Accounting Standards December 11, 2025
AICPA News – Dec. 2025
AICPA News is a round-up of recent announcements from the American Institute of CPAs, the Association of International CPAs, and the Chartered Institute of Management Accountants (CIMA).
October 6, 2015
25% of Global Companies Say They Won’t Meet BEPS Deadline
Finance ministers for the G20 countries called on the OECD to develop the BEPS Action Plan to help nations align their corporate tax policies. This week, the OECD will present the plan to the G20 finance ministers in Lima, Peru.
September 30, 2015
FASB Seeks Changes to Financial Statement Disclosures Required by GAAP
The Financial Accounting Standards Board (FASB) has issued two exposure drafts related to its disclosure framework project. The public, including accounting professionals and other stakeholders, have until December 8, 2015, to review and comment on ...
September 23, 2015
New Standards Set for Sustainable Accounting
The standards help companies disclose sustainability information that is likely to be material. Example disclosure topics for these industries include management of chemicals in products, data security, labor conditions in the supply chain, and ...
September 3, 2015
2016 GAAP Financial Reporting Taxonomy Open for Comment and Review
FASB also offers free CPE webcast to look at taxonomy changes, simplification and guidance issues.
September 2, 2015
Oregon Implements Automated Fuel Sales Tax Reporting System
Oregon can now support e-filing and online payment of motor fuel tax returns and refunds for thousands of companies doing business in the state. The system also helps simplify reporting of city and county fuel taxes by consolidating 15 different tax ...
August 3, 2015
Free Report Focuses on Compliance with New SSARS 21 Standards
A new report called The Potential Pitfalls of SSARS 21 is now available from Thomson Reuters Checkpoint. The report focuses on significant changes to the Statements on Standards for Accounting and Review Services (SSARS) to help CPAs avoid potential ...
June 30, 2015
Group Offers Sustainability Accounting Standards for Consumption Industries
Example disclosure topics include food safety, labeling & marketing integrity, climate change adaptation, and supply chain management. The standards average six topics per industry, and 71 percent of metrics are quantitative.
June 10, 2015
AICPA Makes Recommendations to IRS on Accounting Method Changes
The AICPA recommended that to the extent taxpayers may make accounting method changes for mischaracterized R&E expenditures with a section 481(a) adjustment they should receive audit protection for prior years.
May 11, 2015
AICPA Letter to FAF Commends Organization, Makes Recommendations
The American Institute of Certified Public Accountants (AICPA) appreciates the opportunity to review and provide input into the February 2015 Request for Comment (Request) on the Financial Accounting Foundation’s Three-Year Review of the Private ...
May 4, 2015
Guide Helps Firms Comply with New Accounting Standard
Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements in response to the new financial statement preparation service introduced by the Accounting and Review Services Committee of the AICPA.
April 14, 2015
SAP Offers Solution for New Accounting and Reveue Recognition Standards
SAP SE has released the SAP Revenue Accounting and Reporting application, which specifically addresses both requirements derived from this new accounting standard as well as generic and existing requirements related to revenue recognition across various
March 10, 2015
SEC Adopts 2015 GAAP Financial Reporting Taxonomy
The U.S. Securities and Exchange Commission (SEC) has adopted the 2015 GAAP Financial Reporting Taxonomy, the agency reported on Monday. The 2015 GAAP Taxonomy is available online.