The Financial Accounting Standards Board appointed James Rotherham to its small business advisory committee. Rotherham is an audit partner with Baker Tilly in San Diego. read more

NOV 6, 2020 - 7:16 am

The Financial Accounting Standards Board issued a proposed accounting standards update that would clarify the scope of the FASB’s recent reference rate reform guidance. Stakeholders are asked to review and provide input on the proposed ASU by Nov. 13. read more

NOV 4, 2020 - 7:13 am

The FASB issued a proposed accounting standards update that would clarify an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified forwards and options (for example, warrants) that remain equity classified after modification. read more

OCT 27, 2020 - 7:10 am

The Financial Accounting Standards Board issued a proposed accounting standards update intended to improve three areas of the leases guidance. Stakeholders are encouraged to review and provide comments on the proposed changes by Dec. 4. read more

OCT 21, 2020 - 7:45 am

The Financial Accounting Standards Board appointed Hillary H. Salo to the role of director of technical activities and chair of the Emerging Issues Task Force. read more

MAY 28, 2020 - 6:30 am

The FAF Board of Trustees adopted improvements to the Post-Implementation Review process for new accounting standards created by the FASB and GASB. read more

MAY 14, 2020 - 6:25 am

ELFA submitted a comment letter to the FASB supporting a one-year effective date delay for certain stakeholders applying leases and revenue recognition guidance. read more

MAY 6, 2020 - 6:32 am

The Financial Accounting Standards Board issued an Accounting Standards Update granting a one-year effective date delay for time-sensitive standards. Stakeholders are encouraged to review and provide comment on the proposed ASU by May 6. read more

APR 22, 2020 - 6:25 am

The Financial Accounting Standards Board staff issued a Q&A document to address stakeholder questions on the application of the lease accounting guidance for concessions related to COVID-19. read more

APR 13, 2020 - 6:30 am

The Financial Accounting Standards Board postponed the date of its public roundtable discussion on the implementation of its accounting standard on leases. read more

MAR 13, 2020 - 6:30 am

The FASB issued an Accounting Standards Update that makes narrow-scope improvements to various aspects of the financial instruments guidance. read more

MAR 10, 2020 - 5:25 am

The Financial Accounting Standards Board scheduled a public roundtable discussion on April 9 to discuss the implementation of its accounting standard on leases. read more

MAR 6, 2020 - 6:30 am

The FASB issued an accounting standards update that clarified the interaction between accounting standards related to equity securities, equity method investments, and certain derivatives. read more

JAN 21, 2020 - 6:25 am

The Wall Street Journal reported that the Financial Accounting Standards Board will focus on two issues in 2020: differentiating liabilities from equity and improving the measurement of goodwill. read more

DEC 30, 2019 - 6:45 am

The Board of Trustees of the Financial Accounting Foundation appointed Richard R. Jones as the next chair of the Financial Accounting Standards Board. read more

DEC 20, 2019 - 5:45 am