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The Inflation Reduction Act1 of 2022 (the Act) was signed into law on Aug. 16, 2022. The Act has implications from an accounting and financial reporting perspective that certain entities should consider. In this article, we provide an overview of some possible accounting impacts for corporate entities across three areas.
View MoreThe 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 MoreAs part of its ongoing work on the disclosure of cryptoassets, FASB has tentatively decided to use fair value to measure certain cryptoassets in financial reporting.
View MoreThe Securities and Exchange Commission recently adopted amendments to the electronic recordkeeping, prompt production of records and third-party recordkeeping service requirements applicable to broker-dealers, security-based swap dealers, and major security-based swap participants.
View MoreThe Financial Accounting Standards Board recently issued a proposed Accounting Standards Update intended to improve the 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 MoreAs technological advancements continue to break new ground, data increasingly becomes the most valuable currency in the world.
View MoreThe Financial Accounting Standards Board recently issued an Accounting Standards Update intended to enhance transparency about the use of supplier finance programs for investors and other allocators of capital.
View MoreTSCPA is partnering with Galasso Learning Solutions to deliver weekly video posts covering the latest developments in accounting and auditing.
View MoreThe Financial Accounting Standards Board continues its goal of clarifying accounting and reporting standards for public entities, private companies and not-for-profit organizations that follow Generally Accepted Accounting Principles.
View MoreThe Securities and Exchange Commission recently proposed rule changes to enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions.
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