ASU 2025-12: A Deeper Dive Background In December 2025, the Financial Accounting Standards Board (“FASB” or “the Board”) finalized ASU 2025-12, Codification Improvements.[1] This ASU resulted from the FASB’s standing “evergreen” project begun in 2010 that addresses stakeholder suggestions for incremental improvements to U.S. generally accepted accounting principles (U.S. GAAP). The ASU codifies various improvements […]
ASU 2025-12: A Deeper Dive Read More »
https://www.aicpa-cima.com/news/article/aicpa-updates-criteria-for-stablecoin-reporting-to-address-controls-over
https://www.fasb.org/news-and-meetings/in-the-news/2026-fasb-taxonomies-now-available-22-423441
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https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-new-standard-to-improve-interim-reporting-423439
FASB Issues New Standard to Improve Interim Reporting Read More »
https://www.fasb.org/news-and-meetings/in-the-news/fasb-issues-new-standard-to-add-guidance-on-accounting-for-government-grants-by-businesses-423400
https://www.fasb.org/news-and-meetings/in-the-news/fasb–issues-new-standard-to-improve-hedge-accounting-guidance-423381
FASB Issues New Standard to Improve Hedge Accounting Guidance Read More »
https://www.fasb.org/news-and-meetings/in-the-news/fasb-improves-guidance-on-purchased-loans-423314
FASB Improves Guidance on Purchased Loans Read More »
Amendments Related to Aspects of Designing and Performing Audit Procedures That Involve Technology-Assisted Analysis of Information in Electronic Form By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Introduction Auditors cannot rely on technology, technology-assisted analysis or digital data blindly. Professional judgment and procedures that result in sufficient and appropriate, i.e., reliable and relevant, evidence
The Final Stretch: Practical Readiness for AS 1105 and AS 2301 Amendments Read More »
By: Kelly Mann, CPA The Evolution of Auditing As we move deeper into the digital age, the manual processes that once defined our profession are giving way to data-driven methodologies that promise greater accuracy, efficiency and insight. For decades, auditors have relied on random sampling and manual testing, examining limited subsets of transactions, hoping they represent the whole. This approach,
Data Analytics Revolution: Transforming Employee Benefit Plan Audits Through Technology Read More »
By: Dr. Amelia Hart, CPA, and Steve Sledge, CPA Turning the Page to the FASB’s Next Chapter The Financial Accounting Standards Board (FASB) is looking ahead to what is next as many of its current projects are near the Final Accounting Standards Update (ASU) milestone. Seven proposed updates are projected to be finalized by Dec. 31, 2025. If completed
Finalizing Standards, Fresh Direction: The FASB’s Evolving Agenda Read More »