Nareit’s recent webinar, Financial Standards Update, focused on congressional and legislative developments in Washington, D.C., in addition to key developments at the Financial Accounting Standards Board (FASB), the Public Company Accounting Oversight Board (PCAOB), and the Securities and Exchange Commission (SEC).
Chris Drula, senior vice president of financial standards at Nareit, moderated the webinar, which featured Nareit Executive Vice President, Policy & Public Affairs & General Counsel Cathy Barré, KPMG Department of Professional Practice Partner Timothy Brown, and Deloitte Audit & Assurance Partner Pat Scheibel.
Barré began the webinar with an overview of events in Washington, D.C., including key items in the One Big Beautiful Bill Act and an outline of key events for the fourth quarter and beyond.
Deloitte’s Scheibel provided an overview of the FASB technical agenda, noting that recently issued rules and proposed standards share the common themes of: simplification and reduction of complexity, requirements for further transparency and disaggregation of income statement disclosures, and alignment of accounting standards with economic outcomes.
Meanwhile, KPMG’s Brown provided an update on SEC leadership and its goals and priorities of facilitating innovation, reducing regulatory burdens, and increasing stakeholder engagement.
This educational webinar was open to Nareit members, who were able to earn 1.5 hours of CPE credit.