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
Regulatory matters
Securities and Exchange Commission (SEC)
Standard Setter updates
Financial Accounting Standards Board (FASB)
American Institute of CPAs (AICPA)
Private companies should consider draft updates to AICPA guide when valuing equity securities issued as compensation
Private companies should consider the draft updated guidance in the AICPA's Accounting and Valuation Guide, Valuation of Privately-Held-Company Equity Securities Issued as Compensation, when valuing equity securities issued as compensation.
The AICPA’s Financial Reporting Executive Committee has released for comment drafts of two updated chapters from its guide. While the guide is not authoritative, the revisions to chapter 8, Inferring Value from Transactions in a Private Company’s Securities, and chapter 9, Selected Accounting and Disclosure Matters, reflect what the AICPA’s Equity Securities Task Force views as best practices. Comments are due by 20 September 2024. Additional updates to the guide will be released in the future.
Upcoming webcasts
Information regarding upcoming events can be found on the EY webcasts site.