Members of Congress have recently introduced bipartisan legislation to delay the implementation of a new accounting standard that will require many banks to more carefully calculate, and report in ...
FASB is seeking feedback from stakeholders to help shape its future standard-setting agenda. The Invitation to Comment (ITC), open through June 30, is part of an agenda consultation project in which ...
The trustees overseeing the Financial Accounting Foundation have named three new members of the Governmental Accounting ...
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Two Boards Oversee Public Companies’ Accounting. Why Is One’s Independence More at Risk?
Company executives know they have to follow U.S. accounting rules set by one board while their auditors must obey regulations from another. They may not appreciate the different political pressures ...
The Financial Accounting Standards Board (FASB), which sets accounting standards for private and public U.S. companies, has not developed any accounting standards for digital assets. This has proved ...
Arthur Levitt has been a consistent supporter of good accounting standards and he raises many valid issues in his March 9 editorial-page commentary "Standards Deviation." My own involvement in ...
With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
FASB will seek input on what its future standard-setting priorities should be in an agenda consultation that’s starting this month, board Chair Richard Jones said Tuesday at the AICPA Conference on ...
The Financial Accounting Standards Board voted to consider setting clear rules on the accounting and disclosure of certain digital assets such as Bitcoin and Ethereum, a move that could fill a gap for ...
In March, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act to help stabilize the U.S. economy in the wake of COVID-19. Included in the Act, and little noticed by the ...
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