FASAB Issues Statement 62, Transitional Amendment to SFFAS 54
The Federal Accounting Standards Advisory Board recently announced it has issued Statement of Federal Financial Accounting Standards 62: Transitional Amendment to SFFAS 54.
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All Featured (49) For the Public (148) Tax News (467) Accounting & Auditing (227) Business & Industry News (133) Regulatory News (112) Legislative News (50) Chapter News (36) Young CPAs (76) Students (98) TSCPA Press Releases (75)Showing : 31–40 of 227
FASB Issues New Segment Reporting Guidance
The Financial Accounting Standards Board recently issued a final Accounting Standards Update intended to improve disclosures about a public entity’s reportable segments and address requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses.
View MoreImplementing AI in Financial Audits
As we navigate an environment with rapidly changing technological advancements, the audit world will need to integrate artificial intelligence (AI) into its approach to enhance accuracy, efficiency and insight.
View MoreA Focus on Disclosure Updates: The FASB’s Proposed Updates That Enhance Transparency
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.
View MoreFASAB Issues Technical Release on Leases Implementation
The Federal Accounting Standards Advisory Board recently announced its approval and issuance of Federal Financial Accounting Technical Release 22: Leases Implementation Guidance Updates.
View MoreSEC Adopts Amendments to Rules Governing Beneficial Ownership Reporting
The Securities and Exchange Commission recently adopted rule amendments governing beneficial ownership reporting under Sections 13(d) and 13(g) of the Securities Exchange Act of 1934.
View MoreFASB Incorporates SEC Disclosure Requirements Into Codification
The Financial Accounting Standards Board recently issued an Accounting Standards Update that incorporates certain U.S. Securities and Exchange Commission disclosure requirements into the FASB Accounting Standards Codification®.
View MoreAICPA PEEC Addresses Attest Client Fees and Ethics in Professional Education
The AICPA Professional Ethics Executive Committee recently approved revisions to align the Code of Professional Conduct with international standards on attest client fees as well as clarify members' ethical responsibilities when collaboration for professional qualifications and competencies oversteps into cheating.
View MoreThe Standard Setter Has Our Attention: 50 Years Later - FASB Updates Effective Periods Beginning After Dec. 15, 2022
The Financial Accounting Standards Board (FASB) hit a significant milestone in 2023. Established in 1973, the FASB is still going strong, after 50 years.
View MoreFASB Approves Cryptoassets Standard
The FASB recently voted to issue a cryptoassets standard requiring entities to report on fungible crypto holdings using the fair value measurement standard.
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