FASB

The update reduces the cost of accounting for goodwill and measuring certain identifiable intangible assets for not-for-profit organizations.

Many banks and financial institutions are encountering challenges in preparing for the Financial Accounting Standards Board’s credit losses standard, according to a new survey.

The American Institute of CPAs honored James Leisenring, senior advisor to FASB, with the organization's highest honor.

The clarification might lead to problems for some museums.

The Financial Accounting Standards Board is giving banks some leeway in applying the new credit losses standard.

The Financial Accounting Standards Board has released a proposed accounting standards update to reduce the cost and complexity of accounting for income taxes.

The Institute wants to postpone the effective date of its new leases standard for one year, citing an overload for financial statement preparers.

With more than three-quarters of public companies already past the effective date, the spotlight is now on private companies.

The Center for Audit Quality has introduced a new guide to assist audit committees at overseeing their companies efforts to comply with the new credit losses accounting standard.

The American Institute of CPAs released non-authoritative guidance to help nonprofit organizations deal with a recent accounting standard on collections.

The Public Company Accounting Oversight Board may begin asking auditors to look at cybersecurity when assessing risks at the companies they audit.

The longtime head of the Financial Accounting Foundation will step down after 11 years of running the organization that oversees FASB, GASB and the PCC.

KPMG names chief global talent officer for tax; BKD welcomes 23 new partners and managing directors; and other recent hires, promotions and personnel news from firms across the country.

The Financial Accounting Standards Board released an accounting standards update Thursday to clarify three of its recent standards for credit losses, hedging, and recognition and measurement of financial instruments.

The former Bank of America vice chairman has agreed to stay on through the rest of 2019 as the board of trustees searches for new leaders at FASB and GASB.

AICPA chief auditor Bob Dohrer dives deep into the new requirement for reporting critical audit matters in the auditor's report, including recent guidance.

The Financial Accounting Foundation’s board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.

The Financial Accounting Standards Board has made two decisions that will limit changes to the CECL standard ahead of implementation.

The Financial Accounting Standards Board and the Governmental Accounting Standards Board are both on the lookout for new chairmen, with the end of the term approaching next year for leaders of both FASB and GASB.

IRS fraud-detection; restoring the personal exemption; divorce and taxes; and other highlights from our favorite tax bloggers.