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FASB appoints technical director
The Financial Accounting Standards Board (FASB) has appointed Jackson Day to the role of director of technical activities, effective July…
FASB issues crypto asset standard
The Financial Accounting Standards Board (FASB) has issued an Accounting Standard Update (ASU) that will see US GAAP require cryptocurrencies to be…
FASB issues standard that enhances income tax disclosures
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that addresses requests for improved income tax disclosures from…
FASB seeks public comment on proposed accounting guidance improvements
The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the application and relevance of…
FASB issues standard to improve the accounting for and disclosure of crypto assets
The Financial Accounting Standards Board (FASB) has published an Accounting Standards Update (ASU) intended to improve the accounting for and disclosure of…
FAF appoints members to Board of Trustees
The Financial Accounting Foundation (FAF) has appointed two members to the Board of Trustees: Michael Clement and Elizabeth Pearce. Both…
FASB issues new chapter of its conceptual framework
The Financial Accounting Standards Board (FASB) has issued a new chapter of its Conceptual Framework related to the recognition and derecognition of…
FASB seeks public comment on disclosures proposal
The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to provide investors with more decision-useful information…
FASB issues new conceptual framework chapter: The Reporting Entity
The Financial Accounting Standards Board (FASB) has issued a new chapter of its Conceptual Framework that describes a reporting entity.…
FAF announces Private Company Council appointments
The Financial Accounting Foundation (FAF) has made two appointments the Private Company Council (PCC). Jere Shawver, will serve as the…
FASAC chair reappointed
The board of trustees of the Financial Accounting Foundation (FAF) has reappointed Michael Morrow to a third two-year term as…
FASB issues proposal to clarify accounting guidance
The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve generally accepted accounting principles (GAAP)…
FAF enhances stakeholder feedback procedures
The US’ Financial Accounting Foundation (FAF) has introduced an enhancement to make it easier for stakeholders to raise potential concerns…
FASB and ASBJ hold biannual meeting
Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) held a meeting on…
FASB improves tax credit structures accounting
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that improves the accounting and disclosures for…
FASB proposes improvements to the accounting for and disclosure of crypto assets
The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the accounting for…
SEC Accepts 2023 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy
The Financial Accounting Standards Board (FASB) has announced that the US Securities and Exchange Commission (SEC) has accepted the 2023…
FASB Not-for-Profit Advisory Committee gains members
The US’ Financial Accounting Standards Board (FASB) has appointed two members to its Not-for-Profit Advisory Committee (NAC), effective 1 January…
US’ FAF appoints member to Private Company Council
The US’ Financial Accounting Foundation’s (FAF) Board of Trustees appointed Katherine Curtis to the Private Company Council (PCC) for a…
FASAC gains nine members
The US’ Financial Accounting foundation board of trustees has appointed nine new members to the Financial Accounting Standards advisory Council…