New Accounting Disclosure Rules for Supplier Finance Programs Will Take Effect Next Year
Companies that use supplier finance programs to buy goods and services will need to start disclosing the key terms of …
Will FASB’s Incomplete Conceptual Framework Derail its Efforts on Crypto, Other New Projects?
Critical decisions the FASB makes that can ultimately move markets start with the Conceptual Framework, a set of theoretical guidelines …
FASB Issues Narrow Accounting Rule on Measuring Equity Shares
U.S. rulemakers issued a narrow accounting rule to clarify how to measure equity securities that are subject to a contractual …
FASB Eyeing International Rules to Revise the Definition of a Derivative
The FASB on June 29, 2022, signaled a strong interest in making changes to the definition of a derivative, including …
‘Intangibles’ too Broad to Tackle Holistically, Targeted Disclosures Possible, FASB Signals
The FASB will not pursue adding a holistic project to its technical agenda on intangibles, finding the topic delves into …
GOP Senators Demand SEC Withdraw Guidance on Crypto Platform Accounting
A group of Republican senators on June 15, 2022, asked the SEC to withdraw its late March staff accounting bulletin …
Citing No Case for Change, FASB Drops Project to Fix Acquisition Accounting Rules
The FASB on June 15, 2022, unanimously voted to drop its project aimed at improving the accounting for asset acquisitions …
Beyond Jarkesy, SEC Administrative Proceedings Face Attacks on Multiple Fronts
The Fifth Circuit’s decision in Jarkesy v. SEC may not be the death blow to the SEC’s enforcement regime it’s …
Will SEC Proposal on Workforce Include Accounting Requirement?
The SEC has been working on a rule proposal that is intended to increase the amount of information public companies …
FASB to Issue Report by Early July on Results of Agenda Outreach Efforts
The FASB plans to issue a report by early July that will summarize how input the board received on its …