Accounting July 10, 2025
Crunchafi to Share Practical ASC 842 Strategies at July Conferences
Crunchafi will present in two key accounting conferences this month, offering actionable strategies to navigate the ongoing complexities of ASC 842.
Accounting July 10, 2025
Crunchafi to Share Practical ASC 842 Strategies at July Conferences
Crunchafi will present in two key accounting conferences this month, offering actionable strategies to navigate the ongoing complexities of ASC 842.
Accounting July 7, 2025
AICPA Seeks Comment on Proposed Update to Auditors’ Responsibilities Related to Fraud
The proposed Statement on Auditing Standards contains a number of changes, including the establishment of required procedures for when an auditor has identified fraud or suspected fraud.
Accounting Standards June 23, 2025
IASB Issues Revised Practice Statement on Management Commentary
The revised Practice Statement supports improvements to and greater global alignment in management commentary and narrative reports accompanying the financial statements.
Accounting Standards June 23, 2025
GASB Provides Guidance to Assist Stakeholders with Application of its Pronouncements
The guide contains new questions and answers that address application of GASB standards on leases, accounting changes and error corrections, conduit debt obligations, and cash flows reporting, among others.
Accounting Standards June 23, 2025
IFRS Foundation Publishes Guidance on Disclosures About Transition Plans
The document builds on disclosure-specific material developed by the Transition Plan Taskforce (TPT), for which the IFRS Foundation took responsibility in 2024.
Accounting Standards June 16, 2025
AICPA Seeks Comment on Proposed Criteria for Stablecoin Controls
The American Institute of CPAs (AICPA) is reinforcing its role as a leading voice in the treatment of digital assets by providing a framework for controls over stablecoins.
Accounting May 15, 2025
FASB OKs Update to Guidance on Share-Based Consideration Payable to a Customer
The Financial Accounting Standards Board issued an Accounting Standards Update on May 15 that clarifies accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.
Accounting May 12, 2025
FASB Issues Standard Clarifying Accounting Acquirer in a Business Combination
The Financial Accounting Standards Board published new rules on May 12 that the board says improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations.
Accounting Standards May 1, 2025
FASB Proposes Standard to Improve Debt Exchange Accounting
The Financial Accounting Standards Board issued a proposed ASU on April 30 that would provide accounting guidance for debt exchange transactions involving multiple creditors.
Accounting Standards April 22, 2025
UWorld Awards Nearly $30,000 in Spring Accounting & Finance Scholarships, Opens Fall Applications
Three undergraduates, four graduate students, and three working professionals will be granted complimentary access to UWorld’s CPA Elite-Unlimited Course, CMA Elite-Unlimited Course, or a CFA Elite Course for Level 1, 2, or 3.
Accounting April 17, 2025
FASB Not-for-Profit Advisory Committee Meeting Recap
The FASB Not-for-Profit (NFP) Advisory Committee (the Committee) held its semiannual meeting on Thursday, March 20, 2025. The topics discussed included the following.
Accounting April 17, 2025
Financial Accounting Foundation Issues Annual Report
The report also includes perspectives from Financial Accounting Foundation leaders, who provide the oversight and accountability that are fundamental to the standard-setting process.