Fourth Quarter Accounting and Financial Reporting Developments

1/11/2019

During the fourth quarter of 2018, the Financial Accounting Standards Board issued several new standards on topics including lease accounting for lessors, clarifications to the accounting for credit losses under the current expected credit loss model, and the addition of a benchmark interest rate for hedge accounting purposes. It also proposed guidance for the entertainment film industry, financial instruments, and clarifications for lessors that are financial institutions. 

In addition to these highlights from the quarter, this article covers Securities and Exchange Commission (SEC) participation in the annual American Institute of CPAs Conference on Current SEC and Public Company Accounting Oversight Board (PCAOB) Developments, the PCAOB five-year plan, updates from the Governmental Accounting Standards Board and the Center for Audit Quality, and more.

To see archived quarterly accounting and financial reporting development updates, please visit our quarterly reports page.

Fourth Quarter Accounting and Financial Reporting Developments
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