Those of us who are parents already know what ‘significant influence’ is, and for those who don’t, we explain.

We discuss the EU Taxonomy Regulation as US companies prepare for their EU sustainability reporting obligations.

KPMG Department of Professional Practice partners Timothy Brown, Erin McCloskey and Samantha Demty join host John Barbagallo to discuss the 2023 AICPA & CIMA Conference on Current SEC and PCAOB Developments – with a focus on the top accounting and reporting issues addressed at the conference.

On December 19, 2023, the FASB issued a proposed Accounting Standards Update (ASU) that would provide additional guidance on whether induced conversion or extinguishment accounting should be applied to certain settlements of convertible debt instruments that do not occur in accordance with the instruments' preexisting terms.

Convertible debt instruments are complex and navigating the relevant accounting guidance is challenging – particularly when they are settled (i.e. converted).

The Pillar Two rules are going to continue to evolve long after they are initially implemented in 2024. These changes are going to put pressure on a number of important areas for multinationals, including legal entity and operational structures, IT systems and financial reporting processes, just to name a few. In this episode, Tony Burzinski, KPMG Accounting Advisory partner, and James Sanderson, KPMG Tax partner, join the show for the first ever Pillar Two draft! In the two-round draft, Tony and James take turns picking the most important long-term impacts of Pillar Two that companies should start capitalizing on today.

The Pillar Two rules are expected to have a significant impact on the income tax provision and external audit process once they go live in the first quarter of 2024. In this episode, KPMG Department of Professional Practice partner Matt Drucker, and Danielle Matthews, who is on rotation in the KPMG Department of Professional Practice, stop by to explain how to account for Pillar Two, discuss disclosures that may be required before the rules take effect, and highlight key areas that the external auditor is likely going to focus on, including what they may be asking for. We close the episode by asking Matt and Danielle to put on their coaching hats and provide some practical tips on what companies can do now to facilitate a successful financial reporting and external audit process.

The Pillar Two rules will go into effect at the beginning of 2024 and time is quickly running out for multinationals to determine the impact. One of the most challenging and time-consuming aspects of Pillar Two is the calculation of the Globe Effective Tax Rate. In this episode, KPMG Department of Professional Practice partner Nick Tricarichi is joined by Quyen Huynh, KPMG Washington National Tax principal, to break down the calculation of the Globe ETR into simple terms. We explain why it’s so challenging, provide examples of major adjustments that need to be made to the financial statements, and dive into how companies are attempting to close the extensive data gap. Lastly, we close the episode by asking Quyen to put on her coaching hat and provide some practical tips on what companies can do now to make this process more manageable.

The Pillar Two rules will go into effect at the beginning of 2024 and time is quickly running out for multinationals to determine the impact. The good news is that there is a transitional safe harbor available that can significantly reduce the time and effort required to comply with Pillar Two. In this episode, KPMG Department of Professional Practice partner Nick Tricarichi is joined by Marissa Rensen, KPMG Washington National Tax managing director, for an engaging conversation about this transitional safe harbor. We tell you how to qualify for the safe harbor and highlight areas that could potentially cause miscalculations. We close the episode by asking Marissa to put on her coaching hat and provide some practical tips on what companies should be doing now to take advantage of the safe harbor.

The Pillar Two rules will go into effect at the beginning of 2024 and time is quickly running out for multinationals to determine the impact. In this episode, KPMG Department of Professional Practice partner Nick Tricarichi is joined by Marcus Heyland, KPMG Washington National Tax principal, for an engaging conversation about the new tax regime. We discuss how it works, which countries are planning on implementing in Q1, where the US stands in all of this, and who within your organization needs to be on the project team. Lastly, we close the episode by asking Marcus to put on his coaching hat and provide some practical tips on what companies should be doing now to set themselves up for success.

Members of the ESG team in the KPMG Department of Professional Practice discuss the latest developments in ESG reporting – including two California climate disclosure laws that were recently signed into law and proposed amendments to the EU’s Corporate Sustainability Reporting Directive.

Members of the KPMG Department of Professional Practice discuss the latest FASB amendment requiring a joint venture to recognize and initially measure its assets and liabilities using a new basis of accounting upon formation.

We explain how owning preferred stock is like having status with your favorite airline. Have an accounting topic or analogy idea you'd like us to cover? E-mail ntricarichi@KPMG.com with your ideas!

We discuss the key requirements and potential impacts of the SEC's cybersecurity and compensation clawback rules.

Listen to ESG reporting developments and expectations – the SEC, ISSB and EU; plus the latest from California.

KPMG professionals discuss proposed income statement disaggregation disclosure requirements.

Listen to ESG reporting developments and expectations - with a focus on IFRS Sustainability Disclosure Standards.

KPMG hosts SEC Chief Accountant Paul Munter to discuss priorities and changes in a rapidly transforming world.

Listen to ESG reporting developments and expectations – with a focus on European Sustainability Reporting Standards.

Listen to an overview of how GHG emissions are classified, tracked and reported under the GHG Protocol.

Listen to ESG reporting developments and expectations – from the SEC and the ISSB, and under the EU's CSRD.

KPMG professionals discuss recent changes to ASC 842 for common control arrangements and related leasehold improvements.

We discuss trending topics: R&D, power purchase agreements, executive compensation and carbon credits.

The latest ESG reporting developments and expectations: SEC, California, EU, CDP, and interoperability.

We provide an overview of the Pillar Two GloBE rules and accounting for the new top-up tax.

The next episode in our series on the new IRA and CHIPS legislation covers accounting under IFRS Accounting Standards.

We discuss ASU 2022-02, which eliminates TDR guidance and requires enhanced disclosures for creditors.

We share financial reporting highlights from the 2022 AICPA and CIMA conference.

To inform your 2022 year-end reporting, we share the top takeaways from the 2022 AICPA & CIMA Conference.

We discuss our top themes, including SEC scrutiny, regulation, controls, investments, and getting started.

We discuss the FASB's ASU 2021-10 and their Invitation to Comment on the potential incorporation of IAS 20, Accounting for Government Grants, into US GAAP.

The latest installment in our series on the new IRA and CHIPS legislation covers accounting for transferable credits.

We provide an overview of the accounting for research and development (R&D) costs and R&D funding arrangements.

We discuss the FASB's proposal to amend segment reporting disclosures.

KPMG leaders explain why accounting for transferable tax credits is like going to an all you can eat buffet…of accounting policy elections! Have suggestions on topics you want us to analogize? Email ntricarichi@kpmg.com

We discuss the FASB's proposal to amend segment reporting disclosures.

Listen now to understand how a US company could be in scope of the Corporate Sustainability Reporting Directive.

The next installment on new IRA and CHIPS legislation covers accounting for the new corporate alternative minimum tax.

This fourth installment in our series on the new IRA and CHIPS legislation covers accounting for the new excise tax.

Tune in to a new KPMG IMPACT podcast that focuses on key considerations, risks and remediations on your path to ESG assurance.

Key highlights of the SEC's recent cybersecurity rule proposal and potential impacts to registrants.

In this KPMG IMPACT podcast, Breanne Anderson, Audit Managing Director speaks with Maura Hodge, ESG IMPACT Audit leader to demystify ESG assurance.

In an FRV podcast and companion survey, we explore themes emerging from comment letters to the SEC.

Tune in and explore the potential effects of reference rate reform with a focus on available accounting relief.

As the SEC moves toward final rulemaking on climate disclosures, we discuss what companies can be doing now.

We discuss the FASB's ASU 2024-01 on the scope of ASC 718 for profits interests awards.

With enactment of IRA & CHIPS, new accounting questions arise. Our first podcast in a series summarizes what’s coming.

Ashby Corum, KPMG Washington National Tax partner, and Angie Storm, KPMG Department of Professional Practice partner, join host John Barbagallo in another installment of our podcast series on the accounting implications of the recently enacted IRA and CHIPS legislation – with a focus on nonrefundable and bonus tax credits.

This third installment in our series on the new IRA and CHIPS legislation covers accounting for refundable credits.

We discuss ASU 2022-03, which clarifies that contractual sale restrictions are not considered in fair value measurements.