Accounting standards

For companies considering a transition to IFRS, careful planning is critical

Tracing the few moments of liberation in the standard-setter's history

Answers, and details, on the first big deadline of the ACA

Earlier this month the Securities and Exchange Commission adopted final rules regarding the registration of municipal advisors under the Dodd-Frank Act that included an exemption for accountants who provide a range of audit and attest services.

The Private Company Council has released the agenda of its next public meetings, which are scheduled for September 30 and October 1.

Debunking the myth of the $100-per-day fine for not providing ACA-related information to employees

The Financial Accounting Standards Advisory Council, the main advisory group for the Financial Accounting Standards Board, has released the results of a recent survey soliciting views about FASB’s future agenda, revealing pent-up demand for addressing issues such as financial disclosures, hedging and simplification of FASB’s Codification of U.S. GAAP.

Financial Accounting Standards Board chairman Russell Golden marked FASB’s 40th anniversary in his first major speech since taking over the chairmanship in July, outlining the changes he plans for the standard-setting board.

The Financial Accounting Standards Board voted Wednesday to issue an exposure draft with proposals to improve financial reporting about public and private development-stage entities., easing the requirements for revenue recognition and measurement and other areas

The Public Company Accounting Oversight Board proposed for public comment a new auditing standard and related amendments to enhance the auditor's reporting model in mid-August.

The Financial Accounting Standards Board has issued a proposal that would exempt many private companies from applying the stringent consolidation guidance under U.S. GAAP to leasing companies under common control.

The board of trustees of the Financial Accounting Foundation, which oversees the Governmental Accounting Standards Board, issued a proposal Tuesday to change GASB’s scope of authority by altering the definition of “financial accounting and reporting information,” and released the results of its latest post-implementation review of GASB standards.

The trade association representing credit unions believes that the Financial Accounting Standards Board’s recent proposal to redefine the meaning of a public business entity could open the door to more appropriate accounting standards for credit unions.

The Financial Accounting Standards Board issued for public comment Wednesday a proposal that would define a public business entity.

Governmental Accounting Standards Board chairman David Vaudt and Financial Accounting Standards Board chairman Russell Golden discuss how they are working together on initiatives such as leasing and pension standards, communicating about accounting standards in a more understandable way, and reaching out to key stakeholders for input, in a joint interview with Accounting Today editor-in-chief Daniel Hood.

Governmental Accounting Standards Board chairman David Vaudt talks about his plans as GASB's new leader and the board's agenda for pension standards, post-employment benefits in the retiree health care area, and the need to provide useful information for elected officials and government policymakers, in an interview with Accounting Today editor-in-chief Daniel Hood.

Russell Golden, the newly appointed chairman of the Financial Accounting Standards Board, will be overseeing a board that will be dealing with a new uncertain environment in which it will be only one of a number of standard-setters from around the world working together in a more multilateral way to decide on future standards for the profession to follow.

The Financial Accounting Standards Board and the International Accounting Standards Board said Friday they plan to create a joint group to help companies and their accountants make the transition to the upcoming final converged standard on revenue recognition.

The International Auditing and Assurance Standards Board has released proposals aimed at fundamental transformation of the structure of the future auditor’s report with the goal of communicating better to users such as investors and financial analysts.

The American Institute of CPAs has issued an exposure draft resulting from AICPA’s Attestation Clarity Project in an effort to clarify the professional standards it uses for attestation engagements.