FASB

Crypto can be subject to major price volatility that is inconsistent with cash or a cash-equivalent treatment.

The foundation is adding a place on its website where people can raise concerns about the standard-setters not following due process.

Plus, Traphagen shaves for charity; YPTC named four new regional directors; and other firm and people news from across the profession.

The Financial Accounting Standards Board proposed updates to its U.S. GAAP Financial Reporting Taxonomy to reflect a new proposed standard on crypto assets.

The board announced the selection of Rachel Scott, a doctoral student in accounting at the University of Georgia, as the recipient of its 2023 award.

Cyber-defenses; Tax Gap inaccuracy; a new retirement age; and other highlights from our favorite tax bloggers.

The board released an update to improve how companies disclose investments in tax credit structures by letting them use proportional amortization.

The board issued an ASU to ease the guidance for applying the leasing standard to arrangements between entities under common control.

Slowly but surely, more private businesses are adopting the new standard as they face demands to put their operating leases on their balance sheets.

Investors and analysts had complained that the existing disclosures don't offer enough information.