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US Week in Review: Week ending 25 January 2024

The US Week in Review highlights this week’s developments and emerging issues in the financial reporting world and gives you direct access to relevant technical accounting guidance and thought leadership produced by EY.

What’s new from EY

To the Point: SEC rules require new SPAC disclosures and clarify reporting requirements for shell companies

The SEC adopted new and amended rules requiring new disclosures when a special purpose acquisition company (SPAC) conducts an initial public offering (IPO) and when it combines with a private operating company in what is known as a de-SPAC transaction, among other related changes. The rules are intended to more closely align the disclosure requirements and legal obligations of parties involved in de-SPAC transactions with those in traditional IPOs.

National Association of Insurance Commissioners (NAIC) Fall 2023 Bulletin

Our publication summarizes developments in the statutory insurance accounting and regulatory framework from the activities of the NAIC at its 2023 Fall National Meeting and key issues addressed by NAIC groups since the 2023 Summer National Meeting.

Standard Setter updates

Financial Accounting Standards Board (FASB)

FASB to discuss Disaggregation: income statement expenses and Accounting for environmental credit programs at its 31 January meeting

Upcoming webcasts

Top priorities for boards in 2024
15 February 2024, 3 p.m. Eastern time

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