Reviewing Proposed ASUs as We Begin 2025
In line with the timeline in its evolving technical agenda, FASB has recently completed the proposal of several Accounting Standards Updates (ASUs).
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All Featured (33) For the Public (149) Tax News (541) Accounting & Auditing (251) Business & Industry News (142) Regulatory News (120) Legislative News (62) Chapter News (49) Young CPAs (91) Students (108) TSCPA Press Releases (104)Showing : 21–30 of 251
FASB Clarifies Interim Effective Date for New Disaggregation of Income Statement Expenses Standard for Non-Calendar Year-End Entities
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update that clarifies for non-calendar year-end entities the interim effective date of Accounting Standards Update No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.
View MorePEEC issues recruiting guidance, exposure draft on simultaneous employment
On Monday, the AICPA Professional Ethics Executive Committee (PEEC) released new ethics guidance related to recruiting services for attest clients.
View MoreSEC Modernizes the Submission of Certain Forms, Filings, and Materials Under the Securities Exchange Act of 1934
The Securities and Exchange Commission today adopted amendments to require the electronic filing, submission, or posting of certain forms, filings, and other submissions that national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants make with the Commission.
View MoreFASB Issues Standard That Improves Accounting Guidance for Induced Conversions of Convertible Debt Instruments
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the relevance and consistency in application of the induced conversion guidance in FASB Accounting Standards Codification® Subtopic 470-20, Debt—Debt with Conversion and Other Options.
View MorePCAOB Adopts New Requirements To Standardize Disclosure of Firm and Engagement Metrics and To Modernize the PCAOB’s Reporting Framework
Changes adopted today by the PCAOB will increase audit firm transparency, bring consistency to the disclosure and calculation of audit firm and engagement metrics, and help the PCAOB conduct its oversight to protect investors.
View MoreStakeholder Alert: Crucial Details of AICPA’s and NASBA’s CBE Proposal
On Sept. 12, 2024, the American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) jointly proposed a new initiative in the form of an Exposure Draft aimed at enhancing the pathways to Certified Public Accountant (CPA) licensure.
View MoreSEC’s New Promulgation on Climate-Related Disclosure Rules
In March 2024, the SEC adopted its new climate-related disclosure rules (hereinafter, rules) for public business entities (PBEs).
View MorePCAOB Adopts Rule Amendment To Enhance the Usefulness of Audit Firm Registration Information
The Public Company Accounting Oversight Board (PCAOB) today adopted a rule amendment to advance the PCAOB’s investor-protection mission and to enhance the Board’s registration program.
View MoreAICPA Board Updates Peer Review Standards
The AICPA Peer Review Board recently approved a standards update intended to align peer review standards more closely with new quality management (QM) standards and to clarify and enhance current technical guidance.
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