IADC AIP Committee

Meeting & Venue Details

Start DateNovember 11, 2026Start Time10:00 am
End DateNovember 11, 2026End Time11:00 am

Virtual Meeting

Note: The zoom invitation will be emailed the day before the meeting.  Email containing the Zoom information may be filtered into spam, so please check there if you haven’t received the email. If you have not received your Zoom link by 3:00pm the day prior please email committee.support@iadc.org for assistance.

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Agenda

  1. ASU 2024-03 – Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
  2. Discussion: ways to unlock cash flow
  3. If you could change one FASB rule, what would it be and why?
  4. Open discussion: how to calculate rig emissions, their financial reporting impact, and opinions from rig accountants
  5. AI success stories: has efficiency improved for a specific process?
  6. SEC update: on May 5, 2026, the SEC proposed amendments that would allow public companies the option to file one semiannual interim report on a new Form 10-S, instead of three quarterly reports on Form 10-Q

FASB latest updates: Accounting Standards Updates Issued

IADC Accounting Issues/Procedures (AIP) Committee Mission

The mission of the IADC Accounting Issues/Procedures Committee is to facilitate the exchange of information regarding accounting and financial reporting issues, current/proposed processes and compliance with FASB, PCAOB and SEC rules and regulations through the exchange of best practices among its committee members and the industry.

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