Tag: FASB
SubscribeA Flurry of Audit Activity at PCAOB, FASB
There is no indication of the typical “summer slowdown” at the Public Company Accounting and Oversight Board or the Financial Accounting Standards Board. In fact, the PCAOB and FASB have been quite active in June, approving a slew of rule c...
Read MoreFASB Issues Long-Awaited Disclosure Standard
Roughly a month after the Financial Accounting Standards Board published its first accounting standard for the disclosure of crypto assets, companies and accountants seeking clarity on crypto matters, for the first time, have a standard tha...
Read MoreRegulatory Focus on Crypto Continues as FASB Tentatively Approves New Accounting Standards
In keeping with U.S. regulators’ efforts to get a grip on cryptocurrency, the Financial Accounting Standards Board last week tentatively approved much-anticipated rules affecting how businesses account for and disclose crypto assets. The ne...
Read MorePCAOB: Audits Getting Sloppier
The overall quality of audit work has been poor for years and is only getting worse, according to a recent report from the Public Company Accounting Oversight Board. The report detailed the preliminary findings of the PCAOB’s annual inspect...
Read MoreFASB Issues Proposed Update for Crypto Accounting
When it comes to regulating cryptocurrency, the federal government for roughly a decade has taken the de facto position of kicking the can down the road. Even though the task of defining what crypto is has flummoxed regulators, that hasn’t...
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