FASB

The update changes how investment companies such as mutual funds can measure the fair value of an equity security subject to a contractual sale restriction.

The Financial Accounting Standards Board posted a proposed accounting standards update with targeted improvements to the Accounting Standards Codification.

The Financial Accounting Foundation named Hillary Salo as the next chair of the Financial Accounting Standards Board, starting July 1, 2027.

The Financial Accounting Standards Board issued a proposed ASU to clarify how the definition of cash equivalents applies to digital assets such as stablecoins.

Investment companies may need to reassess valuation policies, disclosures and financial reporting timelines if the proposal is finalized.

The Financial Accounting Standards Board decided during a board meeting to add a project on goodwill impairment testing to its technical agenda.

Financial Accounting Standards Board chair Richard Jones is preparing for new agenda projects as well as the likelihood of a semiannual reporting option.

The Financial Accounting Standards Board wants to amend how investment companies measure the fair value of a security subject to a contractual sale restriction.

The Financial Accounting Standards Board posted a proposed accounting standards update to improve interest rate risk hedging and net investment hedging accounting guidance.

The Financial Accounting Standards Board issued a proposed accounting standards update to enhance the guidance for some market-return cash balance plans.

The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

The Financial Accounting Standards Board decided to add several projects to its technical agenda.

Officials discussed the SEC's proposal for a semi-annual reporting option along with new accounting standards at a Baruch College conference.

The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the "portfolio layer method" when doing hedge accounting on their financial liabilities.

CohnReznick opens seventh California office and adds international tax partner; Aprio appoints real estate industry leader; and more news from across the profession.

The accounting standards update offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

The Financial Accounting Standards Board met to discuss accounting for transfers of crypto assets and disclosures around digital assets such as stablecoins.

The Financial Accounting Standards Board is studying current trends and emerging issues in data infrastructure investments and nontraditional lending.

Crowe promotes 25 to partner; REDW adds Las Vegas office; and more news from across the profession.

Sweeping review; year-end procedures; close the book; and other highlights from our favorite tax bloggers.