Sep 12, 2011
From the Financial Reporting View
KPMG’s Americas’ Financial Services Regulatory Center of Excellence recently released a white paper, The Dodd-Frank Act: Could there be Accounting Consequences?, which analyzes some of the key aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act that affect accounting and reporting for companies. The Dodd-Frank Act contains numerous provisions intended to strengthen corporate accountability that will affect all U.S. public and many private companies. The provisions of the Act that are of immediate concern include:
- Asset-Backed Securities;
- Required Disclosures Related to Executive Compensation;
- Compensation Clawback Requirements under Certain Conditions; and
- OTC Derivatives Disclosures.