FASB

The Financial Accounting Standards Board proposed updates to its U.S. GAAP Financial Reporting Taxonomy to reflect a new proposed standard on crypto assets.

The board announced the selection of Rachel Scott, a doctoral student in accounting at the University of Georgia, as the recipient of its 2023 award.

Cyber-defenses; Tax Gap inaccuracy; a new retirement age; and other highlights from our favorite tax bloggers.

The board released an update to improve how companies disclose investments in tax credit structures by letting them use proportional amortization.

The board issued an ASU to ease the guidance for applying the leasing standard to arrangements between entities under common control.

Slowly but surely, more private businesses are adopting the new standard as they face demands to put their operating leases on their balance sheets.

Investors and analysts had complained that the existing disclosures don't offer enough information.

The board is marking a half century of service and received a special proclamation from the mayor of Norwalk, Connecticut, where it is based.

The foundation will start streaming portions of its Oversight Committee meetings with the chairs of FASB and GASB, starting May 9.

The foundation announced the launch of its free, enhanced online access to the ASC and the Governmental Accounting Research System.

Investors are finding that the limited "proof of reserves" audits touted by some crypto companies don't provide much reassurance.

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Are you prepared?

The board voted to provide a practical expedient for when companies have related-party arrangements between entities under their common control.

Plus FASB will release a cryptocurrency draft in March, and other news and updates from the accounting technology world.

The board's cryptocurrency project has undergone several refinements over the course of several meetings within the past year.

The codifications will be more accessible to the general public and the paid professional view will be eliminated.

The board voted to approve an update that would enable more companies to opt for a proportional amortization accounting method for their tax credit investments.

Private companies in the U.S. are still adjusting to the standard that took effect last year, as international standard-setters are proposing new rules for the public sector.

As CFOs and CAOs are discovering, there's a whole new level of complexity with cryptocurrencies and digital assets beyond volatility.

NJCPA announces the 10 winners of its Student Loan Debt Lottery; BPM launches podcast series; and more accounting news.