FASB

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.

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.