The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”).
SEC Accepts 2024 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy Read More »
Liquidity has taken center stage as the top risk position for financial institutions as well as regulators, and rightfully so.
Regulatory Bootcamp: Liquidity – Preparing for Your Next Exam Read More »
The Securities and Exchange Commission (SEC) plays a vital role in maintaining the integrity of our financial markets.
The Year of the Crypto Fraud Read More »
The Financial Accounting Standards Board (FASB) has several proposed Accounting Standards Updates (ASUs) at various phases of the process.
The Securities and Exchange Commission today adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings.
SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for Investors Read More »
In response to the financial crisis of 2008, the U.S. Congress passed the Dodd-Frank Act in 2010 to provide more protections to investors and consumers.
What You Need To Know About the SEC’s Whistleblower Program Read More »
Disclosures are an important and necessary component of financial reports. Disclosures support financial statements with relevant and necessary information. Disclosures are one of the primary means of understanding and explaining the numbers on the face of the financial statements.
A Focus on Disclosure Updates: The FASB’s Proposed Updates That Enhance Transparency Read More »
The Gramm-Leach-Bliley Act (GLBA) was passed by Congress in 1999 with bipartisan support. A component of the GLBA, its Safeguards Rule, was first established in 2003, and required organizations defined as “financial institutions” to establish measures to keep their customers’ private information secure.
Compliance With the Federal Trade Commission “Safeguards Rule” Read More »
The Financial Accounting Standards Board (FASB) hit a significant milestone in 2023. Established in 1973, the FASB is still going strong, after 50 years.
An important goal of the Financial Accounting Standards Board (FASB) is listening to the concerns, insights and other feedback of stakeholders. One primary concern communicated by stakeholders via the 2021 FASB invitation to comment on the Board’s agenda related to crypto assets.