SEC2412. The Latest FinRec Activities and Initiatives

Mark Crowley, Financial Reporting Executive Committee (FinREC) chair, will discuss the latest FinREC activities, including:

• the forthcoming release of the Accounting & Valuation (A&V) guide, Business Combinations
• recently released working draft of two updated chapters on secondary transactions when valuing private company securities from the “Cheap Stock” A&V guide
• revisions to the Digital Assets practice aid
• revisions to a chapter from the Not-for-Profit Audit & Accounting Guide that was updated to address application of CECL to programmatic loans

In addition, Mark will discuss the activities of many industry expert panels and the resources available.

Learning Objectives:

• Recall the role of the Financial Reporting Executive Committee (FinREC) in improving financial reporting and practices through these activities.
• Recognize the resources available through FinREC’s initiatives.