The feedback is expected to improve financial accounting and reporting and aims to provide investors useful information.

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on ...

FASB on Monday published an Accounting Standards Update (ASU) that clarifies for non-calendar-year-end entities the interim effective date of ASU No. 2024-03, Income Statement — Reporting ...

FASB has proposed delays in effective dates for some major accounting standards for certain financial statement preparers. Here’s how preparers can make the best use of the extra time. A new ...

The Financial Accounting Standards Board will evaluate two weighty issues in 2025 on how companies report their performance ...

The board wanted to make clear that all public companies must comply with the new expense disclosure requirements in ...

For the PCAOB Auditing Standards, numbers refer to chapter and paragraphs. For the FASB Accounting Standards Codification, the numbers refer to area, topic, subtopic, and section. According to the ...

However, as FASB's role is to establish and improve financial accounting and reporting standards, this proposal only addresses amounts reported in financial statements. Measuring or tracking an entity ...

MicroStrategy recently wrote to the Financial Accounting Standards Board (FASB), “This disconnect between an entity’s financial statements and the economic reality of its financial condition and ...

IASB News Trustees Reappoint Liu and O’Donovan to Interpretations Committee, Launch Search for New Members The IASB’s ...

The US accounting standard-setter’s top priority for 2025 is determining which issues to tackle next based on input from businesses that follow its rules and readers of their financial statements, the ...

The Financial Accounting Standards Board (FASB) has issued an Invitation to Comment (ITC) to gather stakeholder feedback on its future standard-setting agenda. This focuses on enhancing financial ...