IASB News Insurance Standard May Face Two-Year Delay The IASB is ready to debate delaying the effective date of its insurance accounting standard when it…
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/SEC News
FASB News Banking Regulators to Finalize Rule Offering Capital Relief On September 18, federal banking regulators said they plan to finalize a rule to ease…
CPAJ News Briefs
FASB/PCAOB News
FASB News National Standards Setters Decry European Plan for Local Changes to IFRS National accounting standards setters, accounting organizations, and professional groups oppose a European…
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/IASB/AICPA News
FASB News FASB to Study Cost of Options in Accounting Standards To help auditors and companies save money, FASB often gives private companies the option…
CPAJ News Briefs
FASB News
FASB News Proposal to Tweak Credit Losses Standard Expected in November FASB will propose a package of minor clarifications to the board’s sweeping new credit…
CPAJ News Briefs
FASB/PCAOB News
FASB News Final Version of Amended Debt Classification Guidance Approved At its August 22 meeting, FASB agreed to publish a final version of its amended…
CPAJ News Briefs
FASB/IASB/AICPA News
FASB News Debt Classification Guidance Moves Closer to Final Status FASB plans to settle some of the lingering issues with its upcoming guidance for classifying…
CPAJ News Briefs
FASB/PCAOB/IASB News
FASB News Effective Date for Insurance Accounting Amendments still 2021 Despite the complaints of U.S. insurance companies that they will not be ready to meet…
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/AICPA News
FASB News Banks Seek Extended Phase-In Period for Credit Loss Standard Banks want federal banking regulators to make it easier to adopt FASB’s proposed credit…
CPAJ News Briefs
FASB/AICPA News
FASB News EITF Effort to Clarify Business Combinations Guidance Delayed FASB’s Emerging Issues Task Force (EITF) recently determined that it needs to further revise a…
CPAJ News Briefs
FASB/IASB News
FASB News Minor Technical Corrections Published for Lease Standard FASB has published an update to U.S. GAAP with 16 technical corrections for its much-watched lease…
CPAJ News Briefs
FASB/GASB/SEC News
FASB News Effort to Refine U.S. GAAP’s Definition of a ‘Liability’ Continues. FASB’s latest effort to update its Conceptual Framework is focusing on the building…
CPAJ News Briefs
FASB/IASB News
FASB News Quarterly Disclosure Project to Resume After a more than three-year hiatus, FASB resolved at its July 11 meeting to resume its project to…
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 News
FASB News Effort to Refine U.S. GAAP Definition of a Liability Continues FASB’s latest effort to update its Conceptual Framework is focusing on financial statement…
CPAJ News Briefs
FASB/IASB News
FASB News FASB Clarifies Accounting Guidance for Contributions FASB has updated U.S. GAAP to determine when a contribution to a not-for-profit organization should be accounted…
CPAJ News Briefs
FASB/IASB/PCAOB
FASB News Proposed Amendments for Collaborative Arrangements Leave Many Questions Unanswered Some financial reporting professionals doubt that a recent FASB proposal will solve the accounting…
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 Disclosure Framework Slated for September Publication FASB’s planned concepts statement aimed at improving how the board writes disclosure requirements for U.S. GAAP is…
CPAJ News Briefs
FASB/AICPA/IASB News
FASB News AICPA and CUNA Seek Extension of Credit Loss Standard’s Effective Date Some smaller financial institutions and private companies are worried that the transition…
CPAJ News Briefs
FASB/PCAOB News
FASB News FASB, IASB to Share Information on Performance Reporting Projects On June 18, FASB will meet with the IASB at its London office for…
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/IASB News
FASB News Details of New Lease Guidance Complicate Implementation Efforts At first blush, FASB’s new lease accounting standard sounds simple enough: companies must tally everything…
CPAJ News Briefs
FASB/IASB News
FASB News Small Companies Face Difficult Implementation Process for Revenue Standard Representatives from small public companies and their auditors told FASB on May 10 that…
CPAJ News Briefs
FASB/AICPA News
FASB News Final Version of Disclosure Framework Amendments Slated for Mid-Year In the coming months, FASB plans to publish the guide it first proposed more…
CPAJ News Briefs
FASB/IASB News
FASB News Disclosure Framework Nears Completion FASB is close to finalizing a guide to help it write consistent, effective footnote disclosure requirements in new accounting…
CPAJ News Briefs
FASB/IASB/PCAOB News
FASB News Meeting with Healthcare Professionals to Address Issues, Trends FASB is scheduled to meet with the Healthcare Financial Management Association’s Principles and Practices Board…