FASB

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with retainage provisions.

The CFA Institute is urging accounting standard-setters to require more detailed disclosures of intangible assets before they're recognized on the balance sheet.

Plus, SAP builds Joule AI into Concur Expense and Concur Travel; New startup, Town, launches with SMB tax platform; and other accounting tech updates.

Armanino adds 22 partners; Weaver expands in India; and more news from across the profession.

FASB regulations requiring companies to record digital assets at fair value go into effect this year, but earlier adoption is permitted.

The Financial Accounting Standards Board released a proposed ASU containing a set of targeted improvements to the FASB Accounting Standards Codification.

Ericksen Krentel elects sixth MP; Yeo & Yeo, Grassi and BMSS move offices; IFRS Foundation appoints three new trustees; and more news from across the profession.

The Financial Accounting Foundation is looking for candidates for several leadership roles, including FAF executive director.

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on disaggregation of income statement expenses for non-calendar year-end companies.

The Financial Accounting Standards Board published an Invitation to Comment and asked stakeholders for feedback on its future standard-setting agenda.

The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy and GAAP Employee Benefit Plan Taxonomy.

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.

The proposed accounting standards update provides disclosure requirements related to environmental credits and obligations.

The American Institute of CPAs has published a new guide on best practices for the accounting and valuation of business combinations such as M&A.

The Financial Accounting Standards Board is seeking comments on a practical expedient and an accounting policy election for stakeholders.

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features.

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.