FASB moves on fair value, plus the talent gap

Also: FTC opens a new clarification path for finance teams.

PCAOB QC 1000: firm quality control system standard, amended August 2026

PCAOB trimmed QC 1000 after firm pushback - retention period drops to five years and some roles open to non-firm personnel - but Dec. 15 holds.

FASB ASU: investment companies must factor contractual sale restrictions into fair value

FASB finalized the rule requiring investment companies to discount restricted equity in fair value - effective for annual periods beginning after Dec. 15, 2027.

FASB moves on fair value, plus the talent gap

Also: FTC opens a new clarification path for finance teams.

PCAOB QC 1000: firm quality control system standard, amended August 2026

PCAOB trimmed QC 1000 after firm pushback - retention period drops to five years and some roles open to non-firm personnel - but Dec. 15 holds.

FASB ASU: investment companies must factor contractual sale restrictions into fair value

FASB finalized the rule requiring investment companies to discount restricted equity in fair value - effective for annual periods beginning after Dec. 15, 2027.

Ed.2 - GPT - your new associate?