FASB Issues Proposal that Will Boost Disclosures around Income Taxes Companies Pay in U.S., Overseas
The FASB on March 15, 2023, proposed a package of income tax disclosure rules that will require companies to provide …
Silicon Valley Bank’s Failure Sparks Speculation that FASB Accounting Rules for Held-to-Maturity Debt Securities Should be Revised
In light of Silicon Valley Bank’s (SVB) failure, speculation has surfaced about whether the FASB’s accounting rules for held-to-maturity (HTM) …
Recent Bank Failures May Indicate Problems with Going Concern Standards, Liquidity Risk Disclosure Rules
By now almost everyone knows that Silicon Valley Bank (SVB), which largely lent to tech companies, failed almost overnight on …
FASB Revises Rule Issuance Plans for First Quarter: Two New Accounting Standards, Two Proposals to Come
The FASB revised its first quarter plans and will now issue two new accounting standards and two proposals by the …
U.S. Accounting Rulemakers Studying How Investors Use Artificial Intelligence to Consume Financial Data
The FASB and the GASB are actively monitoring the evolution of electronic financial reporting, including how investors use Artificial Intelligence …
Free Advanced Online Version of U.S. Accounting Rules Now Available to the General Public
U.S. businesses and households now have free online access to accounting rules developed by the FASB and the GASB, including …
FASB Runs into Opposition from U.S. Chamber of Commerce on Coming Income Tax Disclosure Proposal
The nation’s main accounting rulemaker has run into opposition from the U.S. Chamber of Commerce about disclosure rules it plans …
Emphasizing Investor Needs, SEC’s Top Accountant Urges FASB to Continue Improving Accounting Rules Quickly
Continuing with his rather assertive and at times public display of the Securities and Exchange Commission’s oversight of the Financial …
FASB to Issue One New Accounting Standard and Three Proposals This Quarter
The FASB plans to issue one new standard and three proposals by the end of this reporting quarter, according to …
FASB Crypto Proposal Coming by End of March amid Slight Sector Rebound from Lows
The FASB on Feb. 1, 2023, said the public will get 75 days to comment on a proposal on accounting …