FASB to Finalize Proposed Hedge Accounting Model, With Revisions
The FASB on November 10, 2021, voted to finalize a revised version of its May hedge accounting proposal – narrow …
FASB Votes Against Delaying Lease Accounting Rules a Third Time for Private Companies
The FASB on November 10, 2021, unanimously voted against delaying lease accounting rules a third time for private companies, citing …
Big Four, AIPCA Lobbying Includes FASB Independence, PCAOB Enforcement Transparency
Big Four audit firms and the AICPA reported lobbying on a wide range of accounting-related matters in the third quarter …
FASB Proposes Modest Revisions to Interim Disclosure Rules
The FASB on November 1, 2021, proposed modifications to interim disclosure rules aimed at helping companies to provide more meaningful …
New FASB Rules Issued on Revenue Contracts Acquired in Business Combinations
The FASB on October 28, 2021, issued a narrowly drawn standard that aims to stem reporting differences that have bubbled …
Independent Joint Ventures Getting Specific Disclosure Rules, FASB Says
The FASB on October 13, 2021, continued to hammer out a proposal for joint venture formations, voting on disclosures stand-alone …
FASB to Require Same Segment Expense Disclosures for Single and Multiple Segment Companies
The FASB on October 13, 2021, continued to build a proposal for segment disclosures, discussing follow-on issues related a principle …
SEC Official: We hear You on Requests for FASB Accounting Standard-Setting on Crypto
When the FASB put out an agenda request in the summer, hundreds have asked the accounting standard-setter to tackle accounting …
FASB Advisers: Be More Specific in Investor Outreach
The FASB’s main advisers on September 30, 2021, said the board should be more specific in its investor outreach, citing …
Proposal on Disclosure Package for Supplier Finance Programs Coming by Early Next Year, FASB Says
The FASB on September 22, 2021, voted to issue a proposal that would require a buyer to disclose its supplier …