A chemical manufacturer settled SEC charges for making materially misleading statements to investors and the public regarding the company's debt reduction efforts.
A Canadian cannabis company settled SEC charges for filing financial statements with the SEC containing material accounting errors, and failing to maintain adequate internal accounting controls.
A bank holding company settled SEC charges for (i) failure to maintain accurate records regarding commercial real estate security valuations, (ii) failure to incorporate all available market data into its valuations, (iii) issuing material misstatements relating to its valuations and (iv) related supervisory failures.
In a paper exploring the accounting implications of investments in digital assets, ISDA described challenges in accounting and reporting for digital assets under U.S. GAAP.
The Financial Accounting Standards Board published three proposed Taxonomy Implementation Guides relating to accounting changes, reorganizations and reinsurance-related disclosures.