House COVID-19 Package Would Expand Disclosures
By Bill Flook The legislative stimulus package rolled out on March 23, 2020, by the House Financial Services Committee in …
FASB Assessing Impact of Accounting Rules Amid Looming COVID-19 Credit Crunch
By Soyoung Ho The FASB is assessing the impact of certain accounting rules in light of the coronavirus pandemic, which …
FASB Issues New Rules to Stem Impact of LIBOR Expiration on U.S. Companies
By Denise Lugo U.S. accounting rulemakers on March 12, 2020, published new rules to provide an easier, more cost efficient …
FASB Publishes Narrow Fixes to Financial Instruments Accounting Rules
By Denise Lugo The FASB on March 9, 2020, said it amended seven areas of financial instruments accounting rules, narrow …
Private Company Rules for ‘Profit Interest’ Could Get Simpler
By Denise Lugo Private companies could be getting more clarity about reporting profits interest, a type of equity compensation used …
U.S. Companies to Get New LIBOR Transition Accounting Rules Mid-March
By Denise Lugo FASB Chairman Russell Golden said the board in coming weeks will issue new accounting guidance to help …
Narrow Private Company Proposal to be Issued Related to Equity-Classified Stock Options
By Denise Lugo A Private Company Council (PCC) decision to leverage Internal Revenue Code Section 409A valuation procedures for finding …
FASB to Extend Research on Proposed Income Tax Disclosure Changes
By Denise Lugo The FASB will hold a workshop during the second quarter this year to gain more insight about …
AICPA Speaks out for Independent FASB Following GOP Bill
By Bill Flook When Rep. Blaine Luetkemeyer, one of the loudest critics of the FASB in Congress, last year proposed …
FASB Votes to Finalize Seven Proposed Fixes to Financial Instruments Rules
By Denise Lugo The FASB plans to issue in early March amendments to financial instruments accounting rules on seven narrow …