FASB

The board is incorporating some of the commission's disclosure requirements into its Accounting Standards Codification.

Software vendors also lauded the board's new cryptocurrency standard as a worthy first step.

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

The board finalized a new standard aimed at providing more useful information on a venture's financial statements and curbing differences in reporting practice.

Ensure compliance with FASB guidelines and build business confidence.

The board proposed an ASU Monday to give investors more information about a company's expenses.

The Financial Accounting Foundation is looking for candidates to join the council that advises FASB.

The board proposed an update to improve the accounting for purchased financial assets, including those acquired in a business combination.

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework describing a reporting entity.

Regulatory uncertainty makes it difficult for treasuries to hold digital assets.

The board has been receiving comments as it works to impose the first rules ever for how companies should report on their cryptocurrency holdings.

Danielle Pollock became one of the seven students to be selected for the board's Postgraduate Technical Assistant program.

The foundation appointed the managing partner of assurance and risk at Baker Tilly, Jere Shawver, as the next chair of the council.

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.