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 …
FASB Urged to Revamp Personal Financial Statement Rules Amid Trump Case Controversy
The Financial Accounting Standards Board (FASB), the primary standard-setter for financial accounting in the U.S., is being pressed to overhaul …
FASB Pushes Forward with Targeted Accounting Reforms, Investors to Benefit
The FASB remains on track with its efforts to enhance financial reporting standards, with a slew of new proposals and …
Crypto Sector Slow to Adopt New Accounting Rules Despite Years of Advocacy
Despite years of pressing the FASB to develop a standard, the crypto sector has not been scrambling to adopt new …
FASB Moves to Clarify Accounting Rules for Complex Business Deals
The FASB took a step towards simplifying the complex world of business combinations involving Variable Interest Entities (VIEs), voting unanimously …
FASB Unveils Ambitious Agenda for Second Half of Year
The FASB has outlined a packed agenda for the second half of the year, with plans to issue two new …
Private Company Council Tackles Accounting Complexity with Four Key Projects
The Private Company Council (PCC), a body that advises the Financial Accounting Standards Board, has identified four key areas where …
Government Grants Accounting to Get New Rules, Establishing Reporting Guidelines for Businesses
he FASB voted on June 4, 2024, to issue a proposal that aims to standardize and clarify the accounting practices …
Disclosure Rules for Income Statement Expenses Might Come Late Summer, FASB Chair Says
Disclosure rules that will reveal certain types of expenses that analysts say are too obscure in income statements might be …
Should the Definition of a Public Business Entity be Revised? FASB Mulling Topic
The FASB may be interested in revising the definition of a public business entity (PBE), according to board discussions on …