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Tag: FASB

measuring tapes

FASB Eyes Standardizing Key Performance Indicators

measuring tapes

As part of its process to narrow priorities for 2025, the Financial Accounting Standards Board in November invited stakeholders to weigh in on whether certain financial key performance indicators – better known as KPIs – should be standardi...

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Beehive

A Flurry of Audit Activity at PCAOB, FASB

Beehive

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...

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western rancher's gate

FASB Issues Long-Awaited Disclosure Standard

western rancher's gate

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...

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Two arms making thumbs-up signals

Regulatory Focus on Crypto Continues as FASB Tentatively Approves New Accounting Standards

Two arms making thumbs-up signals

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...

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Kids sloppily eating ice cream

PCAOB: Audits Getting Sloppier

Kids sloppily eating ice cream

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...

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