IASB News GRI and ISSB Trustees to Launch Sustainability Innovation Lab The Global Reporting Initiative (GRI) and the IFRS Foundation will launch the Sustainability Innovation…
IASB News GRI and ISSB Trustees to Launch Sustainability Innovation Lab The Global Reporting Initiative (GRI) and the IFRS Foundation will launch the Sustainability Innovation…
FASB News Revenue Accounting Rules Pose Ongoing Costs but Firms not Pressing for More Changes FASB was applauded by participants at a recent roundtable for…
FASB News Statement of Cash Flows to be Narrowly Reorganized for Financial Institutions FASB has voted to add a rulemaking project to its agenda to…
FASB News New Rule for Profits Interest Awards will be Issued Early Next Year FASB voted to finalize a narrow proposal that aims to provide…
IASB IFRS Interpretations Committee to Publish Final Decisions on Three Topics, Propose New One The IFRS Interpretations Committee will ask the IASB this week whether…
IASB News Due Process Handbook to be Updated to Reflect ISSB’s Role The IFRS Foundation plans to update its Due Process Handbook to reflect the…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
FASB News New Accounting Standard to Incorporate 14 SEC Disclosure Rules into GAAP FASB issued an accounting standard that pulls 14 SEC disclosure requirements into…
FASB News New Subtopic for Crypto Assets to be Added to Intangibles Section of U.S. GAAP. FASB plans to add a new subtopic number…
FASB News No Fundamental Change Needed on Cost-Benefit Due Process FASB’s approach for weighing the costs versus benefits of changing accounting rules may be the…
FASB News Disclosure Rules on Stock Compensation not Complex but Some Audits Costly. Recommendations on whether FASB should revise certain disclosure requirements for stock compensation…
FASB News New Rules Coming Will Pull SEC Disclosures into GAAP FASB plans to publish an accounting standard in October that will bring 14 SEC…
FASB News Proposal on Accounting and Disclosure of Crypto Assets Finalized FASB unanimously voted to finalize proposed accounting rules on crypto assets—just five months after…
FASB News Proposed Disclosure Rules on Income Taxes to be Finalized FASB has unanimously voted to finalize the proposed disclosure rules on income taxes, touting…
FASB News New Standard on Accounting for Joint Ventures Issued FASB has published a new standard intended to improve the accounting for joint venture formations,…
IASB News New Accounting Rules for Reporting Unexchangeable Currencies Published The IASB has issued a narrow accounting rule aimed at eliminating confusion about how to…
IASB News Educational Material on Natural and Social Aspects of Climate-Related Disclosures Coming Soon The International Sustainability Standards Board (ISSB) said that its staff are…
FASB News Staff Propose Updates to U.S. GAAP Taxonomy on Disclosing Income Statement Expenses FASB staff members are seeking public input about how to tag…
FASB News Changes to Segment Expense Disclosure Rules Finalized FASB voted to finalize its proposed changes to segment reporting, wrapping up about six years of…
GASB News Milestone Date Passed for Using LIBOR in Accounting Rules for Derivative Instruments The GASB issued a reminder on July 17 that the cutoff…
FASB News Securities Industry Asks for Three Extra Months to Study Proposal on Purchased Financial Assets The Securities Industry and Financial Markets Association (SIFMA) asked…
FASB News FAS Staff Propose Update to GAAP Taxonomy on Tagging Purchased Financial Assets FASB staff members are seeking public input on introducing recently proposed…
FASB News Proposal Would Amend Credit Loss Accounting Rules to Simplify Reporting of Purchased Financial Assets FASB has issued a proposal to obtain public comment…
FASB News FASB’s Special Task Force Will Decide on Convertible Debt-Related Issues in September An educational session held by FASB’s Emerging Issues Task Force (EITF)…
FASB News New Lease Accounting Rules Better for Investors but Some Reports Lack Comparability Questions continue to surface about FASB’s relatively new lease accounting rules,…
FASB News FASB Studying Two Parallel Paths to Potentially Revise Statement of Cash Flows FASB Chair Richard Jones said the board plans to decide “at…
FASB News Will FASB Need to Consider AI in Overhaul of Accounting for Software Costs? FASB may need to consider how artificial intelligence (AI) would…
FASB News Advances Made on Proposal on the Concept of Measurement FASB has made progress on the concept of measurement—a chapter being developed in the…
FASB News Staff Propose Updates to U.S. GAAP Taxonomy on Profits Interest Awards FASB staff members are seeking public input on introducing recently proposed guidance…