FASB News National Defense Group Urges FASB to Extend Delay on Revenue Accounting Rules The defense sector has asked FASB to extend a proposed delay…
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 Staff Document to Ease Hurdles on Accounting for Lease Concessions On April 10, FASB published a staff document that addresses four questions companies…
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
IRS, FASB, IASB News
IRS News IRS Creates Coronavirus Website The IRS has created a new website, http://www.irs.gov/coronavirus, that it says is “focused on steps to help taxpayers, businesses,…
CPAJ News Briefs
FASB, IASB, GASB News
FASB News Leases Roundtable Could Avert Private Company Adoption Costs FASB plans to hold a roundtable on April 9 to discuss the implementation experiences of…
CPAJ News Briefs
FASB, IASB News
FASB News FAF Appoints New Executive Director John Auchincloss, acting president of the Financial Accounting Foundation (FAF), the parent organization of FASB, has been appointed…
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 Golden Outlines Process for Setting Rulemaking Agenda FASB’s process for putting a topic on its standards-setting agenda is one that entails making tough…
CPAJ News Briefs
FASB, PCAOB, IASB News
FASB News Firms Ask FASB to Clarify Accounting Rules for Sale and Leaseback Transactions Six accounting firms, including the Big Four, have asked FASB to…
CPAJ News Briefs
FASB, IASB, AICPA News
FASB News FASB to Propose Conceptual Framework Amendments in June The U.S. accounting standards setter plans to issue a proposal early June that revises the…
CPAJ News Briefs
FASB, GASB, IASB News
FASB News New Rules Issued to Clarify Interaction of Equity Investment Accounting Rules FASB has issued narrow provisions to help accountants understand the interaction of…
CPAJ News Briefs
FASB, GASB, IASB News
FASB News Electric Sector Says Lease Accounting Rule Causing Losses to Profitable Contracts The Edison Electric Institute (EEI), a group that represents U.S. investor-owned electric…
CPAJ News Briefs
PCAOB, IASB, FASB News
PCAOB News Initial Observations of Critical Audit Matters Auditors of large public companies this year have begun including critical audit matters (CAM) in their audit…
CPAJ News Briefs
IASB, FASB News
IASB News Development of International Accounting Rules for Cryptoassets Stifled by Lack of Stability, Readiness IASB has said that because of insufficient use, stability, and…
IASB News Investors Advise Insurers to Quicken Adoption of New Insurance Accounting Rules Insurance companies need to get on with implementing the IASB’s new accounting…
CPAJ News Briefs
AICPA, IASB, FASB, PCAOB News
AICPA News AICPA Updates Interpretive Guidance for PCAOB’s Critical Audit Matters On October 23, the AICPA said it has updated interpretive guidance related to 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…
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…
Tax & Accounting Update is provided by Thomson Reuters and based on material published on Checkpoint, its online news and research platform. The Update is…
About the Panelists Susan Cosper, technical director at FASB and recently appointed to be a member of the board; Robert Laux, region lead for North America at the…
Opening Remarks: The Road to Better Financial Reporting
Reflections on Comparability and Convergence
About the Speakers Wesley Bricker serves as the chief accountant for the SEC's Office of the Chief Accountant (OCA). (Editor's note: Bricker left the SEC in…
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…
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…
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, 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…
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…