FASB

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.

The Financial Accounting Standards Board is proposing to make further changes in the income tax disclosure requirements for companies to make them more relevant to users of financial statements.

Sax adds transaction advisory practice; FAF opens search for new Board of Trustees members; and more CPA news.

EY names global managing partner of client service; Baker Newman Noyes appoints managing principal; and other recent hires, promotions and personnel news from firms across the country.

The Financial Accounting Standards Board is aligning its definition with the American Alliance of Museums’ Code of Ethics for Museums.

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

The new standard adjusts the way companies account for the production costs of films and episodic content produced for TV and online streaming services.

The update clarifies some of the disclosure and implementation requirements of the new leasing standard.

The board posted a proposed guide Thursday, with a set of questions and answers about the new standards.

The companies are giving their customers access to both Chargebee’s subscription billing system and Softrax’s Revenue Manager revenue recognition software.

The Financial Accounting Standards Board issued a proposed accounting standards update Thursday on the recognition and measurement of deferred revenue in business combinations.

The Financial Accounting Standards Board hopes to simplify the move to the new credit loss rules by offering an option to measure certain assets at fair value.

Most organizations are using manual workarounds to comply with the new rev rec standard, according to a survey by Ernst & Young.