Accounting Standards January 14, 2026
FASB Names New Members to Its Not-for-Profit Advisory Committee
The Financial Accounting Standards Board appointed six new members to its Not-for-Profit Advisory Committee, effective immediately.
May 11, 2015
AICPA Letter to FAF Commends Organization, Makes Recommendations
The American Institute of Certified Public Accountants (AICPA) appreciates the opportunity to review and provide input into the February 2015 Request for Comment (Request) on the Financial Accounting Foundation’s Three-Year Review of the Private ...
May 4, 2015
Guide Helps Firms Comply with New Accounting Standard
Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements in response to the new financial statement preparation service introduced by the Accounting and Review Services Committee of the AICPA.
April 14, 2015
SAP Offers Solution for New Accounting and Reveue Recognition Standards
SAP SE has released the SAP Revenue Accounting and Reporting application, which specifically addresses both requirements derived from this new accounting standard as well as generic and existing requirements related to revenue recognition across various
March 10, 2015
SEC Adopts 2015 GAAP Financial Reporting Taxonomy
The U.S. Securities and Exchange Commission (SEC) has adopted the 2015 GAAP Financial Reporting Taxonomy, the agency reported on Monday. The 2015 GAAP Taxonomy is available online.
February 18, 2015
FASB Issues Standards Update for Consolidation Guidance
The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and ...
January 28, 2015
FASB and PCC to Hold Private Company “Town Hall” at Southern Methodist University
The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) will host their fourth Private Company Town Hall Meeting on April 28, 2015, at Southern Methodist University in Dallas, Texas. The town hall meeting will take place from
December 29, 2014
FASB Issues Alternative Accounting Standard on Intangible Assests
The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding accounting for identifiable intangible assets in a business combination. FASB Accounting Standards Update No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination, is based on a consensus reached by the Private Company...…
November 26, 2014
GASB Issues Standards for Lease Accounting by Governmental Entities
The Governmental Accounting Standards Board (GASB) has issued for public comment a Preliminary Views, Leases, which includes proposals to improve the accounting and financial reporting for leases for state and local governments from both a lessee ...
November 25, 2014
GASB Issues Preliminary Views on Reporting Government Fiduciary Responsibilities
The Governmental Accounting Standards Board (GASB) has issued for public comment a Preliminary Views, Financial Reporting for Fiduciary Responsibilities.
October 21, 2014
AICPA Modernizes Non-Audit Standards for Accountants in Public Practice
AICPA to introduce Statement on Standards for Accounting and Review Services No. 21 (SSARS No. 21), which is one of the most significant revisions in non-audit standards in the last 35 years.
October 8, 2014
UN Coalition Considers Financial Reporting Rules on Disaster Resilience
A new initiative to examine climate risk stress testing for banking and securities regulation and accounting practices was recently unveiled at the UN Climate Summit in New York by public and private sector organizations working together in response to th
September 3, 2014
FASB Releases Proposed 2015 GAAP Financial Reporting Taxonomy
The Financial Accounting Standards Board (FASB) has released the proposed 2015 GAAP Financial Reporting Taxonomy for public review and comment. The deadline to submit written comments is October 31, 2014.