FASB

The American Accounting Association has issued a rare rebuke to Congress criticizing government interference in accounting standards.

The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday to improve three areas of its lease accounting standard.

Is the current method painting the most accurate picture for private companies facing the coronavirus?

The board has voted to defer the effective date of its long-duration insurance contract standard for one year.

The Financial Accounting Standards Board is offering a practical expedient to the current revenue recognition rules for franchise businesses.

The changes would enhance the transparency of how nonprofits report contributed nonfinancial assets.

A former FASB chair believes the "revolving door" from firms to regulators and back is good for the capital markets.

Richard Jones is making post-implementation reviews of standards one of his top priorities, and taking a closer look at FASB’s crowded agenda.

The board is considering a proposal aimed at reducing the cost and complexity for private companies when they need to decide on the fair value of the shares underlying a share-option award on its grant date or modification date.

Post-implementation reviews enable FASB to identify and deal with any areas for improvement stemming from either adoption or implementation of a standard.

The update promises to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.

The Financial Accounting Standards Board has released a new guide to a feature of Extensible Business Reporting Language known as extensible lists.

More than half the companies that completed their first audits under the new standard needed to make an extra effort.

Golden, who just completed his term at FASB, will be chairing an Assurance Quality Advisory Committee at PwC.

The Financial Accounting Standards Board is proposing a new chapter in its conceptual framework that defines 10 elements of financial statements.

The Financial Accounting Standards Board released a proposed accounting standards update to help insurance companies adversely affected by the COVID-19 pandemic by giving them an extra year to implement the long-duration insurance accounting standard.

The Financial Accounting Standards Board and the Governmental Accounting Standards Board are under new chairmen Wednesday after their long-serving leaders completed their second terms.

The meeting was the last in chairman Russell Golden’s term.

The pandemic and the new accounting standard are leading to lower regulatory capital ratios at global investment banks, according to a new report.

The Financial Accounting Standards Board released an accounting standards update providing a one-year effective date delay for private companies and organizations to apply the revenue recognition and leases standards due to COVID-19, although they still have the option to apply the standards early.