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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
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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

FASB Issues Standard to Improve the Accounting for and Disclosure of Certain Crypto Assets

Accounting Standards December 13, 2023 

FASB Issues Standard to Improve the Accounting for and Disclosure of Certain Crypto Assets

The new standard responds to feedback from stakeholders of all backgrounds who indicated that improving the accounting for and disclosure of crypto assets should be a top priority for the board.

Isaac M. O'Bannon

FASB Issues New Rules on Segment Reporting

Accounting November 27, 2023 

FASB Issues New Rules on Segment Reporting

The guidance will provide investors with additional useful information about a public company's segment expenses, the FASB says.

Jason Bramwell

New Jersey Society of CPAs Announces CPA Exam Lottery Winners

Accounting Standards November 20, 2023 

New Jersey Society of CPAs Announces CPA Exam Lottery Winners

The annual lottery, which launched in 2019, was created to partially offset the cost of preparing for and taking the CPA Exam.

Isaac M. O'Bannon

FASB Issues Disclosure Improvements in Response to the SEC’s Disclosure Update and Simplification Initiative

Accounting October 9, 2023 

FASB Issues Disclosure Improvements in Response to the SEC’s Disclosure Update and Simplification Initiative

The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics.

Isaac M. O'Bannon

FASB to Host Public Roundtable on Proposal to Improve Disclosures around Income Statement Expenses

Accounting October 4, 2023 

FASB to Host Public Roundtable on Proposal to Improve Disclosures around Income Statement Expenses

The Financial Accounting Standards Board (FASB) will host a public roundtable on its July 2023 proposed Accounting Standards Update (ASU).

Isaac M. O'Bannon

FASB OKs New Crypto Assets Standard

Accounting September 7, 2023 

FASB OKs New Crypto Assets Standard

The new rules will require certain cryptocurrency assets, such as Bitcoin and Ethereum, to be measured at fair value.

Jason Bramwell

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