The CFGI Team has thoroughly enjoyed the 2023 AICPA Conference on Current SEC and PCAOB Developments! We look forward to being able to share all of the insights with our current and future clients. Some of these insights will be driven by key themes from Day 3, which included the following:
- Trending accounting issues for Business Combinations, including the determination of the accounting acquirer and the resulting accounting implications based on the various fact patterns.
- How the current macroeconomic conditions may impact financial reporting, especially as it relates to how refinancing or repayment may impact a company’s liquidity and the disclosures that follow.
- Ways preparers can utilize artificial intelligence to transform day-to-day operations as AI continues to evolve and become more prevalent.