SOFR

The Financial Accounting Standards Board is extending the period of time to use its LIBOR-to-SOFR relief guidance.

The board issued a proposed update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance.

The House approved one of the final key steps aimed at guaranteeing an orderly transition from the discredited benchmark.

The Financial Accounting Standards Board has released an update on its recent guidance on reference rate reforms to clarify its scope.

The Governmental Accounting Standards Board published guidance to help state and local governments transition move to newer reference rates that are less prone to market manipulation.

The Financial Accounting Standards Board approved an accounting standards update to help companies make the transition from the London Interbank Offered Rate to newer reference rates.

The Treasury Department and IRS issued proposed regulations to help taxpayers avoid negative tax consequences in the transition away from the London Interbank Offered Rate and other interbank rates to newer reference rates.

The Governmental Accounting Standards Board proposed accounting and financial reporting guidance for state and local governments to help them transition away from the London Interbank Offered Rate to newer reference rates.

Banks are making the transition from the London Interbank Offered Rate to new reference rates for short-term loans.

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.