AICPA News ASB Publishes New Auditor Reporting Standards On May 8, the AICPA’s Auditing Standards Board (ASB) published a set of standards intended to improve…
CPAJ News Briefs
FASB, IASB News
FASB News FASB Tries to Align with IFRS when Possible, Golden Says According to Chairman Russell Golden, FASB has endeavored—when possible—to align U.S. GAAP with…
CPAJ News Briefs
FASB, IASB News
FASB News Noski Reappointed Chairman of Financial Accounting Foundation Former senior banking executive Charles Noski has been reappointed to an additional term as chairman of…
CPAJ News Briefs
FASB, IASB News
FASB News FASB Approves Simpler Option for Reporting Some Intangible Assets of Nonprofit Hospitals As mergers and acquisitions (M&A) surge in the healthcare sector, not-for-profit…
CPAJ News Briefs
FASB, IASB, PCAOB News
FASB News Search Underway for New FASB and GASB Chairs The Financial Accounting Foundation (FAF) said it has launched a search to replace FASB Chairman…
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…
CPAJ News Briefs
FASB, IASB, AICPA News
FASB News Examination of Complex Liabilities, Equity Accounting to Begin At its February 13 board meeting, FASB plans to take action on a significant project…
CPAJ News Briefs
FASB, IASB News
FASB News Companies Find Favorable Changes in Hedge Accounting Update FASB’s 2017 simplification of its complex hedge accounting guidance contained some high-profile changes that were…
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, PCAOB News
FASB News Banks to Air Concerns on Credit Losses Standard at January Roundtable In January, FASB plans to hold a roundtable with bankers, auditors, and…
CPAJ News Briefs
FASB, PCAOB, IASB News
FASB News Input Sought on Complex Liabilities, Equity Accounting Guidance FASB wants to hear ideas from members of two advisory panels on how to sharpen…
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, IASB News
FASB News Investors Call for More Detailed Note Disclosure on Cash Taxes As FASB prepares to draw up a new slate of income tax disclosures,…
CPAJ News Briefs
FASB, IASB News
FASB News IAC to Offer Input on Segments, Disclosures FASB will hear input from its Investor Advisory Committee (IAC) on two early-stage projects that could…
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/PCAOB News
FASB News More Bankers Push Regulators to Delay Credit Losses Standard The American Bankers Association and 50 state bank associations appealed to the Financial Stability…
CPAJ News Briefs
FASB/IASB News
FASB News Private Companies Rush to Meet Revenue Recognition Effective Date With the 2019 effective date of FASB’s revenue recognition standard rapidly approaching, private companies…
CPAJ News Briefs
IASB/AICPA News
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/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/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…
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/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/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/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…