The Financial Accounting Standards Board released a new chapter Thursday of its Conceptual Framework describing a reporting entity. The new chapter will become Chapter 2 of FASB Concepts Statement No.

The US FASB is evaluating whether to expand its crypto accounting guidelines to include rules for crypto asset transfers.

The Financial Accounting Standards Board aims to improving the accounting for purchased loans as it confronts a potential ...

The guidance is intended to improve and clarify current guidance as opposed to fundamentally changing the nature of guidance in FASB ASC Topic 270, Interim Reporting. FASB published an Accounting ...

Impact Frontiers, a learning and market-building collaboration for investors, today announced the first official Founding Adopters of the Impact Performance Reporting Norms ("Reporting Norms"), a ...

Leaders with their finger on the pulse of sustainability reporting see an opportunity for accountants to create value. They also see that challenges such as interoperability and capacity building will ...

As the business world becomes closer in its financial and trade ties, many countries are moving towards International Financial Reporting Standards (IFRS), common accounting rules that define how ...

The government’s draft bill would merge standard setters and give ministers power to steer Australia’s reporting framework.

Rabiu Olowo, the chief executive officer (CEO) of the Financial Reporting Council of Nigeria (FRC), has concluded his tenure ...

What Is Accounting Changes and Error Correction? Accounting changes and error correction refers to guidance on reflecting accounting changes and errors in financial ...