Accounting Matters

Guess what? Embarkers Adam Olsen and Nicole Harger are back at it with this week’s goings-on in accounting and finance, including:

  • The FASB’s recent Accounting Standards Update 2023-05 aimed at enhancing transparency and consistency in financial reporting for joint ventures.
  • New SEC rules and amendments under the Advisers Act designed to provide better safeguards for investors and ensure greater transparency in the private fund sector.
  • The SEC’s announcement on reopening the comment period for its "Safeguarding Advisory Client Assets" proposal.

For more information on these and related topics:

FASB: ASU 2023-05, Business Combinations–Joint Venture Formations
SEC Enhances the Regulation of Private Fund Advisers
SEC: Safeguarding Advisory Client Assets; Reopening of Comment Period

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What is Accounting Matters?

Accounting Matters lives up to its title, covering vital accounting topics that actually matter to professionals in the accounting trenches. We start with a new topic and definition every episode, then highlight and discuss the key areas, from evaluation to reporting. Accounting Matters is hosted by public accounting veterans Adam Olsen & Nicole Harger from advisory firm Embark.

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