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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…
FASB adds members to investor advisory committee
The US’ Financial Accounting Standards Board (FASB) has appointed two new members to its investor advisory Committee (IAC). The new…
FASB appoints two members to Emerging Issues Task Force
The Financial Accounting Standards Board (FASB) has appointed two members to the Emerging Issues Task Force (EITF): Jack Ciesielski, founder…
FASB Small Business Advisory Committee gains three members
The Financial Accounting Standards Board (FASB) has appointed three new members to its Small Business Advisory Committee (SBAC), effective immediately.…
FAF reappoints GASB chair
The Financial Accounting Foundation has reappointed Jeffrey Previdi as vice chair of the Governmental Accounting Standards Board (GASB). In his…
FASB appoints three members to Not-for-Profit Advisory Committee
The US’ Financial Accounting Standards Board (FASB) has appointed three new members to its Not-for-Profit Advisory committee (NAC). The role…