Message from John Epperson, Managing Principal, Financial Services
Dear FIEB readers,
As we close out the third quarter of 2022, inflation and a possible recession continue to take center stage across the financial reporting ecosystem. Both present unique risks we have not experienced in some time.
This month, we summarize key messages from the 2022 AICPA banking conference. Not surprisingly, environmental, social, and governance (ESG) issues and digital assets remained hot discussion topics along with current expected credit losses and technology. ESG and digital assets also weave their way throughout our update as the federal financial institution regulators and the Securities and Exchange Commission (SEC) continue to focus on these key topics. One other interesting development from the SEC: It reopened the comment period on a number of releases, including the climate-related disclosure proposal, due to a technological glitch that affected the SEC’s ability to receive certain submitted comments.
Looking forward, I invite our readers to join our 2022 Crowe Financial Services Conferences. We will cover the latest accounting and financial reporting changes, income tax developments and planning strategies, and critical economic and technology trends – information that can help you manage risk in this time of continual change. Registration is now available for various in-person locations or a virtual experience, all including CPE credit. Additionally, we invite you to several CPE-eligible webinars we are hosting this month, including a session on banking cannabis-related businesses as well as a session on navigating emerging regulatory and risk management issues.