FASB Advisers Warn: Disclosures Lacking Around Trillion-Dollar Private Credit Market
“No burning issues” stand out that would merit an accounting overhaul for reporting about private credit agreements, but certain disclosures …
Paul Atkins Moves Closer to Becoming SEC Chair as Senate Panel Advances His Nomination
The Senate Banking Committee on April 3, 2025, voted 13 to 11 to advance the nomination of Paul Atkins to …
Top SEC Accountant Munter Suggests Cash Flow Statement, Intangibles for FASB Standard-Setting Projects
The Financial Accounting Standards Board (FASB) will very soon publish an agenda consultation document to solicit input on standard-setting projects …
FASB Seeks Input on Standardizing Non-GAAP Financial Measures
The Financial Accounting Standards Board (FASB) is taking aim at the confusing array of non-GAAP financial measures that companies use …
FASB Unveils New Guidelines to Boost Transparency in Corporate Expense Reporting
The Financial Accounting Standards Board (FASB) on November 4, 2024, issued new guidelines aimed at enhancing the transparency and clarity …
FASB Proposes New Software Accounting Rules to Reflect Modern Development Methods
In a significant move to bring accounting practices in line with modern technology, the FASB on October 29, 2024, proposed …
PCAOB Investor Panel Picks Deloitte, EY for Having 3 Most Useful Critical Audit Matters in 2023
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) has presented three examples of the most decision-useful critical …
The Hidden Truth: Why Cash Flow Statements Are Failing Investors
In the high-stakes world of finance, one critical aspect of corporate reporting has long been shrouded in mystery: cash flow. …
FASB Floats 5 Areas of Key Reforms to Simplify Hedge Accounting Rules
The FASB proposed five areas of targeted changes to hedge accounting rules on September 25, 2024, to better align financial …
FASB Urged to Strengthen Disclosure Rules for Banks’ Credit Risk Transfers
A former senior U.S. bank supervisor has sounded the alarm on the lack of transparency in U.S. banks’ reporting of …