FASB

The board is marking a half century of service and received a special proclamation from the mayor of Norwalk, Connecticut, where it is based.

The foundation will start streaming portions of its Oversight Committee meetings with the chairs of FASB and GASB, starting May 9.

The foundation announced the launch of its free, enhanced online access to the ASC and the Governmental Accounting Research System.

Investors are finding that the limited "proof of reserves" audits touted by some crypto companies don't provide much reassurance.

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Are you prepared?

The board voted to provide a practical expedient for when companies have related-party arrangements between entities under their common control.

Plus FASB will release a cryptocurrency draft in March, and other news and updates from the accounting technology world.

The board's cryptocurrency project has undergone several refinements over the course of several meetings within the past year.

The codifications will be more accessible to the general public and the paid professional view will be eliminated.

The board voted to approve an update that would enable more companies to opt for a proportional amortization accounting method for their tax credit investments.