Investors to Gain Greater Clarity as FASB Ends ‘Double-Counting’ of Loan Losses
U.S. banks and other financial institutions that buy loans are poised for significant accounting changes by 2027, as new rules …
Accountants’ New Warning: Political Interference in FASB Revives Old Threat to Financial Reporting Credibility
The integrity of U.S. financial reporting, long considered the “gold standard” globally, faces a familiar challenge as political maneuvers again …
FASB Unveils New Rules Streamlining Internal Software Accounting for Modern Development Methods
U.S. accounting rulemakers have updated the rules for how companies track and report their spending on software they build for …
Digital Dollars on the Horizon? FASB Launches Study Amid White House Push for Clarity
The nation’s main accounting rulemaker, the Financial Accounting Standards Board (FASB), has kicked off critical research into how companies will …
FASB Advisers Warn: Disclosures Lacking Around Trillion-Dollar Private Credit Market
“No burning issues” stand out that would merit an accounting overhaul for reporting about private credit agreements, but certain disclosures …
Paul Atkins Moves Closer to Becoming SEC Chair as Senate Panel Advances His Nomination
The Senate Banking Committee on April 3, 2025, voted 13 to 11 to advance the nomination of Paul Atkins to …
Top SEC Accountant Munter Suggests Cash Flow Statement, Intangibles for FASB Standard-Setting Projects
The Financial Accounting Standards Board (FASB) will very soon publish an agenda consultation document to solicit input on standard-setting projects …
FASB Seeks Input on Standardizing Non-GAAP Financial Measures
The Financial Accounting Standards Board (FASB) is taking aim at the confusing array of non-GAAP financial measures that companies use …
FASB Unveils New Guidelines to Boost Transparency in Corporate Expense Reporting
The Financial Accounting Standards Board (FASB) on November 4, 2024, issued new guidelines aimed at enhancing the transparency and clarity …
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 …