In this section, we provide brief updates on regulatory developments in auditing and accounting that may impact Japanese companies in the United States. Further discussion of the issues can be found in KPMG's Department of Professional Practice's Defining Issues.
Defining Issues 17-14 reports on the SEC's decision to allow most companies to confidentially file registration statements for nonpublic review. The decision means that many documents will not be available for public review until closer to the time that the securities offering occurs.
Go to Defining Issues 17-14 (PDF) >
Defining Issues 17-15 reports on ASU 2017-11, under which down round features will not cause certain instruments to be accounted for as derivatives. This means that fewer free-standing equity-linked instruments with down round features will be accounted for as liabilities and fewer features with down round features will be bifurcated from the host contract than under current accounting.
Go to Defining Issues 17-15 (PDF) >
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Michael Maekawa | +1 213-955-8331 | firstname.lastname@example.org
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