Weekly Summary of Accounting, SEC and Auditing Developments: August 7-11, 2023
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AUIDTING AND INTERNAL CONTROL HEADLINES:
Checklist – New Edition of Summary Checklist of Recent Authoritative U.S. Accounting Standards Published
We have published a new edition of the Summary Checklist of Recent Authoritative U.S. Accounting Standards. This new edition reflects the issuance of Accounting Standards Update (ASU) No. No. 2023-04, Liabilities (Topic 405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 121. This ASU amends and adds various SEC paragraphs pursuant to the issuance of SEC Staff Accounting Bulletin (SAB) No. 121. SAB No. 121 expresses the views of the staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for platform users.
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