Other Regulators are Discussing Implications of SEC Staff Accounting Bulletin on Crypto Safeguarding Activities
In response to a question at a conference about whether the Public Company Accounting Oversight Board is thinking about providing …
Private Companies Don’t Want to be Struck Out of Crypto Accounting Rules Being Developed
Private Company Council (PCC) Chair Candace Wright on Sept. 22, 2022, said new accounting rules the FASB is developing for …
Investor Advisory Committee Recommends SEC to Review Current Accounting Standard-Setting Practices
The Securities and Exchange Commission’s (SEC) Investor Advisory Committee (IAC) on Sept. 21, 2022, unanimously voted to recommend that the …
Accounting Rules Related to Leasehold Improvements May Change for Both Public and Private Companies
The FASB on Sept. 21, 2022, voted by 4 to 3 to issue a proposal that would change the accounting …
FASB Votes to Propose New Accounting Rules for Joint Venture Formations
The FASB on Sept. 14, 2022, unanimously voted to issue a proposal that would create new requirements for joint ventures …
SEC Acting Chief Accountant Highlights Financial Reporting Areas to Keep in Mind During Uncertain Economic Times
During a conference, SEC Acting Chief Accountant Paul Munter provided some important reporting areas that banks especially should consider when …
Oil and Gas Companies Will be Most Impacted by Inflation Reduction Act, Moody’s Says
Oil and gas companies will have to pay more taxes under the Inflation Reduction Act of 2022, according to accounting …
New FASB Crypto Accounting Rules Will Tackle Certain Fungible Tokens Deemed ‘Intangible Assets’
A new cryptocurrency accounting and disclosure standard will be scoped narrowly to address a subset of fungible “intangible assets” that …
Negative Impact of Credit Loss Accounting Standard on Buyers’ Earnings Biggest Concern About Rules
The FASB may need to study the credit loss accounting standard for better tailoring in relation to acquisitions because it …
How Long Will it Take to Develop Crypto Accounting Rules? FASB Isn’t the Problem
Speculation has bubbled up about how fast the FASB, the nation’s main accounting rulemaker, can move to issue new accounting …