement presentation guide:Chapter 1: General presentation and disclosure requirementsChapter 2: Balance sheetChapter 3: Income statementChapter 28: Subsequent eventsChapter 30: Accounting changesAdditionally, follow this podcast on your favorite podcast app and subscribe to our weekly newsletter to stay in the loop for the latest thought leadership. About our guestPat 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.About our hostGuest host Diana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.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.California's climate disclosure laws have broad implications for businesses worldwide. In this episode, we break down the key reporting requirements, including on greenhouse gas (GHG) and climate risk, and discuss how companies—whether headquartered in California or not—can prepare.In this episode, we discuss:1:10 – Overview of California's climate disclosure laws3:45 – Scope of California SB 25314:05 – Greenhouse gas reporting required by California SB 25324:52 – Scope of California SB 26131:42 –Climate risk reporting under the Task Force on Climate-Related Financial Disclosures framework37:57  – Interoperability with the International Sustainability Standards Board and the European Sustainability Reporting Standards39:18 – California legal challenges, activity in other states, and why companies should continue to move forwardLooking for more on the California climate disclosure laws?Read Chapter 22 of PwC's Sustainability reporting guide, Jurisdictional sustainability reporting – California.Follow our series and subscribe to our weekly newsletter to stay in the loop.About our guestsMarcin Olewinski is a PwC Assurance practice partner with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.Diana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.Valerie Wieman is a PwC National Office partner with over 30 years of experience. She is one of the firm's technical experts on sustainability reporting and helps lead the creation, development, and publication of our brand-defining thought leadership, with a focus on domestic and international sustainability requirements.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. 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're excited to continue our video podcast series on the foundations of sustainability reporting. Now watch along with our sustainability specialists as they discuss the latest on sustainability.In this bonus episode, we break down the EU's Omnibus proposal released on February 26, covering key changes to the Corporate Sustainability Reporting Directive (CSRD), including potential impacts to timing and requirements. Join PwC's Heather Horn and Diana Stoltzfus as they discuss the implications for companies and what's next in the legislative process.In this episode, we discuss:1:46 – Background on the regulatory changes driving the Omnibus proposals5:20 – The process and timeline of the CSRD proposals9:58 – Two CSRD proposals – “stop the clock” and content revision – and potential implications29:30 – The next steps for these proposals31:40 – Proposed changes to EU Taxonomy regulations and member state transposition37:28 – How companies can consider these potential changes before they become finalICYMI: Check out the first three episodes of this miniseries:Sustainability now: Navigating shifts in the reporting landscape Sustainability now: An overview of key reporting frameworksSustainability now: Determining required reportingAbout our guestDiana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.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.A video of this podcast is available on YouTube, Spotify, or PwC's website at viewpoint.pwc.com.In this episode, we continue with an overview of key frameworks, regulatory developments, and resources to leverage on the reporting journey. Host Heather Horn is joined by PwC sustainability reporting specialists and National Office partners, Marcin Olewinski, Diana Stolzfus, and Valerie Wieman to cover the key sustainability reporting frameworks that are expected to have the broadest impact globally as well as interoperability among them. In this episode, we discuss:1:45 – Overview of the key sustainability reporting frameworks expected to have the broadest impact globally5:07 – Corporate Sustainability Reporting Directive, or CSRD, as part of a broader EU regulatory regime*14:18 – International Sustainability Standards Board, or ISSB, standards and inoperability with other frameworks29:10 – GHG Protocol for mandatory and voluntary reporting of greenhouse gas emissions now and in the future 36:13 – Voluntary reporting frameworks including:Task Force on Climate-related Financial Disclosures (TCFD)Global Reporting Initiative (GRI)Climate Disclosure Standards Board (CDSB)Task Force on Nature-related Financial Disclosures (TNFD)44:53 – Practical advice on approaching sustainability reporting requirements in an evolving landscapeAbout our guestsMarcin Olewinski is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.Diana Stoltzfus is a partner in the National Office who helps to shape PwC's perspectives on regulatory matters, responses to rulemakings, and policy development, and implementation related to significant new rules and regulations. Prior to rejoining PwC, Diana was the Deputy Chief Accountant in the Office of the Chief Accountant (OCA) at the SEC where she led the activities of the Professional Practices Group within the OCA.Valerie Wieman is a PwC National Office partner with over 30 years of experience. She is one of the firm's technical experts on sustainability reporting and helps lead the creation, development, and publication of our brand-defining thought leadership, with a focus on domestic and international sustainability requirements.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

In this episode of iGaming Daily, supported by Optimove, Ted Menmuir, SBC's Content Director, joins Viktor Kayed, Senior Journalist for SBC News, to delve into recent breaking news from Italy and Romania.In Italy, the Senate is reviewing the Dignity Decree, which has imposed a ban on gambling sponsorships for six years, leading to significant financial losses for Italian football. Ted and Viktor discuss the potential for the new sponsorship code to revitalise the sector and consider the impact of the revenue from gambling sponsorships on Italian football.Meanwhile, in Romania, an audit revealed systemic failures within the National Office for Gambling, prompting calls for a criminal investigation. The conversation touches on how the implications of these findings could reshape the gambling landscape in Romania and impact the broader European market, as well as consider how the Romanian government will respond to the audit. To find out more about the topics discussed in today's episode, click on the following links:- https://sbcnews.co.uk/sportsbook/2025/02/26/italy-football-betting-ban/ - https://sbcnews.co.uk/europe/2025/02/25/romania-onjn-tax-ccr/  Host: Viktor KayedGuests: Ted MenmuirProducer: Anaya McDonaldEditor: James RossRemember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service. 

 When we hear the word suicide, many of us instinctively recoil. The word is taboo in everyday life.  For family members who have lost somebody to suicide, this stigma can make grieving even more complex.  People may struggle to explain the loss and how they feel about it to friends, colleagues, and other family members. But how do you explain suicide to a young child?  What words should you use? How do you support them?  In June 2024, Ireland's National Office for Suicide Prevention published an illustrated children's book called Safe Harbour, to help parents and carers talk to children bereaved by suicide. The book, written by Patricia Ford and illustrated by Bronna Lee, encapsulates much of what suicide bereavement is about, navigating a world that is both completely new and oddly normal.  For this episode of Health in Europe, we are looking at suicide bereavement with Safe Harbour as our compass.DOWNLOAD SAFE HARBOUR:You can download the book and its resources at https://www.childhoodbereavement.ie/safeharbour PLEASE NOTE:This episode of Health in Europe covers the theme of suicide and contains an account of suicide bereavement. If you are thinking of ending your life, please reach out to family and friends or to a local suicide helpline. If you are unsure of helplines in your area, please visit: https://findahelpline.com 

PROGRAM CONCEPT: AARP Liaison for Caregiving InitiativesProgram OverviewThe AARP Liaison for Caregiving Initiatives program “Care Connectors” aims to build a robust network of volunteers who serve as essential connectors between AARP's National Office, State Offices, and their local community. These volunteers will play a key role in supporting family caregivers through resource dissemination, program coordination, and ensuring that national caregiving priorities are adapted to effectively meet the needs of their community.Monica shares with Roost News Podcast Team member Nancy McCammon Hansen, information on the role of the AARP Liaison for Caregiving Initiatives Program, as well as information on the importance of caregiving and the role of caregivers.

In 2016, Brad Miller, CEO of the Pinellas Suncoast Transit Authority (PTSA), had an idea. What if subsidized rides with Transportation Networking Companies (TNCs) like Uber and Lyft could help people in his community get where they needed to go. What if you could get a subsidized Uber ride at the end of your overnight shift when regular transit isn't running and be able to get home safely? This revolution in public transit and was seen as a model for transit innovation and quickly spread across the country. The next logical question was then: could we do the same for paratransit and offer better service to those riders and even at a lower cost?The answer was yes. And now across the U.S., paratransit riders can book a ride at the last minute—just like non-disabled people can—to get where they need to go. But all that could come crashing to a halt if proposed changes to the Federal Transit Administration (FTA) rules about using TNCs in public transit come into effect. This episode features Brad and other experts talking about how TNCs have helped the disabled community and what the impact on people's lives will be if transit agencies have to stop using Uber and Lyft for paratransit and other on-demand rides.Featured Guests:• Brad Miller: CEO of the Pinellas Suncoast Transit Authority (PSTA) in Florida. Brad shares his pioneering work in integrating TNCs into paratransit services, highlighting the significant benefits and cost savings achieved. He also discusses the looming threat posed by new Federal regulations that could disrupt these services.• Dr. Judy Shanley: National Director of Transportation, Mobility, and Youth at the National Office of Easterseals. Judy brings her extensive experience in advocating for individuals with disabilities and emphasizes the importance of innovative paratransit solutions. She voices concerns about how the proposed regulations could limit transportation options for people with disabilities.• Alex Elegudin: CEO of Wheeling Forward and former Accessibility Chief at the New York City MTA. Alex provides a legal and advocacy perspective, detailing his efforts to improve accessibility in transportation. He discusses his recent Newsweek article that highlights the challenges and potential setbacks of the proposed regulatory changes.• Jen Shepherd: Head of Uber's Global Transit Business. Jen explains Uber's role in supporting transit agencies and the potential consequences of the new regulations on Uber's ability to provide paratransit services. She underscores the safety measures Uber has in place and the broader implications for mobility if these services are curtailed.Link to the proposed rule changes on the U.S. Federal Register: https://www.regulations.gov/docket/FTA-2024-0020Coming up next week, we have the fourth of five episodes Paul recorded while visiting Australia. This week we feature just a few of the amazing women leading public transit in Australia and joining Paul, special co-host Kelly Chapman. 00:00 Introduction and Background01:25 Meet the Panelists03:11 Brad Miller's Innovative Approach06:08 Challenges and Threats to Paratransit Services07:07 Judy Shanley on Easterseals' Role09:29 Alex Elegudin's Perspective20:12 Jen Shepherd on Uber's Involvement30:52 Conclusion and Call to Action32:12 Coming up next week on Transit UnpluggedTransit Unplugged is brought to you by Modaxo https://www.modaxo.comHost: Paul ComfortProducer: Paul ComfortEditor and Writer: Tris HusseyExecutive Producer: Julie GatesSpecial thanks to:Brand design: Tina OlagundoyeSocial Media: Tatyana MechkarovaMarketing content, Transit Unplugged Newsletter, & transit puns: Tris HusseyIf you have a...

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.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.

South Korean President Yoon Suk-yeol was arrested in presidential residence Wednesday, becoming the country's first sitting president to be kept in custody over his short-lived martial law imposition.1月15日，韩国总统尹锡悦在总统官邸被捕，成为该国首位因短暂实施戒严令而被捕的现任总统。A joint investigation unit, composed of the Corruption Investigation Office for High-ranking Officials (CIO), the National Office of Investigation (NOI), and the defense ministry's investigative headquarters, said in a short notice that Yoon was arrested at 10:33 am local time (0133 GMT).由韩国高级公职人员犯罪调查处（CIO，以下简称“公调处”）、国家调查办公室（NOI）和国防部调查总部组成的共同调查本部在一份简短通告中表示，尹锡悦于当地时间上午10时33分（格林尼治标准时间01时33分）被捕。TV footage showed vehicles carrying arrested Yoon moved out of the residence in central Seoul for questioning at the CIO office in Gwacheon, just south of Seoul, before being detained at the Seoul Detention Center in Uiwang, just 5 km away from the office.电视画面显示，载有被捕的尹锡悦的车队驶离位于首尔市中心的官邸，前往位于首尔以南的果川市公调处办公室接受问询，随后被拘留于距离该办公室仅5公里的京畿道首尔拘留所。The CIO will be required to decide within 48 hours whether to seek a separate warrant to detain Yoon for up to 20 days for further questioning or release him.公调处需在48小时内决定是否申请单独的拘留令，以延长拘留尹锡悦最多20天来实施进一步问询，或将其释放。Yoon became the first incumbent president to be arrested in the country's modern history.尹锡悦成为韩国现代史上首位被捕的现任总统。warrantn.搜查令，逮捕状incumbentadj.现任的；在职的

Since 2016 Collette has held the position of  Executive Director for the National Office of Clinical Audit (NOCA). Prior to this, Collette was an Operations Manager for the Royal College of Surgeons in Ireland (RCSI), working on a programme of work in the Middle East. Collette worked for over 20 years as an accountant and management consultant, where she was responsible for change programmes across multiple sectors including banking, health insurance and the public sector in Ireland, Australia and the UK.

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 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. 

In this episode of Nonprofit Nation, we're joined by Cecilia Lee, Alumni Relations Principal at Communities In Schools (CIS), to discuss the powerful role alumni networks can play in driving nonprofit success. CIS—a national organization ensuring students have the resources they need to stay in school—has built a robust alumni engagement strategy that connects participants beyond graduation, turning them into lifelong supporters, advocates, and ambassadors.Cecilia shares how nonprofits can leverage alumni to increase community outreach, event participation, and donor engagement. She explains how public recognition—through programs like the Distinguished Service Alumni Award—motivates alumni involvement and how CIS's President and CEO, Rey Saldaña, exemplifies the potential of alumni who become leaders.Whether you're a nonprofit marketer, fundraiser, or executive, you'll learn actionable strategies for building sustainable alumni networks that deepen engagement and drive long-term mission impact.Key takeaways: Alumni aren't just participants—they're future leaders and lifelong advocates.Public recognition matters. Celebrating alumni can drive engagement and inspire others to stay involved.Alumni ambassadors extend your nonprofit's reach organically, promoting events, recruiting new supporters, and growing awareness.Challenges are inevitable, but thoughtful engagement strategies can keep alumni connected through different stages of life.About Cecilia LeeCecilia Garcia Lee is an immigrant Latina from Mexico. At the age of 3, her familymoved to Houston, TX where she attended school through post-secondary.Cecilia attended Houston Baptist University and began her career working at anelementary school for 2 years. She then transitioned to the non-profit sector, joining the Girl Scouts of San Jacinto Council in Houston, where she assisted and supported the creation of Girl Scout troops in underserved areas, focusing on predominantly black and brown communities.Following her impactful work with the Girl Scouts, Cecilia joined Communities InSchools of Houston (CIS) as a Case Manager at Milby High School. It was here that she discovered her true calling. She later moved to the Development department, where she successfully managed the organization's largest fundraising event for 13 years. During this period, Cecilia started engaging with former CIS students, leading these efforts for over 5 years locally.In the fall of 2021 Cecilia was invited to support the ongoing alumni initiatives forCommunities In Schools' National Office. By February 2023, she became the full-time Principal of Alumni Relations for CIS National. In this role, Cecilia collaborates with CIS alumni nationwide and local leaders. The Alumni Community at the National Office focuses on professional development opportunities for alumni, support and training for alumni who serve on their local CIS board, equitable storytelling, and providing resources for alumni seeking employment or exploring new careers. Cecilia firmly believes that alumni are the heartbeat of Communities In Schools.Links:Communities in SchoolsLinkedIn: Communities in Schools National OfficeCIS Alumni CommunityThis Episode Sponsored By Neon One:Convincing your board to invest in nonprofit tech can feel like a challenge. That's why Neon One created ‘6 Steps to Sell Your Board on Nonprofit Technology.' This guide walks you through ideTake my free masterclass: 3 Must-Have Elements of Social Media Content that Converts

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 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.In the sixth episode of our GHG miniseries on the building blocks of greenhouse gas (GHG) emissions reporting, we conclude our discussion on step 4: measure greenhouse gas emissions with scope 3 emissions. Host Heather Horn is joined again by Marcin Olewinski, an Assurance partner, and Chris Ostermann, a director in PwC's Sustainability Services Group, to provide an introduction to scope 3 emissions, including an overview of their 15 categories downstream and upstream as well as the complexities in measuring these emissions. They share practical advice for measuring these emissions, which often yield more challenges than scope 1 and scope 2.In this episode, we discuss:01:54 – Scope 3 emissions and their related upstream and downstream categories10:49 – Double counting scope 3 emissions and its impact on greenhouse gas emissions reporting15: 33 – The measurement requirements of scope 3 emissions, including ESRS and ISSB frameworks 25:01 – Where to start when gathering data for key assumptions in the measurement of scope 3 emissions35:09 – Time boundaries for applicable scope 3 categories38:53 – Deciding where to prioritize efforts on scope 3 measurement For more information on GHG emissions reporting, including scope 3 emissions discussed in today's episode, check out Chapter 7: Greenhouse gas emissions reporting in PwC's global Sustainability reporting guide. And to catch up on the GHG miniseries, listen to the first four episodes below.Talking GHG: Reporting requirements for greenhouse gas emissionsTalking GHG: How organizational boundaries shape reportingTalking GHG: Determining operational boundariesTalking GHG: Practical insights on measuring scope 1 emissionsTalking GHG: Practical insights on measuring scope 2 emissionsMarcin Olewinksi is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.Chris Ostermann is a director in PwC's Sustainability Services Group working on sustainability and ESG matters with companies across multiple sectors. He focuses on helping clients understand their most significant sustainability/ESG impacts, develop strategies to address those impacts, execute those strategies and communicate progress to investors and other stakeholders.Heather Horn 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. 

IntroductionHello Wonderful Readers*,A very contentious topic came up in a conversation with my female friends this week. I discussed with them how I'm single and looking for a partner in bed and in life. But how old is too old? And how young is too young?When I decided to write about this topic, a cultural icon immediately came to mind: founder and innovator Cindy Gallop. She's currently 64, and she has shared her sexual preferences and experiences with dating apps publicly:“I date younger men for sex. I want lots of stamina and very short recovery periods. I don't get those with men my own age...I was completely honest about everything, including my age…I got an avalanche of responses, which was very good for the ego. 75% of those responses were from younger men.”Her perspective got me thinking. How common are big age differences in heterosexual relationships? Is Cindy Gallop a lone wolf (or a lone “cougar”) in today's world? And are relationships with big age gaps less likely to work out?I dug into the science to answer these questions. While I've found some fascinating things, I will say that to get a complete picture, I could have looked at more data from studies on dating apps and whether these findings hold for LGBTQIA couples because these statistics focused solely on heterosexual couples. The reach of my work here is limited, and there's always room for improvement.So, let's dig in!The State of Age AffairsThere's a clear trend in heterosexual marriages in the United States: now, more than ever before, husbands and wives are likely to be the same age. According to Pew, the average age difference in the United States was 4.9 years in 1880, 2.4 years in 2000, and 2.2 years in 2022.In the data below published in 2008, you can see that for marriages in England and Wales (a proxy for “Western” cultures), there is a bell-shaped distribution of the average age differences between couples. Most married couples in recent history have had a husband who is slightly older than the wife. But this is a difference of less than 5 years, and it has been declining since 1963. Indeed, 51% of opposite-sex marriages today have spouses who are two years apart in age or less, which is up from 46% in 2000 (Pew).Are Relationships with Larger Age Gaps Less Successful?To answer this question, I looked at large-scale studies on divorce rates by age difference. Of course, divorce rates are not the perfect measurement of relationship success. A couple can fight every day and stay married, which is probably worse than a couple that divorces civilly and stays friends. As Divorce Therapist Oona Metz has shared, “What the new research shows is that conflict is bad for kids.” Ideally, I could have looked at relationship conflict and age differences between couples, but as far as I'm aware, no such data exists.It turns out that the age difference of a couple is NOT a major predictor of whether the relationship will end in divorce. The bottom line, according to this 2008 study from the National Office of Statistics, is that, at least for now,“propensity to divorce is not strongly associated with marital age difference at an aggregate level, although further research would be required to control for mortality and any other factors that may affect the risk of divorce.”Other studies have suggested that in order to interpret these findings fully, researchers would need to disaggregate the data based on whether one of the partners was married before and who initiated the divorce. It's well known that about two-thirds of divorces are initiated by women, so these divorce statistics may well be skewed toward women's preferences.Unfortunately, as I dug into this data, I found a lot of crappy news outlets that totally blew findings from certain studies out of proportion and came to conclusions that were misleading or just plain wrong. One poorly researched article on a website called MarketWatch concludes, “The bigger the age gap, the shorter the marriage.” This is not true. The second source they cited has since redacted an inaccurate chart where they tried to show the increased likelihood of the marriage ending based on the age difference. I smell b******t! Still, I had to get out my magnifying glass and relearn how to read coefficients from my Statistics classes at Wharton just to determine that this was indeed a shitstorm of statistical insignificance.As far as we know today, an age difference does not significantly impact the success of a relationship. However, there are a couple more interesting insights below the surface.Extra Interesting Tidbits: Things To ConsiderMale Preferences For Younger Females and Vice VersaA study conducted by Professor David Buss at UT Austin investigated sex differences in mate preferences in 37 cultures with 10,047 participants. Its findings might partially explain why men are slightly older on average in married couples than women. Their key result was:“Females were found to value cues to resource acquisition in potential mates more highly than males. Characteristics signaling reproductive capacity were valued more by males than by females.”Basically, females take more than just physical appearance into account when selecting a mate, as they might want a partner who signals resource acquisition for their potential offspring. Additionally, males might prioritize physical appearance and have a preference for younger females because of “a biological adaptation resulting from the greater potential fertility of younger women” (Office for National Statistics), especially if they want to produce offspring and have a family.However, this is a generalization and certainly not a rule. There is also a variety of other social trends happening. For example, women's increased access to education throughout the world has coincided with an increase in the age of marriage. Plus, while women might have preferred older men for their access to financial stability and resources, the gender pay gap is decreasing with more of us females entering and staying in the workforce, so this is becoming less socially relevant. Indeed, among unmarried adults, single women without children now have, on average, as much wealth as single men (Pew).Until Death Do Us Part: Widowhood & Living AloneThe only reason to be concerned about a large age gap with your partner is whoever is much older is obviously more likely to die sooner, leaving the other person widowed and most likely living alone.According to Pew, as the share of husbands who are older than their wives has fallen, widowhood for women ages 65 and older has fallen to 30% today, down from 45% in 2000. Given this spousal age gap and the fact that women tend to live longer than men globally, about 20% of women over 60 live in a solo household, compared to about 10% of men (Pew).Is Everyone Coming to Cougartown?There's been a lot of talk about “cougars” in the news, or “age-hypogamy,” where the female is older than the male in a heterosexual relationship. A study released in 2003 by the UK's Office for National Statistics concluded that the proportion of women in England and Wales marrying younger men rose from 15% to 26% between 1963 and 1998. Still, these forms of relationships are rare, even though they are slightly on the rise. By a different definition, “recent US census data has shown an increase in age-hypogamous relationships from 6.4% in 2000 to 7.7% in 2012.” (Wikipedia).Despite the sensational news, cougars appear to be happier than other females who are in relationships! There is some evidence that “woman-older partners were the most satisfied with and committed to their relationships, relative to woman-younger and similarly aged partners, consistent with socio-cultural predictions” (Psychology of Women Quarterly, 2008). And for all my older, single female readers, there's evidence that age doesn't matter to male partners as much as beauty. Yes, unfortunately, you're still being held to the standard of the male gaze, but being doesn't matter as much as being good-looking. Is that a plus? I'll leave that for you to decide.Second Marriages & MenDigging through the research, I did find that when a husband is marrying for the second time, his wife is often much younger:“Some 20% of men who are newly remarried have a wife who is at least 10 years their junior, and another 18% married a woman who is 6-9 years younger. By comparison, just 5% of newlywed men in their first marriage have a spouse who is 10 years younger, and 10% married a woman who is 6-9 years younger.” (Pew)The “Socially-Acceptable” Cop Out: “Half your age, plus seven.”I came across this concept during my research. While it will have no impact on whether or not your relationship with someone of a different age will work out, this will help you determine whether or not that age difference is “socially acceptable.” To determine the youngest person who you're allowed to date, simply use “half your age plus seven.”So if I'm 29, the youngest person I could foreseeably date without being seen as a complete weirdo is roughly 22 years old. However, studies have shown that this rule applies much more appropriately to the age range that men can date, as opposed to women, which I think checks out. Because unless he is really amazing, dating a 22-year-old guy for me right now would feel very weird indeed.  My Statistically Insignificant StoriesIn addition to the more useful statistics of having a partner who is alive and the potential of being happy as an older cougar, here are my not-so-scientific summaries of my experiences dating younger and older men.Dating Younger MenLargest Age Difference: 3 years younger than me.In the last two years, I have dated four guys who were three years younger than me. I enjoy dating younger men, and it didn't feel like too significant an age difference. Most of them had gotten a decent start in their careers. They were flexible in terms of their life direction, and they felt more malleable to date.Within this, I noticed some patterns. The younger men I slept with had great bodies and even better stamina, à la Cindy Gallop. They were also more likely to want to go out clubbing, drink heavily, and party party party until the wee hours of the morning (or as they say in Mexico, “la madrugada,” one of my favorite Spanish words). I'm not a total grandma, so sometimes I would go out with them, but I generally prefer not to go too hard or drink too much, lest I want to do anything the day after.Dating Older MenLargest Age Difference: 14 years older than me.In the last year or two, I've dated two men who were at least 12 years older than me (aged 42 and 44, I think). Neither of them stuck around for long. The first one was The Photographer, and while age was not a factor in terms of my attraction to him, he was a workaholic who had no intention of ever having a family. He explicitly told me he didn't want anything serious, and when people tell me who they are, I try to believe them.The other 44-year-old guy was recent. We met at a very fancy bar in Mexico City. He was short but very well-dressed, and his daddy vibes were hot enough to get me to have dinner with him. The problem with him was that he had two children with two different women. While money wasn't an issue for him (he worked in hotels and real estate), no matter how much money you have, there are only so many competing baby mamas and children scattered around the city that I want to contend with.Much unlike the younger men I dated, both of these men seemed more stuck in their ways, with more rigid schedules and lifestyles that I would have to box myself into. Both also either had dead or very old parents, and that was also a turnoff for me, as I'd like my children to be able to meet their grandparents if possible, and I don't want to start a relationship with one foot already in the grave.ConclusionDoes age difference matter in relationships? The answer seems to be no. The only potential downside of dating someone much older is the possibility of being widowed at a younger age and then living alone. But I already live alone anyway, so to me, this wouldn't make a difference.Whether you're attracted to people of all ages is a different question. As is somewhat reflected in the statistics, my range of dating men who are older than me is much wider than men who are younger than me. Yet I can imagine that if I'm single, aged 50+, I will want to jump on the cougar bandwagon and get a taste of that potentially more satisfying and committed relationship with a younger man. Whoopee!Ultimately, I believe that if you both like each other, then none of the other “socially acceptable” bullcrap really matters, and you shouldn't care what other people think. Don't try to follow a baseless rule like the “half your age plus seven” method because it won't make a difference to the success of your relationship anyway. Also, try not to judge other people. Love is love, and as long as no one is committing statutory rape, there's literally nothing wrong with dating someone with a wild age difference, as far as I'm concerned. And given the other social trends that women are becoming more financially independent, getting better educated, and acquiring more resources of our own, it seems perfectly fit and well that we might want to date men who are younger than us for the same reasons of attractiveness and youth that older men have traditionally sought out in us for ages.Final ThoughtSo, my wonderful readers, what do you think? Would you date someone 15 years younger than you or 15 years older than you? Can you be brave and admit you wanted to date someone who was outside the bounds of a “socially acceptable” age difference?Paid subscribers can battle it out in the comments.Love to you all, and enjoy the rest of your weekend,Tash

Did you enjoy this episode? Text us your thoughts and be sure to include the episode name.In our fifth episode of our miniseries on the building blocks of greenhouse gas (GHG) emissions reporting, we discuss step 4: measure greenhouse gas emissions, continuing with scope 2 emissions. Host Heather Horn is joined again by Marcin Olewinski, an Assurance partner, and Chris Ostermann, a director in PwC's Sustainability Services Group, to kick off the second of three episodes focused on measuring greenhouse gases. They will share more of what they're seeing in practice working with companies who are calculating these emissions, a must listen given the complexity of the challenges can grow moving from scope 1 to scope 2 emissions.In this episode, they discuss:02:05 – Scope 2 emissions — how they are different from scope 1 emissions and the formula for calculating them06:39 – Location-based and market-based methods for calculating scope 2 emissions16:02 – Bundled and unbundled instruments and their related challenges19:59 – Importance of selecting appropriate emission factors27:39 – Reporting scope 2 emissions, including selecting the right calculation method to reportFor more information on GHG emissions reporting, including scope 2 emissions discussed in today's episode, check out Chapter 7: Greenhouse gas emissions reporting in PwC's global Sustainability reporting guide. And to catch up on the GHG miniseries, listen to the first four episodes below.Talking GHG: Reporting requirements for greenhouse gas emissionsTalking GHG: How organizational boundaries shape reportingTalking GHG: Determining operational boundariesTalking GHG: Practical insights on measuring scope 1 emissions Marcin Olewinksi is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.Chris Ostermann is a director in PwC's Sustainability Services Group working on sustainability and ESG matters with companies across multiple sectors. He focuses on helping clients understand their most significant sustainability/ESG impacts, develop strategies to address those impacts, execute those strategies and communicate progress to investors and other stakeholders.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.  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.In the fourth episode of our miniseries on the building blocks of greenhouse gas (GHG) emissions reporting, we discuss step 4: measure greenhouse gas emissions, starting with scope 1 emissions. Host Heather Horn and frequent ESG podcast guest Marcin Olewinski, an Assurance partner, are joined by Chris Ostermann, a director in PwC's Sustainability Services Group, to kick off the first of three episodes focused on measuring greenhouse gases. They will share what they're seeing in practice working with companies who are calculating these emissions, including successes and (preventable) misapplications.In this episode, they discuss:02:24 – Scope 1 GHG emissions, including identifying sources and a complete inventory07:05 – Methods for measuring scope 1 emissions and how to select a measurement approach16:56 – Challenges associated with collecting data inputs22:53 – Explaining emissions factors and the challenges in selecting emissions factors for the emissions calculation33:17 – Global warming potentials and their impact on the calculation of scope 1 emissions41:33 – Practical advice from working with clientsFor more information on GHG emissions reporting, including scope 1 emissions discussed in today's episode, check out Chapter 7: Greenhouse gas emissions reporting in PwC's global Sustainability reporting guide. And to catch up on the GHG miniseries, listen to the first three episodes below.Talking GHG: Reporting requirements for greenhouse gas emissionsTalking GHG: How organizational boundaries shape reportingTalking GHG: Determining operational boundariesMarcin Olewinksi is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.Chris Ostermann is a director in PwC's Sustainability Services Group working on sustainability and ESG matters with companies across multiple sectors. He focuses on helping clients understand their most significant sustainability/ESG impacts, develop strategies to address those impacts, execute those strategies and communicate progress to investors and other stakeholders.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. 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 this next episode of our 2024 SEC comment letter miniseries, we discuss accounting for revenue. Revenue is the top line for a reason; it's closely watched by investors and therefore, the SEC staff as well. From variable consideration to disaggregated revenue disclosure, 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:2:25 – An overview of SEC comment letter trends related to revenue12:20 – Significant judgements and estimates in determining the transaction price23:57 – Timing or pattern of the transfer of control28:10 – Disaggregated revenue disclosures40:45 – Other reminders and areas of focus related to revenue44:22 – Industry-specific considerationsFor more information, see our full analysis of SEC comment letter trends, our Revenue from contracts with customers guide, and Chapter 33 of our Financial statement presentation guide. Also, check out our other episode in this miniseries, SEC comment letters – What's trending in 2024. Additionally, follow this podcast on your favorite podcast app for more episodes.Pat Durbin is a Deputy Chief Accountant 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.Mike Coleman is a partner in PwC's National Office who 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 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.Follow this podcast on your favorite podcast app for more episodes.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 the third episode of our miniseries on the building blocks of greenhouse gas (GHG) emissions reporting, we discuss step 3: determine operational boundaries. Host Heather Horn is joined again by Marcin Olewinski, an Assurance partner, and Kelsey Pizza, a senior manager in PwC's National Office, who illustrate the importance of correctly identifying operational boundaries and the impact on the accuracy of GHG reporting. They also discuss how it's a critical step to helping organizations clearly define and understand the scope of their emissions.Because different frameworks may prescribe different approaches while others provide some flexibility, it is key to understand your reporting requirements (as discussed in the first episode in this miniseries, Talking GHG: Reporting requirements for greenhouse gas emissions). We'll highlight different approaches and the impacts (sometimes more significant than one would expect) that an organizational boundary may have on reporting. In this episode, they discuss:2:34 – What operational boundaries are and how they interact with organizational boundaries4:37 - Overview of scope 1, scope 2, and scope 3 emissions and classification10:44 – How and why operational boundaries are determined18:13 - Challenges in classifying emissions from leased assets and the impact of different sustainability frameworks34:19 – Practical advice for determining operational boundaries For more information on GHG emissions reporting, including the scope 2 emissions discussed in today's episode, check out Chapter 7: Greenhouse gas emissions reporting in PwC's global Sustainability reporting guide. And to catch up on the GHG miniseries, listen to the first two episodes below.Talking GHG: Reporting requirements for greenhouse gas emissionsTalking GHG: How organizational boundaries shape reportingMarcin Olewinski is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.Kelsey Pizza is a senior manager in PwC's National Office. She provides advice on technical accounting issues and monitors developments in financial reporting and standard setting. Kelsey helps develop PwC thought leadership, with a particular focus on sustainability reporting, clean and renewable energy accounting matters, and other topics affecting the utilities and sustainable energy sector.Heather Horn 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 wrap up our miniseries on loans and investments with a discussion of the accounting for equity interests, a topic that can impact companies across all industries.In this episode, we discuss:2:02 – Equity interests in scope of ASC 321, Investments—Equity Securities13:19 – Determining whether an equity interest has a readily determinable fair value15:10 – An overview of the “measurement alternative,” including:22:27 – Impairment of equity interests25:31 – Identifying observable transactionsFor more information, see chapter 2 of our Loans and investments guide. Also, check out our other episodes in this miniseries:Applying the CECL model to financial asset credit lossesAccounting for debt securities held by corporatesAccounting for loan receivables by corporatesAdditionally, follow this podcast on your favorite podcast app for more episodes.Chip Currie is a partner in PwC's National Office with nearly 30 years of experience assisting companies in resolving complex business and accounting issues. He concentrates on the accounting for financial instruments under both current and emerging standards and works with many of the firm's largest financial services clients and a number of non-financial services clients on treasury-related matters.Christopher Gerdau is a partner in PwC's National Office specializing in accounting for financial instruments and banking-related topics. Chris also conducts technical reviews of SEC filings and provides technical support to PwC's practice offices. Chris's client service expertise includes the banking, capital markets, and insurance industries.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.We continue our miniseries on loans and investments with a discussion of the current expected credit losses (CECL) impairment model, applicable to a broad range of financial assets. In this episode, we discuss:3:42 – A refresher on the CECL model8:02 – Impact of the current economic environment on credit losses23:43 – Monitoring and governance of credit losses26:46 – SEC comment letters and other activity related to CECL30:49 – FASB developments related to CECL, including purchased financial assetsFor more information, see chapter 7 of our Loans and investments guide. Also, check out our other episodes in this miniseries, Accounting for debt securities held by corporates and Accounting for loan receivables by corporates. Additionally, follow this podcast on your favorite podcast app for more episodes. Catherine 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.Bret Dooley is a Deputy Chief Accountant in PwC's National Office 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 matters.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.We continue our miniseries on loans and investments with a discussion of the accounting by corporate entities for loan receivables, which can include items such as trade receivables and other receivables with customers, suppliers, employees and more.In this episode, we discuss:1:43 – The definition of a loan and types of loan arrangements3:18 – Recognition and measurement of loans7:40 – Classification and accounting for loans held for sale or held for investment 18:54 – Recording interest income on loans23:29 – An overview of loan impairmentsFor more information, see chapter 4 of our Loans and investments guide. Also, check out our other episode in this miniseries, Accounting for debt securities held by corporates. Additionally, follow this podcast on your favorite podcast app for more episodes.Chip Currie is a partner in PwC's National Office with nearly 30 years of experience assisting companies in resolving complex business and accounting issues. He concentrates on the accounting for financial instruments under both current and emerging standards and works with many of the firm's largest financial services clients and a number of non-financial services clients on treasury-related matters. Catherine 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.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.We kick off our miniseries on loans and investments with an episode on accounting for debt securities for corporate entities. We discuss key considerations applicable to corporates and share insights on some of the more complex areas.In this episode, we discuss:5:31 – Identifying the applicable accounting guidance13:24 – Instruments that qualify as cash equivalents  22:07 – Classification of debt securities and the accounting implications31:36 – Valuation of debt securities36:33 – Financial statement presentation considerationsFor more information, see chapter 3 of our Loans and investments guide. Additionally, follow this podcast on your favorite podcast app for more episodes.Bret Dooley is a Deputy Chief Accountant in PwC's National Office 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 matters.Christopher Gerdau is a partner in PwC's National Office specializing in accounting for financial instruments and banking-related topics. Chris also conducts technical reviews of SEC filings and provides technical support to PwC's practice offices. Chris's client service expertise includes the banking, capital markets, and insurance industries.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 episodeIn the second episode of our miniseries on the building blocks of greenhouse gas (GHG) emissions reporting, we discuss how to establish organizational boundaries. Host Heather Horn is joined again by Marcin Olewinski, an Assurance partner, and Kelsey Pizza, a senior manager in PwC's National Office, who illustrate the importance of including the correct entities, assets, and operations through real world examples.Different frameworks may prescribe different approaches while others provide some flexibility so it is key to understand your reporting requirements (as discussed in the first episode in this miniseries, Talking GHG: Reporting requirements for greenhouse gas emissions). We'll highlight different approaches and the impacts (sometimes more significant than one would expect) that an organizational boundary can have on reporting.This episode discusses:2:48 – What it means to establish organizational boundaries 4:33 – The three organizational boundary approaches outlined by the GHG Protocol 13:48 – Practical examples of organizational boundary scenarios 34:23 – Factors to consider when applying an organizational boundary approach 37:23 – When to change organizational boundary approaches 39:38 – Advice for companies in process of establishing organizational boundariesFor more information on GHG emissions reporting, including the five-step process outlined in today's episode, check out Chapter 7: Greenhouse gas emissions reporting in PwC's global Sustainability reporting guide. Marcin Olewinski is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG. Kelsey Pizza is a senior manager in PwC's National Office. She provides advice on technical accounting issues and monitors developments in financial reporting and standard setting. Kelsey helps develop PwC thought leadership, with a particular focus on sustainability reporting, clean and renewable energy accounting matters, and other topics affecting the utilities & sustainable energy sector. 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.  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 episodeWe continue our miniseries on foreign currency accounting with an episode on foreign currency remeasurement and translation. Foreign currency measurement is the process by which an entity expresses transactions whose terms are denominated in a foreign currency in its functional currency. Foreign currency translation is the process of expressing a foreign entity's functional currency financial statements in the reporting currency. In this episode, we discuss: 03:09 – An overview of the accounting for foreign currency remeasurement and translation05:56 – Measurement of foreign currency transactions09:56 – Exchange rate considerations22:26 – Translating financial statement of foreign entities 29:00 – Releasing cumulative translation adjustments (CTA)For more information see chapters 4 and 5 of our Foreign currency guide. Also, check out our other episode in this miniseries, Foreign currency accounting – Determining functional currency. Additionally, follow this podcast on your favorite podcast app for more episodes. John Horan is a managing director in PwC's National Office where he assists clients with complex accounting issues in the areas of foreign currency, liabilities and equity, earnings per share, and derivatives and hedging. John specializes in large capital transactions and initial public offerings.Ross Drucker is a partner in PwC's National Office where he assists clients with financial instrument accounting, including derivatives and hedging transactions, foreign currency, and structured capital markets transactions. He recently returned to PwC following two years working at the SEC in the Office of the Chief Accountant, focusing on financial instrument transactions as well as cryptocurrency.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 week we introduce a miniseries on the building blocks of greenhouse gas (GHG) emissions reporting. To kick off the miniseries, host Heather Horn is joined by Marcin Olewinski, an Assurance partner, and Kelsey Pizza, a senior manager in PwC's National Office, to give an overview of the process and zero in on the first step, understanding reporting requirements. They highlight the GHG Protocol's foundational role and its similarities and differences with other standards.In this episode, they discuss:02:22 – Background on the building blocks of GHG emissions reporting04:30 – The history of the GHG Protocol and how it's used today19:16 – How the GHG Protocol interacts with other frameworks, including the European Sustainability Reporting Standards and IFRS® Sustainability Disclosure Standards 31:08 – Advice for companies for understanding GHG reporting requirements and interoperabilityFor more information on GHG emissions reporting, including the five-step process outlined in today's episode, check out Chapter 7: Greenhouse gas emissions reporting in PwC's global Sustainability reporting guide.Marcin Olewinski is a PwC Assurance practice partner, with over 20 years of experience bringing valued perspectives and insights to large clients in the energy sector. Additionally, he's focused extensively within PwC's National Office on greenhouse gas emissions and sustainability reporting and leads PwC's global technical working group focused on GHG.Kelsey Pizza is a senior manager in PwC's National Office. She provides advice on technical accounting issues and monitors developments in financial reporting and standard setting. Kelsey helps develop PwC thought leadership, with a particular focus on sustainability reporting, clean and renewable energy accounting matters, and other topics affecting the utilities & sustainable energy sector.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 episodeWe kick off our miniseries on foreign currency accounting with an episode on determining functional currency, which is the currency of the primary economic environment in which a distinct and separable operation operates.In this episode, we discuss:03:52 – Identifying distinct and separable operations19:01 – Determining functional currency25:45 – Common pitfalls in evaluating functional currency 37:37 – Changes in functional currency40:19 – Highly inflationary economiesFor more information, see chapter 3 of our Foreign currency guide. Additionally, follow this podcast on your favorite podcast app for more episodes.Bret Dooley is a Deputy Chief Accountant in PwC's National Office 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 matters.John Horan is a managing director in PwC's National Office where he assists clients with complex accounting issues in the areas of foreign currency, liabilities and equity, earnings per share, and derivatives and hedging. John specializes in large capital transactions and initial public offerings.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. 

Text us your thoughts on this episodeWe continue our miniseries on stock-based compensation awards with a focus on 5 important things for private companies to know. This is an area for which the accounting tends to be more complicated for nonpublic companies. In this episode, we discuss:3:12 – Measurement of liability-classified awards5:59 – Secondary market transactions16:39 – Profit sharing arrangements22:44 – Equity restructurings31:25 – Recourse and nonrecourse loansFor more information, see chapter 6 of our Stock-based compensation guide. Also, check out our other episode in this miniseries, Stock-based compensation - 5 things to know about modifications. Additionally, follow this podcast on your favorite podcast app for more episodes.Ken Stoler is a partner in PwC's National Office who specializes in financial reporting and plan design issues related to equity compensation arrangements, retirement and healthcare plans, and other benefits. He has helped companies navigate their employee compensation issues during IPOs, spin offs, acquisitions, and other major transactions or events.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 episodeWe kick off our miniseries on stock-based compensation with a focus on 5 important things to know when accounting for modifications to stock-based compensation awards.In this episode, we discuss:2:40 – How to determine whether a change in terms or conditions should be accounted for as a modification5:00 – The stock-based compensation modification framework8:29 – Four types of modifications related to vesting conditions18:39 – Modifications that change classification22:15 – Modifications of performance conditionsFor more information, see chapter 4 of our Stock-based compensation guide. Additionally, follow this podcast on your favorite podcast app for more episodes.Ken Stoler is a partner in PwC's National Office who specializes in financial reporting and plan design issues related to equity compensation arrangements, retirement and healthcare plans, and other benefits. He has helped companies navigate their employee compensation issues during IPOs, spin offs, acquisitions, and other major transactions or events.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 episodeWe continue our miniseries on software costs. They are accounted for using two different models depending on whether the software is used internally or externally. In this episode, we discuss the internal-use model applicable to software developed or obtained to meet the reporting entities' internal needs.In this episode, we discuss:3:24 – The scope of internal-use software10:29 – The three stages of software development14:07 – Cloud computing arrangements17:50 – Practical challenges in applying this model25:05 – An overview and update on the FASB's current software costs projectFor more information, see chapter 3 of our Software costs guide. Also, check out our other episode in this miniseries, Accounting for the cost of externally marketed software. Additionally, follow this podcast on your favorite podcast app for more episodes.Mike Coleman is a partner in PwC's National Office who 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.Pat Durbin is a Deputy Chief Accountant 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 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.