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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
fasb

Accounting March 31, 2023 

Financial Accounting Standards Advisory Council Meeting Recap

The FASB chair provided highlights on FASB activities, and the SEC and PCAOB staff members commented on current issues and activities.

FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting

Accounting March 24, 2023 

FASB Issues Long-Awaited Exposure Draft on Crypto Asset Accounting

Board said fair value accounting was the right method for crypto assets, not the current cost-less-impairment model.

Jason Bramwell

FASB Sets Out Plan to Improve Income Tax Disclosures

Accounting March 16, 2023 

FASB Sets Out Plan to Improve Income Tax Disclosures

The proposed ASU addresses investor requests for more transparency about income tax information.

Jason Bramwell

FAF Now Provides Unfettered Online Access to FASB, GASB Accounting Standards

Accounting February 28, 2023 

FAF Now Provides Unfettered Online Access to FASB, GASB Accounting Standards

As a result of this change, the former “Professional View” paid subscription service has been eliminated.

GASB

Accounting February 6, 2023 

GASB Proposes New Guidance for Subscription-Based IT Services

If cleared as final implementation guidance, the question and answer in this supplemental Exposure Draft will be added to previously exposed questions and ...

Isaac M. O'Bannon

FASB Votes to Move Ahead with Proposed Crypto Asset Accounting Standard

Accounting February 3, 2023 

FASB Votes to Move Ahead with Proposed Crypto Asset Accounting Standard

Companies would be required to measure crypto assets, like Bitcoin and Ethereum, using fair value accounting.

Jason Bramwell

FAF Widens Access Online to FASB and GASB Standards

Accounting January 30, 2023 

FAF Widens Access Online to FASB and GASB Standards

FAF hasn’t set a firm date for this change to online access to accounting standards, but it’s expected this spring.

Jason Bramwell

FASB Decides to Defer Sunset Date of Reference Rate Reform Guidance

Accounting December 21, 2022 

FASB Decides to Defer Sunset Date of Reference Rate Reform Guidance

The ASU extends the period time for financial statement preparers to use the reference rate reform relief guidance.

Jason Bramwell

FASB Improves Certain Transition Requirements in Long-Duration Insurance Rules

Accounting December 19, 2022 

FASB Improves Certain Transition Requirements in Long-Duration Insurance Rules

The Accounting Standards Update approved by the FASB on Dec. 15 amends transition guidance in ASU No. 2018-12.

2023 GAAP Financial Reporting Taxonomy is Now Available, FASB Says

Accounting December 19, 2022 

2023 GAAP Financial Reporting Taxonomy is Now Available, FASB Says

The 2023 GAAP Financial Reporting Taxonomy is expected to be accepted as final by the SEC in early 2023.

FASB Looks to Tweak Guidance for Leases Under Common Control

Accounting December 1, 2022 

FASB Looks to Tweak Guidance for Leases Under Common Control

Comments on the proposed Accounting Standards Update can be submitted until Jan. 16, 2023.

Jason Bramwell

FASB Proposes New Conceptual Framework Chapter on Recognition and Derecognition

Accounting November 22, 2022 

FASB Proposes New Conceptual Framework Chapter on Recognition and Derecognition

Stakeholders are encouraged to review and provide comment on the proposed chapter by Feb. 21, 2023.

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