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Accounting Standards

FASB Names New Members to Its Not-for-Profit Advisory Committee

Accounting Standards January 14, 2026 

FASB Names New Members to Its Not-for-Profit Advisory Committee

The Financial Accounting Standards Board appointed six new members to its Not-for-Profit Advisory Committee, effective immediately.

Isaac M. O'Bannon

Featured Articles

December 18, 2025  

AI Transformation Opens Door for Finance Professionals to Build Future-Ready Skills

December 17, 2025  

FASB OKs Improvements to Accounting Standards Codification

December 17, 2025  

GASB Provides New Guidance on Reporting of Subsequent Events

December 15, 2025  

Accounting Organizations Unite Against Administration De-Listing Accounting as Professional Degree

December 8, 2025  

FASB Posts New Standard to Improve Interim Reporting
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Accounting January 11, 2024 

GASB Issues New Guidance on Risk Disclosures

The new statement is meant to provide financial statement users with information about certain risks when circumstances make a government vulnerable to a heightened possibility of loss or harm.

Isaac M. O'Bannon

FASB Adds Members to Not-for-Profit Committee

Accounting January 10, 2024 

FASB Adds Members to Not-for-Profit Committee

The Financial Accounting Standards Board (FASB) has announced the appointment of six new members to its Not-for-Profit Advisory Committee (NAC), effective January 1, 2024.

Isaac M. O'Bannon

The IIA Releases New Global Internal Audit Standards

Accounting Standards January 9, 2024 

The IIA Releases New Global Internal Audit Standards

The standards provide internal audit principles, requirements, and considerations for implementation in a streamlined format.

Isaac M. O'Bannon

FASB Adds New Members to Not-for-Profit Advisory Committee

Accounting January 5, 2024 

FASB Adds New Members to Not-for-Profit Advisory Committee

The Financial Accounting Standards Board (FASB) has appointed six new members to its Not-for-Profit Advisory Committee (NAC), effective January 1, 2024.

Isaac M. O'Bannon

Grant Thornton Supports Global Climate Reporting Standard

Accounting Standards January 4, 2024 

Grant Thornton Supports Global Climate Reporting Standard

The global consulting and accountancy firm Grant Thornton has issued a statement in support of a standard for global climate reporting.

Isaac M. O'Bannon

AICPA News – Jan. 2024

Accounting January 2, 2024 

AICPA News – Jan. 2024

AICPA News is a recap of recent announcements from the American Institute of CPAs.

Mary Girsch-Bock

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Accounting December 27, 2023 

AICPA Wants Changes to the Labor Department’s Retirement Security Rule

About 138,000 AICPA members advise individual, family and business owner clients on personal financial planning matters.

Isaac M. O'Bannon

FASB Accepting Comments on Proposed New Chapter of Its Conceptual Framework Measurement

Accounting Standards December 22, 2023 

FASB Accepting Comments on Proposed New Chapter of Its Conceptual Framework Measurement

The Conceptual Framework is a body of interrelated objectives and fundamentals that provides the FASB with a useful tool as it sets standards.

Isaac M. O'Bannon

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Accounting Standards December 20, 2023 

AICPA and NASBA Revise CPE Standards

Among the most significant changes is the addition of a virtual option under the Group Live instructional delivery method (provided certain additional requirements are met).

Isaac M. O'Bannon

FASB Issues One Last Proposed ASU to Close Out the Year

Accounting December 19, 2023 

FASB Issues One Last Proposed ASU to Close Out the Year

The proposed rules issued by the FASB on Dec. 19 focuses on induced conversions of convertible debt instruments.

Jason Bramwell

FASB Makes 2024 GAAP and SEC Taxonomies Available

Accounting December 19, 2023 

FASB Makes 2024 GAAP and SEC Taxonomies Available

Taxonomies on GAAP financial reporting, SEC reporting, and DQC rules were released by the FASB on Dec. 18.

Jason Bramwell

FASB Issues Standard That Enhances Income Tax Disclosures

Accounting Standards December 14, 2023 

FASB Issues Standard That Enhances Income Tax Disclosures

The ASU improves the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and...

Isaac M. O'Bannon

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