FASB News Fair Value Disclosure Rules Scaled Back On March 7, the FASB published an update to U.S. GAAP to improve the information businesses disclose…
CPAJ News Briefs
FASB/AICPA/PCAOB News
FASB News Proposal to Allow Greater Capitalization of Cloud Computing Costs FASB has released a proposed amendment to U.S. GAAP for public comment to clarify…
CPAJ News Briefs
FASB News
Technical Corrections for Hedge Accounting Standard Put on Hold At its February 14 meeting, FASB backed away from issuing a limited, technical correction for its…
CPAJ News Briefs
FASB/IASB News
FASB News FASB Addresses Questions About Hedge Accounting At its February 14 meeting, FASB discussed technical questions that have arisen since the publication of an…
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 Comment Letters Back Simplified Transition to Lease Standard Companies, audit firms, and professional groups expressed approval of FASB’s proposed easing of the transition…
CPAJ News Briefs
FASB/IASB/PCAOB News
FASB News Lease Standard’s Technical Corrections Head to Final Status FASB has approved a slate of minor technical corrections to the lease accounting standard that…
CPAJ News Briefs
FASB/IASB News
FASB News Staff Document Offers Guidance on Accounting Implications of Tax Reform On January 22, FASB’s staff issued a question-and-answer document to offer guidance on…
CPAJ News Briefs
FASB/AICPA News
FASB News Staff Document Advises Private Companies, Not-for-Profits to Follow SEC Guidance on Tax Reform Private companies and not-for-profit entities should be able to apply…
CPAJ News Briefs
FASB/PCAOB News
FASB News Tax Law May Lead to Changes in U.S. GAAP At its upcoming meeting, FASB plans to discuss whether it needs to make a…
CPAJ News Briefs
FASB/PCAOB News
FASB News First Standards-Setting Meetings of New Year Scheduled FASB is scheduled to hold its first meeting of the new year on January 10. The…