The AICPA’s Financial Reporting Executive Committee (FinREC) issued 12 working drafts of interpretive guidance for six industries— asset management, engineering and construction, gaming, health care,…
Since 2013, FASB has regularly given private companies extra time to adopt new accounting standards. Now the board may be ready to extend a similar…
FASB News Small Business Advisory Committee Seeks U.S. GAAP Exemptions Some members of FASB’s Small Business Advisory Committee (SBAC) have told the accounting board that,…
FASB News Businesses, Auditors Repeat Concerns about Debt Classification. Businesses, professional groups, and audit firms repeated concerns they raised to the FASB while the board…
CPAJ News Briefs: FASB, IASB, and AICPA
Clarifying Accounting For Intangible Assets May Take Years
FASB News Clarifying Accounting for Intangible Assets May Take Years The accounting for intangible assets has been a contentious accounting issue for most of FASB’s…
FASB News Podcast Series Launched on Implementation of Revenue Standard FASB began a series of podcasts on May 11 about its landmark revenue recognition standard.…
FASB News Conceptual Framework Discussion to Resume FASB resumed discussions on its effort to complete its Conceptual Framework—an internal guide to help the board set…
FASB News Credit Loss Standard Advisory Panel Plans to Review Implementation Questions FASB plans to hold a meeting of its Transition Resource Group on June…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
Tax & Accounting Update
FASB/SEC News
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…