FASB Releases 2023 GAAP Taxonomy
The FASB recently released the 2023 GAAP Financial Reporting Taxonomy and the 2023 SEC Reporting Taxonomy, collectively referred to as the GAAP Taxonomy.
View MoreTSCPA News
= Member Only
Filter by Category:
All Featured (45) For the Public (149) Tax News (479) Accounting & Auditing (231) Business & Industry News (140) Regulatory News (115) Legislative News (53) Chapter News (37) Young CPAs (77) Students (98) TSCPA Press Releases (77)Showing : 21–30 of 115
FASB Issues Updated Insurance Standard
The Financial Accounting Standards Board recently issued an Accounting Standards Update that amends transition guidance in ASU 2018-12, Financial Services—Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts (LDTI), for contracts that have been derecognized because of a sale or disposal of individual or a group of contracts or legal entities before the LDTI effective date.
View MoreSEC Amends Rule and Adopts New Disclosures on Insider Trading
The Securities and Exchange Commission recently adopted amendments to Rule 10b5-1 under the Securities Exchange Act of 1934 and new disclosure requirements to enhance investor protections against insider trading.
View MoreNASBA and AICPA Issue Proposed Revisions to CPE Provider Standards
NASBA and the AICPA recently issued proposed revisions to the Statement on Standards for Continuing Professional Education Programs for public comment.
View MorePCAOB Issues Interim Report on Critical Audit Matters
The PCAOB recently released an interim report evaluating the effect of a 2017 standard requiring the identification and reporting of critical audit matters (CAMs) in audit reports.
View MoreFASB Seeks Input on Proposed New Chapter of Its Conceptual Framework
The Financial Accounting Standards Board recently issued a proposed new chapter of its Conceptual Framework related to the recognition and derecognition of an item in financial statements.
View MorePCAOB Proposes New Quality Control Standard
The Public Company Accounting Oversight Board recently issued for public comment a proposed new standard for quality control systems.
View MoreGASB Seeks Feedback on Proposed Implementation Guidance
The Governmental Accounting Standards Board recently issued proposed implementation guidance in the form of questions and answers intended to clarify, explain or elaborate on certain GASB pronouncements.
View MoreSEC Proposes New Oversight Requirements for Certain Services Outsourced by Investment Advisers
The SEC recently proposed a new rule and rule amendments under the Investment Advisers Act of 1940 to prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence and monitoring of the service providers.
View MoreSEC Adopts Two Rules, Including “Clawback” Rule
The SEC recently adopted two rules, including a “clawback” rule intended to ensure publicly traded companies recover incentive-based compensation erroneously awarded to executives. The second adopted rule requires more transparency of mutual fund information shared with investors.
View More