FASB

2024 has been a dramatic one for cryptoassets, and as the year continues, accounting professionals will need to be able to keep clients informed.

The FASB voted to propose a new ASU that would, among other things, remove the distinction between linear and nonlinear development methods.

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

Officials discussed some of the latest accounting standards and advice for auditing firms during a USC and FEI conference.

The foundation commemorated the 40th anniversary of the Governmental Accounting Standards Board, and referenced last year's 50th anniversary of the Financial Accounting Standards Board.

Having joined the Financial Accounting Standards Board as a technical assistant in 2003, Salo will serve a five-year term on the board starting in July.

Large companies are bolstering their adjusted earnings per share by excluding items such as litigation expenses and amortization of intangible assets from their net income.

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments.

Plus, the Kansas Society of CPAs gives out scholarships; the Accounting MOVE Project announces a mini summit; and more.

Stakeholders are demanding ever greater tax transparency, and companies must navigate evolving, complex reporting requirements around the globe.

The accounting standard-setter named 11 experts to its reconstituted task force on Thursday.

The Financial Accounting Standards Board decided to pursue targeted improvements to its rules for accounting for and disclosing software costs, instead of a single overarching model.

PBMares establishes new risk advisory consulting practice; Weaver adds a tax partner; and more news from across the profession.

Businesses will get help determining whether profits interest and similar awards should be accounted for as share-based payment arrangements.

The Financial Accounting Foundation is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.

It's not just the 150-hour rule for obtaining a CPA license that may be the culprit for the talent shortage, according to an academic study.

The Financial Accounting Foundation has overhauled the website for the Financial Accounting Standards Board, with new websites in the works for the Governmental Accounting Standards Board and the FAF itself in the weeks ahead.

Brown Schultz Sheridan & Fritz assumes new name of Brown Plus; FASB appoints six to Not-for-Profit Advisory Committee; and more news from around the profession.

The FAF, which oversees FASB and GASB, is asking for nominations for at-large trustees.

The Financial Accounting Standards Board has decided not to add several projects to its technical agenda, including one on commodities, despite requests.