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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 Appoints New Member to its Emerging Issues Task Force

Accounting Standards August 25, 2025 

FASB Appoints New Member to its Emerging Issues Task Force

The mission of the EITF is to assist the FASB in improving financial reporting through the timely identification and development of proposed solutions to address financial accounting issues.

Isaac M. O'Bannon

Financial Accounting Foundation Names New Board Chair and New Executive Director

Accounting Standards August 19, 2025 

Financial Accounting Foundation Names New Board Chair and New Executive Director

The Financial Accounting Foundation (FAF) Board of Trustees has selected Dalia O. Blass to serve as its new board chair and appointed Erin Hill as the foundation’s new executive director.

Isaac M. O'Bannon

Illinois Adds Pathways to CPA Licensure

Accounting August 18, 2025 

Illinois Adds Pathways to CPA Licensure

The new law evolves Illinois’ CPA licensure framework in response to talent pipeline issues, shifting demographics, and changing financial and audit regulatory standards.

Isaac M. O'Bannon

Drake Software 4Color 570d15e32f475

Technology September 3, 2025  Sponsored

Archived Webinar: Navigating Ethical Responsibilities in a Tech-Driven World: Aligning AI Use with Circular 230 and Professional Ethics

This webinar explores the intersection of emerging technologies and professional standards, emphasizing how to align AI usage with Circular 230 and broader ethical frameworks.

AICPA News – August 2025

Accounting August 7, 2025 

AICPA News – August 2025

AICPA News is a round-up of recent announcements from the American Institute of CPAs.

Isaac M. O'Bannon, Mary Girsch-Bock

Bloomberg Tax Provision Releases Built-in ASU 2023-09 Rate Reconciliation Report

Accounting Standards August 6, 2025 

Bloomberg Tax Provision Releases Built-in ASU 2023-09 Rate Reconciliation Report

Bloomberg Tax has announced a significant enhancement to its Provision software with the introduction of a new rate reconciliation report designed to adhere with the latest FASB Accounting Standards Update.

Isaac M. O'Bannon

OneBill Rolls Out Revenue Recognition and Compliance Solution

Technology August 6, 2025 

OneBill Rolls Out Revenue Recognition and Compliance Solution

The new solution from OneBill, RevRec360, is designed for accounting and finance teams navigating complex revenue models.

Jason Bramwell

FASB Releases 2025 Investor Outreach Report

Accounting August 5, 2025 

FASB Releases 2025 Investor Outreach Report

Staff from the Financial Accounting Standards Board engaged in more than 400 investor interactions over the year that ended June 30, 2025, according to FASB's latest Investor Outreach Report.

Jason Bramwell

FASB OKs New Credit Losses Guidance for Accounts Receivable, Contract Assets

Accounting July 30, 2025 

FASB OKs New Credit Losses Guidance for Accounts Receivable, Contract Assets

The Financial Accounting Standards Board issued new optional guidance on July 30 regarding the measurement of credit losses for accounts receivable and contract assets.

Jason Bramwell

Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Bilateral Meeting

Accounting Standards July 18, 2025 

Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Bilateral Meeting

The meeting was the thirty-fifth in a series of meetings between the FASB and the ASBJ to further the boards’ cooperative efforts to develop high-quality global accounting standards.

Isaac M. O'Bannon

Crunchafi to Share Practical ASC 842 Strategies at July Conferences

Accounting July 10, 2025 

Crunchafi to Share Practical ASC 842 Strategies at July Conferences

Crunchafi will present in two key accounting conferences this month, offering actionable strategies to navigate the ongoing complexities of ASC 842.

Isaac M. O'Bannon

Fraud21

Accounting July 7, 2025 

AICPA Seeks Comment on Proposed Update to Auditors’ Responsibilities Related to Fraud

The proposed Statement on Auditing Standards contains a number of changes, including the establishment of required procedures for when an auditor has identified fraud or suspected fraud.

Isaac M. O'Bannon

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