FASB News More Work Needed on Income Tax Disclosure Plan FASB expects to issue a brand-new proposal as part of its plan to make companies…
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…
CPAJ News Briefs
FASB, AICPA News
FASB News Roundtable on Credit Losses Standard Set FASB plans to hold a public roundtable on January 28 for banks, auditors, investors, and regulators 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, PCAOB, GASB News
FASB News Examination of Complex Liabilities/Equity Accounting to Begin In early 2019, FASB plans to take its first official steps on a significant project to…
CPAJ News Briefs
FASB, PCAOB News
FASB News Board Takes its Time on Performance Reporting Project FASB is mulling big changes to the information companies provide in their income statements, but…
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, AICPA, PCAOB News
FASB News No Standards Setting Action Expected on Cryptocurrencies While digital currencies such as Bitcoin may generate headlines, companies do not use them enough to…
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…
CPAJ News Briefs
FASB/PCAOB News
FASB News No New Guidance Planned for Financial Reporting Effects of Tax Reform Between guidance from the Big Four accounting firms, technical inquiries to FASB’s…
CPAJ News Briefs
FASB/PCAOB News
FASB News Kroeker: Banks Need to Implement Credit Loss Standard on Schedule Despite pleas from banks, trade groups, and some lawmakers for FASB to 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…
CPAJ News Briefs
FASB/AICPA News
FASB News FASB to Debate Car Lender Concerns on Credit Loss Standard At its November 14 meeting, FASB will consider the concerns that underwriters of…
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/PCAOB/GASB News
FASB News Banks Pressure Federal Regulators for Changes to Credit Losses Standard On October 17, a trade group representing large U.S. banks requested that financial…
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…
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…
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…
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…