FASB

The Financial Accounting Standards Board is extending the period of time to use its LIBOR-to-SOFR relief guidance.

Accounting Standards Update 2022-5 amends the LTDI guidance from 2018.

Officials from the Financial Accounting Standards Board are defending their consultations with investors in the wake of a report from an SEC advisory committee.

Officials from the commission discussed some of the proposed rules for digital assets like cryptocurrency and climate-related disclosures under development.

The board issued an ASU to improve accounting guidance for arrangements between entities under common control.

The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework on recognition and derecognition of items in financial statements.

Grant Thornton adds five to senior leadership team; Marcum prepares for annual Day of Service; and more news from accounting firms across the country.

The financial industry veteran will be overseeing the Financial Accounting Standards Board and the Governmental Accounting Standards Board.

Officials from the two boards discussed their work on upcoming auditing and accounting standards as they adjust to changing agendas and expectations.

The Financial Accounting Standards Board issued a proposed accounting standards update to give investors more information about a joint venture's financial statements.

Rettig speaks; FASB on crypto; going public; and other highlights from our favorite tax bloggers.

The board wants feedback on its proposed description of a reporting entity by January 2023.

The board has decided to require companies to measure cryptocurrency assets at fair value.

Board staff believe the approach better aligns measurement of crypto assets with that of other assets used for investment purposes.

The board is proposing to require companies to disclose more detailed information about the different segments of their business.

The Financial Accounting Standards Board issued an accounting standards update to improve transparency about the use of supplier finance programs for investors and other capital providers.

Members serve one-year terms advising the board on the needs and perspective of small public companies.

The commission's Investor Advisory Committee suggested reforms to the way the board operates.

The Financial Accounting Standards Board is considering a change to address leases that are under the common control of related-party businesses.

In its most recent meeting, the board agreed to narrow the scope of its digital asset project to focus specifically on cryptocurrencies.