In this section, we provide brief updates from the previous quarter on regulatory developments in auditing and accounting that may impact Japanese companies in the United States. Further discussion of the issues can be found in KPMG's Department of Professional Practice's Defining Issues.
KPMG explains the regulator’s expectations of banks subsequent to the adoption of the credit losses standard.
Defining Issues 19-20 (PDF)
KPMG reports on the SEC's new rule that permits all companies to communicate with potential investors before an offering.
Defining Issues 19-19 (PDF)
The new and amended standards strengthen the requirements for auditing management's accounting estimates and the auditor’s use of the work of specialists, including company specialists.
Defining Issues 19-18 (PDF)
KPMG reports that the FASB tentatively decided to defer the effective dates for several major accounting standards.
Defining Issues 19-17 (PDF)
KPMG reports on new PCAOB guidance for communications with audit committees. The guidance applies when an auditor has identified a violation of the independence rules.
Defining Issues 19-16 (PDF)
The SEC’s amendments refocus the analysis on debtor-creditor relationships that pose a threat to auditor independence.
Defining Issues 19-15 (PDF)
For more information, please contact:
Michael Maekawa | +1 213-955-8331 | email@example.com
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.