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 …
Banks Hesitant to Shift from LIBOR, Dawdling Over FASB Rate Reform Rules
Banks and other financial institutions are still hesitant over transitioning old existing contracts away from the London Interbank Offered Rate …
‘Skyrocketing Corporate Debt Figures’ Not Creating a Clamor for Simpler Classification Accounting Rules on the Topic
With net debt reaching about $3,832 billion for U.S. companies over the past year—46 percent of the total corporate debt …