AM Now 6.14.23: FASB Adds to the Conceptual Framework, New SEC Rulemaking, PCAOB Proposed Standards, and ISSB & CSRD Updates

In this episode of AM Now, your hosts Adam Olsen and Nicole Harger dive deep into this week’s accounting news, including:

The FASB describes a reporting entity in the recently released Chapter 2 of the Conceptual Framework.The SEC adopting three rules, two relating to the securities-based swaps markets and another removing and replacing references to credit ratings from existing exceptions in Rule 101 and Rule 102 of Regulation MThe PCAOB issuing a proposal to increase auditor vigilance against fraud and other forms of noncompliance with laws and regulationsThe new Forum ISSB Preparers Group and the European Commission publishing the draft of the first set of ESRS

For more information on these and related topics:

FASB Issues New Chapter of its Conceptual Framework: The Reporting Entity

SEC Adopts Rules to Prevent Fraud in Connection with Security-Based Swaps Transactions and Prevent Undue Influence over CCOs

SEC Adopts Amendments to Remove References to Credit Ratings From Regulation M

World Economic Forum and ISSB Partner to Compile Learnings on Early Sustainability Reporting Efforts

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