FASB Proposes New Software Accounting Rules to Reflect Modern Development Methods
In a significant move to bring accounting practices in line with modern technology, the FASB on October 29, 2024, proposed …
PCAOB Investor Panel Picks Deloitte, EY for Having 3 Most Useful Critical Audit Matters in 2023
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) has presented three examples of the most decision-useful critical …
The Hidden Truth: Why Cash Flow Statements Are Failing Investors
In the high-stakes world of finance, one critical aspect of corporate reporting has long been shrouded in mystery: cash flow. …
FASB Floats 5 Areas of Key Reforms to Simplify Hedge Accounting Rules
The FASB proposed five areas of targeted changes to hedge accounting rules on September 25, 2024, to better align financial …
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 …