FASB News Joint FASB/GASB Webcast to Explain Nonprofit and Governmental Accounting Rules FASB and the GASB are holding a joint webcast on November 1 providing…
CPAJ News Briefs
GASB, FASB, IASB News
GASB News GASB Proposes Reporting Changes to Ease Effects of Rate Reform State and local governments can comment on a GASB proposal that aims to…
CPAJ News Briefs
FASB News
FASB News FASB Rejects Request to Delay Credit Loss Rules, Votes to Finalize Changes On September 18, FASB unanimously voted against delaying the effective date…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
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FASB, AICPA News
FASB News FASB Issues Proposed Taxonomy Changes to Reflect Reference Rate Reform FASB has proposed changes to the 2020 U.S. GAAP financial reporting taxonomy to…
CPAJ News Briefs
FASB News
FASB News FASB Votes to Finalize Proposal Simplifying Income Tax Accounting Rules On September 4, FASB voted unanimously to finalize its proposed rules that would…
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FASB, AICPA, GASB
FASB News FASB Hints at Future Hedge Accounting Overhaul A recent FASB discussion about hedge accounting rules has raised speculation that the board might consider…
CPAJ News Briefs
FASB, AICPA, PCAOB News
FASB News FASB Proposes Historic Change to Effective Dates Philosophy FASB has proposed a change to its philosophy for establishing effective dates for major new…
CPAJ News Briefs
IASB, FASB, AICPA News
IASB News Conference to Focus on Future Accounting Rules This year’s World Standard-setters Conference—the meeting of accounting rulemakers from various nations that use IFRS—will hold…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
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IASB, PCAOB News
IASB News Joint Discussion on Future of Financial Reporting IASB Chairman Hans Hoogervorst and FASB Chairman Russell Golden will participate in a panel discussion, being…
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FASB, AICPA News
FASB News Recognition of Acquired Liabilities in Customer Contracts Moved to Research Agenda On July 31, FASB removed a project from the Emerging Issues Task…
CPAJ News Briefs
FASB, PCAOB, AICPA News
FASB News Simplifications to Share-based Payments and Debt Accounting Considered Standards setters plan to tweak narrow areas of the stock compensation and debt accounting guidance,…
CPAJ News Briefs
FASB, IASB News
FASB News Colleges, Universities Question Whether to Combine Tuition and Housing Fees Under New Revenue Rules As the not-for-profit sector prepares to adopt new revenue…
CPAJ News Briefs
FASB, GASB News
FASB News Proposal to Include Credit Loss Rules in 2020 GAAP Taxonomy Published On July 10, FASB published a proposed update of its 2020 GAAP…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
FASB, PCAOB News
FASB News Chief Accountants: Proposed Revisions to Income Tax Disclosure Rules Too Costly to Prepare Chief accountants and controllers from some of the nation’s largest…
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FASB, IASB, GASB News
FASB News Most Private Companies Have Not Adopted New Revenue Rules, Are Unlikely to Adopt Lease Rules on Time A majority of private companies have…
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FASB, AICPA News
FASB News Bless: Audit Firms Need Guidance from PCAOB About Credit Loss Standard The PCAOB should provide guidance to audit firms about the new credit…
CPAJ News Briefs
FASB, GASB, PCAOB News
FASB News Three New Members Appointed to EITF FASB has added three new members to its Emerging Issues Task Force (EITF). The board said on…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
CPAJ News Briefs
IASB, GASB, AICPA News
IASB News IFRS Taxonomy to become Mandatory, EC Says Companies that use international financial reporting standards to prepare their financial statements need to tag them…
CPAJ News Briefs
FASB, PCAOB, SEC News
FASB News CPAs, Companies Pushing for Accounting and Disclosure Rules for Cryptocurrencies U.S. GAAP does not have specific guidance on how to account for and…
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FASB, GASB News
FASB News U.S. Chamber of Commerce Asks for Revision of Implementation Process The U.S. Chamber of Commerce has asked FASB to follow a process that…
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FASB, AICPA News
FASB News Private Companies, Nonprofits to Get Update on Major New Accounting Rules FASB will hold a webcast on June 17 for private companies and…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
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AICPA, GASB, IASB News
AICPA News ASB Publishes New Auditor Reporting Standards On May 8, the AICPA’s Auditing Standards Board (ASB) published a set of standards intended to improve…
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FASB, IASB News
FASB News FASB Tries to Align with IFRS when Possible, Golden Says According to Chairman Russell Golden, FASB has endeavored—when possible—to align U.S. GAAP with…
CPAJ News Briefs
FASB News
FASB News Financial Accounting Foundation President and CEO Polley Resigns On April 26, Teresa Polley, president and CEO of the Financial Accounting Foundation (FAF), resigned…
CPAJ News Briefs
FASB, IASB News
FASB News Noski Reappointed Chairman of Financial Accounting Foundation Former senior banking executive Charles Noski has been reappointed to an additional term as chairman of…