FTC & Non-Competes, FASB Update, BF Borgers, New ISSB Projects & More


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May 16 2024 8 mins   1

AM Now hosts Adam Olsen and Nicole Harger are back in the saddle, delivering this week’s most important accounting and finance stories, including:


  • The FTC’s recent ruling essentially banning the use of non-compete agreements in nearly all instances
  • The FASB discussion on disaggregating income statement expenses, its ASC 606 post-implementation review, and feedback on financial statement measurement
  • IFRS 19—another new accounting standard from the IASB
  • The SEC’s action against audit firm BF Borgers for deliberately and systematically failing to meet PCAOB audit and review standards
  • Two new research projects added to the ISSB’s list of priorities


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For more on this week’s topics:

FTC Announces Rule Banning Noncompetes

FASB: Tentative Board Decisions 05-08-24

ISSB Explores Developing New Disclosure Standards for Biodiversity, Human Capital

IASB simplifies financial reporting for eligible subsidiary companies with new IFRS Accounting Standard

SEC: Staff Statement on Issuer Disclosure and Reporting Obligations in Light of Rule 102(e) Order against BF Borgers CPA PC

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