William Isaac and Thomas Vartanian unfortunately conflated two separate issues in their recent commentary about the Financial Accounting Standards Board: (1) FASB’s new standard for banks and other ...

The Financial Accounting Standards Board issued a proposed accounting standards update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance and expand ...

FASB issued a new accounting standard Thursday that is designed to help not-for-profits tell their story through their financial statements. Not-for-profit financial statements have been prepared ...

The Financial Accounting Standards Board has appointed Hillary H. Salo, a partner at KPMG, as its new technical director and chair of the Emerging Issues Task Force. She started her accounting career ...

New requirements that will bring lease assets and liabilities onto company balance sheets are expected to be issued in early 2016 after FASB voted 6–1 Wednesday to send its leases standard for final ...

At a meeting of the SEC’s Investor Advisory Committee in June last year, the Committee discussed the importance of non-traditional financial information. According to the panel’s moderator, investors ...

In the last couple of months of 2024, the FASB issued some “invitations to comment” intended to allow FASB stakeholders to express their views on whether or not the FASB should pursue the projects ...

Great news for banks. We’ve decided to establish a self-governing body to create federal common law principles governing corporate conduct. Processing Content Since Congress has never legislated in ...

In 1973, the Financial Accounting Standards Board was established to develop a set of financial accounting standards known as generally accepted accounting principals for the private sector. GAAP ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. The Financial Accounting Standards Board has averted political ...

The Financial Accounting Standards Board (FASB) plans to evaluate in 2026 whether certain cryptocurrency assets, including some stablecoins, qualify as cash equivalents, reported The Wall Street ...

Discover the three essential financial statements required by GAAP: income statement, balance sheet, and cash flow statement, ensuring accurate financial reporting.