Accounting standards

The Financial Accounting Standards Board is seeking comments on a practical expedient and an accounting policy election for stakeholders.

John Auchincloss will retire in September 2025 from the FAF. The search for his successor will begin immediately.

The Public Company Accounting Oversight Board introduced two pieces of guidance to help auditing firms apply its new quality control standard.

The ASU clarifies how the existing guidance would apply to settlements of convertible debt instruments with cash conversion and other features.

Byju's, once India's most valued startup, is fighting for its life in courts in India and the U.S.

The Governmental Accounting Standards Board issued an exposure draft on how to account for transactions that occur after the date of the financial statements.

The Financial Accounting Standards Board released a post-implementation review of its rev rec standard a decade after its implementation.

The American Institute of CPAs is still concerned about the Public Company Accounting Oversight Board's new firm and engagement metrics standard, despite some modifications from the original proposal.

The Governmental Accounting Standards Board is focusing on advancing its digital financial reporting taxonomy.

The Public Company Accounting Oversight Board voted to adopt new requirements to report on various metrics for the firm and its engagements.

Gabriela Figueiredo Dias has been reappointed for a second term through 2026, at the International Ethics Standards Board for Accountants.

The U.S. Defense Department failed for the seventh straight year to score a clean financial audit, highlighting the challenge of tracking the finances of a sprawling organization that has some $3.8 trillion in assets and $4 trillion in liabilities.

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.

The guide can help companies identify and disclose material information about sustainability-related risks and opportunities that could affect their cash flow.

Facing a backlash about its proposal to toughen standards for failing to detect noncompliance with laws and regulations, the board is putting off action on the standard.

Being careless in a company's early years can make it hard to change from non-GAAP to GAAP standards when preparing for an IPO, sale or other exit.

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.

The Carbon Disclosure Project and the Global Reporting Initiative plan to deepen their collaboration.