Income Tax Disclosure Rules Put Pressure on Corporate Data Systems
New financial disclosure requirements from the Financial Accounting Standards Board (FASB) are intended to provide investors with greater transparency into …
Early Warning System—or Echo Chamber? Inside FASB’s Advisory Web
The Financial Accounting Standards Board (FASB) has built a wide advisory network to pressure-test new standards before they’re finalized: investors, …
Corporate Tax Money, Mapped at Last: New Disclosures Show Big Overseas Payments and Ignite Scrutiny
Some of America’s biggest brands are finally showing where their tax money really goes — and in a number of …
FASB Chair Hopefuls Face a Conflicts Test Tougher Than Congress—Closer to Watchdogs
The search for the next leader of the U.S. accounting rulemaker comes with an unusual condition: before a candidate can …
After ‘A Thousand’ Conversations, PCC Chair Presses for Faster Route to FASB
The chair of the Private Company Council (PCC)—the Financial Accounting Standards Board’s primary advisory group on private-company reporting—says the council …
US GAAP Undergoes ‘Evergreen’ Refresh, Aiming to Simplify Financial Reporting for Businesses
Companies will operate under clearer accounting guidance within the next two years, as the Financial Accounting Standards Board (FASB) on …
Newly Issued US Hedge Accounting Rules Reshape How Businesses Track Financial Risk
The Financial Accounting Standards Board (FASB) has introduced new hedge accounting rules for how companies report on complex financial tools …
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 …