FASB

The Financial Accounting Standards Board has posted the 2025 GAAP Financial Reporting Taxonomy, SEC Reporting Taxonomy and GAAP Employee Benefit Plan Taxonomy.

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

The Financial Accounting Foundation report found the Private Company Council has been performing its duties effectively and should continue to operate.

The proposed accounting standards update provides disclosure requirements related to environmental credits and obligations.

The American Institute of CPAs has published a new guide on best practices for the accounting and valuation of business combinations such as M&A.

The Financial Accounting Standards Board is seeking comments on a practical expedient and an accounting policy election for stakeholders.

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features.

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

The Financial Accounting Standards Board issued a proposed update to improve the navigability of the disclosures for interim reporting periods.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.

A proposed ASU would update the guidance on accounting for software, specifically when it comes to developing software for internal use.

Traphagen CPAs raises over $1K for American Cancer Society; KPMG appoints four partners to deal advisory & strategy practice; and more news from across the profession.

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.

The proposed update aims to enhance the guidance for share-based consideration payable to a customer in conjunction with selling goods or services.

The proposed amendments would clarify guidance on hedge accounting and address issues that arose from the global reference rate reform initiative.

TaxBit announced the launch of enterprise-grade pricing feature within the TaxBit Accounting Suite.