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.
Accounting September 24, 2024
AICPA Looks to Amend Standard on Financial Statement Preparation
Under the plan, CPAs wouldn't have to apply AR-C Section 70 when financial statements are prepared as a byproduct of a CAS engagement.
Accounting September 19, 2024
LeaseCrunch to Hold Webinar on GASB 87 and GASB 96
The webinar will take place on September 26 at 1:00 p.m. CDT.
Accounting Standards September 18, 2024
Executives Expect More Deepfake Attacks on Accounting and Financial Data
More than half of C-suite and other executives (51.6%) expect an increase in the number and size of deepfake attacks targeting their organizations’ financial and accounting data.
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Accounting Standards August 26, 2024
Tech Can Help Accountants Have Hobbies Again
Achieving a proper work-life balance is something that we need to constantly work at, but the right technology can bring a little more free time to an accountant's day-to-day life.
Accounting Standards August 19, 2024
Representatives from U.S. and Japan Accounting Boards Meet
They provided updates on their respective activities and discussed agenda items in which both boards have interest, such as the accounting for environmental credit programs and improving the Post-implementation Reviews process.
Accounting Standards July 29, 2024
Growth Seen in Pilot Program that Reduces Barriers to Finishing CPA Licensure Education Requirement
A program designed to ease attainment of the final 30 hours of the education requirement for CPA licensure has expanded since it began offering online courses last semester.
Accounting July 23, 2024
FASB Aims to Improve Derivative Accounting
Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments to the FASB on the proposed ASU.
Accounting July 15, 2024
FASB Wraps Up Work on Its Conceptual Framework By Issuing Final Chapter
Chapter 6 of the framework, issued by the FASB on July 12, pertains to the measurement of items recognized in financial statements.
Accounting Standards July 15, 2024
AICPA Comments and Requests to Testify on Foreign Trust Proposed Regulations
The submitted recommendations will simplify filing for taxpayers and practitioners, reduce the administrative burden on the IRS
Accounting July 12, 2024
AICPA Comments on Proposed Regs on Excise Tax on Repurchase of Corporate Stock
Section 4501(a) was enacted as part of the Inflation Reduction Act of 2022 and provides that a covered corporation is subject to “a tax equal to 1 percent of the fair market value of any stock of the corporation which is repurchased by such corporation during the taxable year.”
Accounting July 1, 2024
FASB Private Company Council Identifies 4 Priorities
The Private Company Council (PCC) met on Monday, June 24, 2024. Below is a summary of topics discussed by PCC and FASB members at the meeting:
Accounting Standards June 24, 2024
NetSuite Launches New Solution for HIPAA Compliance for Healthcare Entities
NetSuite SuiteSuccess Healthcare Edition is an industry-specific pre-configured solution with pre-defined role-based dashboards, reports, KPIs, and workflows.