AM Now EP 10.10.23: FASB Updates, CA SB 253 & 261, the UK’s New Sustainability Reporting Framework

<p>Don’t fear, friends…Embarkers Adam Olsen and Matt Fisser are back with what’s going on in accounting and finance this week, including:</p><p><br></p><ul> <li>ASU 2023-06, the FASB’s response to the SEC’s Disclosure Update and Simplification Initiative.</li> <li>The FASB’s Oct 4 meeting focused on two key items: Codification improvements and EITF Issue No. 23-A, “Induced Conversions of Convertible Debt Instruments.”</li> <li>California’s forward-looking, trend-setting climate reporting bills, SB 253 and SB 261.</li> <li>The final edition of the UK’s Transition Plan Taskforce (TPT) Disclosure Framework, aimed at establishing a top-tier standard for companies to develop and report their climate transition plans.</li> </ul><p><br></p><p>For more information on these and related topics:</p><p><br></p><p><a href="https://www.fasb.org/Page/ShowPdf?path=ASU+2023-06.pdf&amp;title=ACCOUNTING+STANDARDS+UPDATE+2023-06%E2%80%94Disclosure+Improvements%3A+Codification+Amendments+in+Response+to+the+SEC%E2%80%99s+Disclosure+Update+and+Simplification+Initiative&amp;acceptedDisclaimer=true&amp;IsIOS=true&amp;Submit="><em>ASU 2023-06: Disclosure Requirements</em></a></p><p><a href="https://www.fasb.org/Page/ShowPdf?path=BMHO20231004.pdf&amp;title=October%204,%202023%20FASB%20Board%20Meeting%20Handout"><em>FASB October 4 Meeting Handout</em></a></p><p><a href="https://blog.embarkwithus.com/sb-253"><em>SB 253 and SB 261: A Look at California's Landmark Climate Reporting Bills</em></a></p><p><a href="https://www.fca.org.uk/news/news-stories/fca-welcomes-launch-transition-plan-taskforce-disclosure-framework"><em>FCA welcomes the launch of the Transition Plan Taskforce Disclosure Framework</em></a></p><p><br></p><p>Connect with <a href="https://www.embarkwithus.com/">Embark</a> on: </p><ul> <li><a href="https://hubs.ly/H0XgZnG0">LinkedIn</a></li> <li><a href="https://hubs.ly/H0XgYNZ0">Instagram</a></li> <li><a href="https://hubs.ly/H0Xg-dz0">Twitter</a></li> <li><a href="https://hubs.ly/H0XgZR70">Facebook</a></li> <li><a href