FASB

The Financial Accounting Foundation is looking for candidates to join the council that advises FASB.

The board proposed an update to improve the accounting for purchased financial assets, including those acquired in a business combination.

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework describing a reporting entity.

Regulatory uncertainty makes it difficult for treasuries to hold digital assets.

The board has been receiving comments as it works to impose the first rules ever for how companies should report on their cryptocurrency holdings.

Danielle Pollock became one of the seven students to be selected for the board's Postgraduate Technical Assistant program.

The foundation appointed the managing partner of assurance and risk at Baker Tilly, Jere Shawver, as the next chair of the council.

Crypto can be subject to major price volatility that is inconsistent with cash or a cash-equivalent treatment.

The foundation is adding a place on its website where people can raise concerns about the standard-setters not following due process.

Plus, Traphagen shaves for charity; YPTC named four new regional directors; and other firm and people news from across the profession.

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.