FASB News Rules for Software Costs Need More Disclosure Provisions, Investor Advisory Panel Says Senior analysts on a FASB advisory panel suggested that the board…
FASB News Should the Definition of a Public Business Entity be Revised? FASB may be interested in revising the definition of a public business entity…
FASB News FASB Reaches Milestone Decision to Finalize Proposed Chapter on Concept of Measurement FASB has voted to finalize a proposal on the concept of…
IASB News First Taxonomy for Filing Digital Reports on Climate, Sustainability Issues Published. The International Sustainability Standards Board (ISSB) has published its first taxonomy 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…
IASB News Major Review of Intangible Assets Standard Launches The International Accounting Standards Board (IASB) will start its review of its accounting standard on intangible…
IASB News Trustees Concerned Over Long-Term Funding The IFRS Foundation is concerned about its long-term ability to raise funds to govern its two international accounting…
FASB News Proposal on Interim Disclosure Rules to be Reexposed for Public Comment FASB has voted to issue a second proposal for interim disclosure rules,…
FASB News FASB Backpedals, Will Tailor International Accounting Rules on Government Grants for U.S. GAAP FASB voted 6 to 1 to tailor an international accounting…
FASB News Discussions Continue on ‘DISE’ Proposal, Environmental Credits FASB’s March 27, 2024, meeting was intended to advance discussions on two topics, including the proposed…
FASB News Proposal on Convertible Debt Backed by Accounting Firms, Other Groups Almost a dozen accounting firms and other organizations told FASB that they agree…
FASB News Discussions to Overhaul Accounting Rules for Software Costs Continue FASB has scheduled a meeting for March 20 to continue to draft a proposal…
FASB News Plan to Revise Accounting for Purchased Financial Assets Moving Ahead Despite pushback from some accounting firms, on February 28 FASB voted to move…
FASB News No Oversight Questions About Chair’s Congressional Hearing No questions were posed to FASB Chair Richard Jones by oversight trustees about his testimony at…
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 Segment Accounting Rules Have Big Implications for Non-GAAP Measures CPAs are thinking about FASB’s new segment reporting rules that take effect this…
IASB News FASB, GASB Trustee Meetings Set for Later This Month The trustee body and the oversight committee of the FASB and the GASB will…
IASB News Some Non-GAAP Items to Become Auditable. The upcoming IASB standard on financial performance information will subject certain types of non-GAAP measures to external…
FASB News Proposed Income Statement Expense Disclosures Moves Forward FASB has affirmed much of a proposal that would add new rules for disclosing income statement…
FASB News Public Comment Sought on Proposed Taxonomy Guides on Leases, Investment Companies FASB staff are seeking the public’s input about two proposed taxonomy implementation…
FASB News Cash Flows Rules Causing Misleading Valuations of Tech Firms? FASB should add another project to its agenda on the statement of cash flows…
FASB News FASB, GASB Overseers Seeking Trustees The Financial Accounting Foundation (FAF), the trustee body with oversight responsibility for FASB and GASB, is seeking new…
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 Use of Employee Stock Ownership Plans Growing but Disclosures Inadequate An increasing number of private companies are using employee stock ownership plans (ESOP),…
FASB News Project on Environmental Credits Still too Early? At a recent meeting, many on FASB’s main advisory body said they have no direct experience…
IRS News Supreme Court Hopes to Avoid Tax Code Upheaval in Moore Ruling Regardless of whether the Supreme Court rules in favor of petitioners or…
FASB News New Project to Amend Exceptions to Derivatives Accounting Rules FASB has agreed to add a project to its rulemaking agenda to narrowly revise…
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…