Photograph of skyscrapers with glass windows from the ground facing up to a blue sky

Category: Rules & Regs

Cryptocurrencies fair value accounting.

FASB (Finally) Backs Fair-Value Accounting for Cryptocurrency Assets

Cryptocurrencies fair value accounting.

Cryptocurrency enthusiasts don’t exactly seem like rule-following types. In fact, defying convention likely makes up much of crypto’s appeal for many digital-token owners. Pesky things like accounting standards probably don’t even show up o...

Read More
Lawyers on a classic Riverboat with heavy clouds in background

U.S. Government Officials Move to Curb Money Laundering

Lawyers on a classic Riverboat with heavy clouds in background

This year, America said goodbye to its favorite money-laundering family with the final season of the Netflix drama “Ozark.” The Byrde family – Wendy, Marty, Charlotte and Jonah – introduced casual viewers to the art of washing drug dealers’...

Read More
FASB Members Shaking Hands

Financial Accounting Standards Board Nearing New Disclosure Rules for Joint Ventures

FASB Members Shaking Hands

In August, Honda and LG Energy Solution revealed that they would be investing $4.4 billion to  develop a U.S. electric-vehicle battery factory. The automaker and battery company are taking part in an increasingly popular U.S. corporate arra...

Read More
Monochrome dime on palm

Justice Department to Enhance Corporate Criminal Enforcement Efforts

Monochrome dime on palm

As the Biden administration presses for tougher white-collar compliance enforcement, the federal government appears to be using a classic carrots-and-sticks approach in a new bid to root out corporate crime. First, the sticks. Deputy Attorn...

Read More
Formal audit inspection of a man in suit with gloves

Breaking Down the PCAOB’s Five-Year Strategic Plan

Formal audit inspection of a man in suit with gloves

Since Erica Williams became chair of the Public Company Accounting Oversight Board in January, the organization has taken a proactive stance towards its mission of holding corporate auditors accountable. To that end, the PCAOB released what...

Read More