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    1 November 2017

    Trends in US IPO registration statements
    Initial public offering (IPO) activity in the US rebounded in 2017 from 2016’s slow pace, and the outlook for IPOs is strong. Our publication analyzes recent US IPO activity and discusses trends in US IPO registration statements and common IPO accounting and reporting pitfalls. The publication also discusses the SEC staff’s recently expanded nonpublic review program and how emerging growth companies are using the various accommodations available to them under the Jumpstart Our Business Startups Act of 2012. It also highlights the most common accounting areas for restatements of financial statements during the IPO process and trends in the voluntary disclosure of material weaknesses in IPO registration statements.

    9 October 2017

    Quarterly tax developments - September 2017
    Our September 2017 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes certain enacted tax legislation, as well as regulatory developments, legislative proposals and other items, through 28 September 2017 to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    5 October 2017

    Eyes on US tax reform: A guide to income tax accounting considerations
    Our publication provides tax accounting considerations and references to EY interpretive guidance to help companies prepare for changes in accounting that could result from US tax reform. The tax plan now under consideration by Congress would reduce the corporate income tax rate to 20%, allow immediate capital expensing, broaden the tax base and create a territorial tax system with a one-time mandatory tax on previously deferred foreign earnings. While ASC 740, Income Taxes, requires changes in tax law to be accounted for in the period of enactment (i.e., when the President signs legislation), companies need to understand the tax proposals under consideration so they can evaluate and prepare for changes in their financial reporting.

    28 June 2017

    Quarterly tax developments - June 2017
    Our June 2017 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes certain enacted tax legislation, as well as regulatory developments, legislative proposals and other items, through 15 June 2017 to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    30 March 2017

    Quarterly tax developments - March 2017
    Our March 2017 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes certain enacted tax legislation, as well as regulatory developments, legislative proposals and other items, through 15 March 2017 to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    8 March 2017

    United States Department of Commerce introduces new rule
    The publication discusses how to comply with a new requirement that organizations that use or request access to the Social Security Administration’s Limited Access Death Master File (DMF) submit a written third-party attestation report at least every three years stating that they have designed and implemented controls to safeguard the file. More than 550 organizations currently use the DMF, which lists names, social security numbers and dates of birth and death for US citizens who have died, to validate certain financial transactions. Reports on examinations conducted under the attestation standards of the American Institute of Certified Public Accountants can be used to comply with the rule, which was issued by the US Department of Commerce National Technical Information Service last year.

    7 February 2017

    Master limited partnership accounting and reporting guide – February 2017
    Our Master limited partnership accounting and reporting guide, which is designed to help readers understand common accounting and reporting issues associated with the formation and operation of a master limited partnership, has been updated.

    25 January 2017

    Accounting for digitally distributed cost content – Media & Entertainment
    Digital is transforming every facet of business for media and entertainment (M&E) companies. The rise of social media, widespread broadband availability, faster internet connections and the popularity of smartphones and tablets have changed the demands and expectations of media audiences and created an astounding variety of new digital products and services. As traditional distribution mediums continue to evolve, questions have arisen as to how digital download and streaming service providers should account for the licensing and production of movies and television shows. This publication describes considerations under US GAAP for how entities should apply the M&E industry-specific accounting guidance that has historically been applied by traditional broadcasters and producers of films or television shows to digitally distributed content.

    21 December 2016

    Quarterly tax developments - December 2016
    Our December 2016 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted tax legislation, as well as regulatory developments, legislative proposals and other items, through 15 December 2016 to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    15 November 2016

    Transition Resource Group for Revenue Recognition items of general agreement
    We have updated our summary of issues on which members of the TRG generally agreed to include the November 2016 FASB TRG meeting. While the TRG members’ views are non-authoritative, entities should consider them as they implement the new standards. For more information about these issues and issues the TRG discussed but did not reach general agreement on, see our To the Point publications on TRG meetings on EY AccountingLink.

    10 November 2016

    Update on emerging growth companies and the JOBS Act
    Emerging growth companies (EGCs) now dominate the initial public offering (IPO) market, accounting for 87% of IPOs that have gone effective since the JOBS Act was enacted in April 2012. Almost all EGCs have used a variety of the accommodations provided by the JOBS Act, including submitting registration statements confidentially, streamlining their executive compensation disclosures and providing audited financial statements for two years rather than three years. This publication provides an update on the IPO market trends in the US and analyzes how EGCs are using the relief available to them.

    27 October 2016

    Technical Line - New OMB A-123 requires federal agencies to integrate enterprise risk management and internal controls
    Federal agencies are required to integrate enterprise risk management (ERM) and internal controls into their business activities under the updated Circular No. A-123 recently issued by the Office of Management and Budget. The Circular emphasizes the importance of coordinating ERM activities with the strategic planning and review process. Agency management is expected to engage in the ERM process and form an integrated governance structure to address the risks in an increasingly complex environment of uncertain budgets, expanded mandates and increased transparency requirements.

    20 October 2016

    US GAAP/IFRS accounting differences identifier tool
    We have updated our US GAAP/IFRS accounting differences identifier tool, which was developed to help entities that are converting from US GAAP to IFRS or that are evaluating the effects of IFRS adoption. This release generally reflects guidance effective in 2016 and guidance finalized by the FASB and the IASB as of 31 May 2016. It also discusses current standard-setting activities at the FASB and the IASB.

    28 September 2016

    Quarterly tax developments - September 2016
    Our September 2016 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, as well as regulatory developments, legislative proposals and other items, through 9 September 2016 (except as noted) to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    4 August 2016

    Best practices when going through the IPO registration process
    Our publication provides insights for companies pursuing an initial public offering (IPO) and discusses common pitfalls and SEC staff focus areas that could create delays. The publication also includes a calendar to help companies navigate the SEC’s rules on filing deadlines.

    29 June 2016

    Quarterly tax developments - June 2016
    Our June 2016 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, as well as regulatory developments, legislative proposals and other items, through 10 June 2016 (except as noted) to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    30 March 2016

    Quarterly tax developments - March 2016
    Our March 2016 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, as well as regulatory developments, legislative proposals and other items, through 15 March 2016 (except as noted) to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    26 February 2016

    Let’s talk: Practical matters - Leases make their way onto the balance sheet
    New US GAAP and IFRS standards will require lessees to recognize most leases on their balance sheets and make other changes to lease accounting. All companies with significant leasing activities should review the standards and begin thinking about the implications now. Starting early is the best way to avoid unwanted surprises and costly mistakes. This publication complements our recent To the Point on the FASB’s new standard and outlines what companies should consider as they move through the implementation period.

    22 December 2015

    Quarterly tax developments - December 2015
    Our December 2015 edition is designed to help you identify changes in tax law and other events when they occur so the accounting can be reflected in the appropriate period. This edition includes enacted and effective tax legislation, as well as legislative proposals and other items, through 10 December 2015 (except as noted) to consider as you prepare your income tax provision. We've also listed our tax and other publications that provide more detail on the topics we discuss.

    22 December 2015

    US GAAP/IFRS accounting differences identifier tool
    We have updated our US GAAP/IFRS accounting differences identifier tool, which was developed to help entities that are converting from US GAAP to IFRS or that are evaluating the effects of IFRS adoption. This release generally reflects guidance effective in 2015 and guidance finalized by the FASB and the IASB as of 31 May 2015. It also discusses current standard-setting activities at the FASB and the IASB.

    1 December 2015

    Our commitment to audit quality: Information for audit committees, investors and other stakeholders
    Our 2015 report for audit committees, investors and other stakeholders describes our efforts to innovate and drive continuous improvement in audit quality.