FASB

The board is postponing the effective date of its long-duration insurance standard for a year and making it easier to adopt it early.

Having started his transition at the beginning of the pandemic, Board Chair Richard Jones now faces the uncertainty of the presidential election and what Congress might do with accounting standards.

The update addresses the Reference Rate Reform ASU issued by the Financial Accounting Standards Board in March.

The Financial Accounting Standards Board has released a staff educational paper offering an overview of the accounting guidance for debt restructurings and modifications.

The proposed accounting standards update aims to clarify an issuer’s accounting for certain modifications of equity-classified forwards and options (such as warrants) that remain equity classified after their modification.

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.