FASB

Private companies got a reprieve for implementation of this major standard -- and they'll need all of it, according to LeaseQuery's George Azih.

The American Institute of CPAs’ Financial Reporting Executive Committee has proposed several working drafts of its guidance on the long-duration insurance accounting standard for insurance companies.

Popular forms’ deadlines; sharper eye on S corps; when restitution has mattered; and other highlights from our favorite tax bloggers.

The Financial Accounting Standards Board has issued a standards update aimed at clarifying the interaction between the rules related to equity securities, equity method investments and certain derivatives.

The ability to explain accounting clearly is the power that will make accountants superheroes.

Average audit fees increased 4.25 percent from 2017 to 2018, according to a new report.

The Financial Accounting Foundation’s board of trustees has named Joel Black, partner in charge of the audit practice at Top 100 Firm Mauldin & Jenkins, the next chair of the Governmental Accounting Standards Board.

The two proposals would offer guidance on implementing the Financial Accounting Standards Board’s new standards for long-duration insurance contracts and credit losses.

All three are pending final acceptance by the SEC, which is expected to finalize them early next year.

HW&Co. names former intern as new CEO; Financial Accounting Foundation announces appointments across multiple organizational boards; and more personnel news.

Five new trustees have also been named to the Financial Accounting Foundation.

ASU 2019-12 aims to simplify Topic 740 in GAAP.

FASB’s delay of the effective date of ASC 842 for private companies is a gift to businesses struggling to get the new lease standard right.

Financial Accounting Standards Board Chairman Russell Golden compared the standard-setting process to the new race car movie, “Ford v Ferrari,” even though he admitted the process usually isn’t so speedy.

The Financial Accounting Standards Board seeks candidates for the role of principal advisor to the chairman and board.

The board issued an ASU Tuesday to tweak its credit losses standard to deal with some of the issues raised by stakeholders.

The changes mainly reflect application of the new lease accounting standard for casinos with wide area progressive slot machines.

The core issue is its potential for exploitation and fraud, according to Prof. J. Edward Ketz.

The Financial Accounting Standards Board approved an accounting standards update to help companies make the transition from the London Interbank Offered Rate to newer reference rates.

The Financial Accounting Standards Board released a proposed accounting standards update Tuesday aimed at clarifying some areas of its 2017 hedging standard for derivatives.