AM Now EP 8.29.23: ASU 2023-05, SEC Updates on Private Fund Advisors & Safeguarding Customer Assets

Guess what? Embarkers Adam Olsen and Nicole Harger are back at it with this week’s goings-on in accounting and finance, including:The FASB’s recent Accounting Standards Update 2023-05 aimed at enhancing transparency and consistency in financial reporting for joint ventures.New SEC rules and amendments under the Advisers Act designed to provide better safeguards for investors and ensure greater transparency in the private fund sector.The SEC’s announcement on reopening the comment period for its "Safeguarding Advisory Client Assets" proposal.For more information on these and related topics:FASB: ASU 2023-05, Business Combinations–Joint Venture FormationsSEC Enhances the Regulation of Private Fund AdvisersSEC: Safeguarding Advisory Client Assets; Reopening of Comment PeriodConnect with Embark on: LinkedInInstagramTwitterFacebookYouTubeListen to AM Now on Apple Podcasts, Google Play, and Spotify.