FASB’s Proposed Updates to GAAP Financial Reporting Taxonomy related to ASU on Crypto Assets

FASB’s Proposed Updates to GAAP Financial Reporting Taxonomy related to ASU on Crypto Assets

On March 23, 2023, The Financial Accounting Standards Board (“FASB”) issued proposed updates to the U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy related to a Proposed Accounting Standards Update (“ASU”) on Intangibles—Goodwill and Other—Crypto Assets. (1) The proposed updates would create Subtopic 350-60 of U.S. GAAP, and it…
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SPACs – Proposed New Rules by the SEC

SPACs – Proposed New Rules by the SEC

The SEC recently proposed new rules and amendments intended to enhance investor protections in initial public offerings by special purpose acquisition companies (“SPACs”) and in subsequent business combination transactions between SPACs and private operating companies. If adopted, the rules would impact SPACs in a variety of important ways. Below we…
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