The Financial Accounting Standards Board set new requirements, but walked back what businesses need to disclose from last ...

The International Auditing and Assurance Standards has posted new documents to help jurisdictions implement its recent ...

Brex reports AI is transforming accounting by automating tasks, enhancing accuracy, and providing real-time insights, ...

The Financial Accounting Standards Board (FASB) approved on Wednesday a proposal to unify its accounting standards for environmental credits, carbon offsets, and renewable energy credits (RECs), ...

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly ...

The Financial Accounting Standards Board’s (FASB’s) new lease accounting standard will become effective for private companies and not-for-profits beginning with fiscal years that start after ...

A wave of significant accounting standard setting has created heavy compliance burdens that many company finance departments are struggling to handle. Just 37% of more than 140 companies surveyed by ...

With the new lease standard, Financial Accounting Standards Board (FASB) ASC 842, soon to be in effect for private companies with fiscal years beginning after Dec. 15, 2021, now is the time for ...

By Mandi Simpson, CPA, and Kristin Orrell, CPA Given new standards, changes in the economy, and corporate trends, accounting and financial reporting seem to grow more complex every year.

Definition of Accounting Standards Codification. The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S ...

More important, the S.E.C. should permit corporations with publicly traded stock to have the option of basing their accounting statements on either the U.S. or international accounting standards.