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

<p>Guess what? Embarkers Adam Olsen and Nicole Harger are back at it with this week’s goings-on in accounting and finance, including:</p><p><br></p><ul> <li>The FASB’s recent Accounting Standards Update 2023-05 aimed at enhancing transparency and consistency in financial reporting for joint ventures.</li> <li>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.</li> <li>The SEC’s announcement on reopening the comment period for its "Safeguarding Advisory Client Assets" proposal.</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+2023-05.pdf&amp;title=ACCOUNTING+STANDARDS+UPDATE+2023-05%E2%80%94Business+Combinations%E2%80%94Joint+Venture+Formations+%28Subtopic+805-60%29%3A+Recognition+and+Initial+Measurement&amp;acceptedDisclaimer=true&amp;IsIOS=true&amp;Submit="><em>FASB: ASU 2023-05, Business Combinations–Joint Venture Formations</em></a></p><p><a href="https://www.sec.gov/news/press-release/2023-155#"><em>SEC Enhances the Regulation of Private Fund Advisers</em></a></p><p><a href="https://www.sec.gov/files/rules/proposed/2023/ia-6384.pdf"><em>SEC: Safeguarding Advisory Client Assets; Reopening of Comment Period</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="https://www.youtube.com/channel/UCoTAyu49B82Fv8NrjINDtRw">YouTube</a></li> </ul><p><br></p><p>Listen to AM Now on Apple Podcasts, Google Play, and Spotify.</p>