March 26, 2020

SEC and FASB Developments


During this session, partner Anna Pinedo and Jake Tyshow (Ernst & Young) will discuss the learnings from SEC comments relating to the implementation of the revenue recognition and lease accounting standards. We also will discuss trends relating to critical audit matters, or CAMs. Looking ahead, we will discuss the CECL standard and accounting issues to consider as a result of the phase-out of LIBOR. In addition, we will discuss SEC guidance relating to key performance indicators, or KPIs, and the continued focus on the use of non-GAAP financial measures, as well as the SEC’s proposed amendments to MD&A. Specific topics that will be covered in this webcast include:

  • Comment letter trends relating to the revenue recognition and lease accounting standards;
  • CAMs;
  • CECL implementation;
  • LIBOR phase-out and accounting and disclosure considerations;
  • KPI guidance;
  • Financial disclosures about guarantors and issuers of guaranteed securities; and
  • Proposed amendments to MD&A.

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