The SEC’s Chief Accountant Paul Munter, released a statement “Accounting Standard Setting in a Rapidly Evolving Business Environment: A Focus on the Timely Delivery of Investor Priorities,” discussing ...

The Financial Accounting Standards Board is a non-governmental, accounting-oversight organization that maintains accepted accounting rules that businesses in the U.S. follow. If businesses do not ...

Members of Congress have recently introduced bipartisan legislation to delay the implementation of a new accounting standard that will require many banks to more carefully calculate, and report in ...

The updated short-term agenda includes adopting amendments relating to firm and engagement metrics in 2024, proposing a new going concern standard in 2025 and adopting a new substantive analytical ...

The Financial Accounting Standards Board (FASB), which sets accounting standards for private and public U.S. companies, has not developed any accounting standards for digital assets. This has proved ...

Discover how the Accounting Principles Board (APB) set foundational accounting standards and influenced today's GAAP under the FASB in the financial reporting world.

Company executives know they have to follow U.S. accounting rules set by one board while their auditors must obey regulations from another. They may not appreciate the different political pressures ...

Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

In March, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act to help stabilize the U.S. economy in the wake of COVID-19. Included in the Act, and little noticed by the ...