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The Financial Accounting Standards Board voted Wednesday to propose to delay some of its major accounting standards — including credit losses, leases, hedging and long-duration insurance contracts — for private companies, nonprofits and small reporting companies.
July 17 -
The standard-setter plans to offer accounting relief to companies that need to modify their contracts as banks move the global reference rates for loans and more.
June 20 -
The Financial Accounting Standards Board is considering giving privately held companies and not-for-profit organizations an extra two years to implement standards.
June 18 -
The Public Company Accounting Oversight Board may begin asking auditors to look at cybersecurity when assessing risks at the companies they audit.
May 2 -
The Financial Accounting Standards Board released an accounting standards update Thursday to clarify three of its recent standards for credit losses, hedging, and recognition and measurement of financial instruments.
April 25 -
The Financial Accounting Foundation’s board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.
April 19 -
The Financial Accounting Standards Board and the Governmental Accounting Standards Board are both on the lookout for new chairmen, with the end of the term approaching next year for leaders of both FASB and GASB.
April 1 -
The new standard adjusts the way companies account for the production costs of films and episodic content produced for TV and online streaming services.
March 6 -
The update clarifies some of the disclosure and implementation requirements of the new leasing standard.
March 5 -
The update aims to reduce the costs of implementing and applying the new lease-reporting rules
December 10