Accounting July 30, 2025
The Financial Accounting Standards Board issued new optional guidance on July 30 regarding the measurement of credit losses for accounts receivable and contract assets.
Accounting March 21, 2024
Jackson Day, who is currently a partner in professional practice at EY, will begin his new role at the FASB this July.
Accounting March 12, 2024
A federal district court in Alabama has found the Corporate Transparency Act, which includes the controversial Beneficial Ownership Information reporting requirements, to be unconstitutional.
Accounting March 8, 2024
The IIA noted the importance of transparency in order to provide confidence to all stakeholders, including the public.
Financial Reporting March 6, 2024
The Securities and Exchange Commission has published new rules to enhance and standardize climate-related disclosures by public companies and in public offerings.
Accounting March 1, 2024
As part of its effectiveness review of the PCC, the Financial Accounting Foundation is soliciting feedback from stakeholders.
Accounting Standards March 1, 2024
Lisa Washburn was appointed GASAC vice chair and David Goldman and Deborah L. Miller were appointed to the council.
Accounting Standards February 23, 2024
The two initiatives are designed to raise global awareness about the IFRS Sustainability Disclosure Standards and support implementation of them.
Accounting Standards February 18, 2024
COSO has provided thought leadership and guidance for organizations in areas of internal control, enterprise risk management, fraud deterrence, and governance.
Accounting Standards February 15, 2024
Despite the AICPA’s extensive efforts, in coordination with many other stakeholders, to inform small businesses of their new obligations concerning BOI reporting, many remain broadly unaware of their reporting requirement.
Accounting January 23, 2024
Revamped websites for the Financial Accounting Foundation and the GASB will also be going live in the coming weeks.
Accounting January 11, 2024
The new statement is meant to provide financial statement users with information about certain risks when circumstances make a government vulnerable to a heightened possibility of loss or harm.
Accounting January 10, 2024
The Financial Accounting Standards Board (FASB) has announced the appointment of six new members to its Not-for-Profit Advisory Committee (NAC), effective January 1, 2024.