Current Developments: US - Q3 2016 | KPMG | CA

Current Developments: US - Q3 2016

Current Developments: US - Q3 2016

In the third quarter, the SEC staff and others continued to focus on non-GAAP financial measures.

1000

Canadian Managing Partner, Audit

KPMG in Canada

Contact

Related content

Current Developments

In the third quarter, the SEC staff and others continued to focus on non-GAAP financial measures. The SEC made several proposals, including a proposal to remove from the SEC rules certain disclosure requirements that it feels are redundant with those required by US GAAP.

While the FASB shifted its focus away from the major revenue recognition, leases, and financial instruments standards during the quarter, the focus for financial statement preparers should be on implementing those standards. The FASB’s standard-setting efforts shifted to foundational issues, such as the statement of cash flows and the disclosure framework.

Our publication summarizes these and other accounting and financial reporting developments that potentially affect you in the current period or near term.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.