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Accounting Standards

AICPA Urges OCC to Leverage Established Stablecoin Reporting and Controls Criteria in GENIUS Act Rulemaking

Accounting Standards May 5, 2026 

AICPA Urges OCC to Leverage Established Stablecoin Reporting and Controls Criteria in GENIUS Act Rulemaking

To address growing demand for clarity and consistency in stablecoin reporting, the AICPA released the 2025 Criteria for Stablecoin Reporting in two parts.

Featured Articles

April 23, 2026  

FASB OKs New Guidance on Paid-in-Kind Dividends

April 13, 2026  

GASB Mulls Changing Structure for How GAAP is Communicated to State and Local Governments

April 9, 2026  

GASB Looks to Improve Guidance on Infrastructure Assets

March 16, 2026  

Unlocking Green Finance for SMEs Starts with Better Data

February 26, 2026  

GASB Seeks Comments on Updated Guidance for Financial Reporting Model Improvements
FAF Wants to Know How the Private Company Council Can Be More Effective

Accounting March 1, 2024 

FAF Wants to Know How the Private Company Council Can Be More Effective

As part of its effectiveness review of the PCC, the Financial Accounting Foundation is soliciting feedback from stakeholders.

Jason Bramwell

Financial Accounting Foundation Names New Vice Chair and Members of GASAC

Accounting Standards March 1, 2024 

Financial Accounting Foundation Names New Vice Chair and Members of GASAC

Lisa Washburn was appointed GASAC vice chair and David Goldman and Deborah L. Miller were appointed to the council.

Isaac M. O'Bannon

AICPA & CIMA Join International Initiatives to Support Implementation of IFRS Sustainability Disclosure Standards

Accounting Standards February 23, 2024 

AICPA & CIMA Join International Initiatives to Support Implementation of IFRS Sustainability Disclosure Standards

The two initiatives are designed to raise global awareness about the IFRS Sustainability Disclosure Standards and support implementation of them.

Isaac M. O'Bannon

COSO Appoints First Executive Director

Accounting Standards February 18, 2024 

COSO Appoints First Executive Director

COSO has provided thought leadership and guidance for organizations in areas of internal control, enterprise risk management, fraud deterrence, and governance.

Isaac M. O'Bannon

AICPA Wants BOI Rule Suspended

Accounting Standards February 15, 2024 

AICPA Wants BOI Rule Suspended

Despite the AICPA’s extensive efforts, in coordination with many other stakeholders, to inform small businesses of their new obligations concerning BOI reporting, many remain broadly unaware of their reporting requirement.

Isaac M. O'Bannon

FAF Redesigns FASB Website

Accounting January 23, 2024 

FAF Redesigns FASB Website

Revamped websites for the Financial Accounting Foundation and the GASB will also be going live in the coming weeks.

Jason Bramwell

gasb

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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