The initial impact of the new supply chain finance (SCF) reporting rule for US companies, as laid down by the Financial Accounting Standards Board (FASB), has now come into view – and with it questions about its long-term efficacy. In September 2022 the FASB put the finishing touches to a new reporting rule regarding SCF arrangements in US companies’ corporate accounts. The new rule came into effect in January this year, after years of consultations with regulators, the big four accountancy firms and SCF providers.
