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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
IASB Issues Revised Practice Statement on Management Commentary

Accounting Standards June 23, 2025 

IASB Issues Revised Practice Statement on Management Commentary

The revised Practice Statement supports improvements to and greater global alignment in management commentary and narrative reports accompanying the financial statements.

GASB Provides Guidance to Assist Stakeholders with Application of its Pronouncements

Accounting Standards June 23, 2025 

GASB Provides Guidance to Assist Stakeholders with Application of its Pronouncements

The guide contains new questions and answers that address application of GASB standards on leases, accounting changes and error corrections, conduit debt obligations, and cash flows reporting, among others.

Isaac M. O'Bannon

IFRS Foundation Publishes Guidance on Disclosures About Transition Plans

Accounting Standards June 23, 2025 

IFRS Foundation Publishes Guidance on Disclosures About Transition Plans

The document builds on disclosure-specific material developed by the Transition Plan Taskforce (TPT), for which the IFRS Foundation took responsibility in 2024.

Isaac M. O'Bannon

AICPA Seeks Comment on Proposed Criteria for Stablecoin Controls

Accounting Standards June 16, 2025 

AICPA Seeks Comment on Proposed Criteria for Stablecoin Controls

The American Institute of CPAs (AICPA) is reinforcing its role as a leading voice in the treatment of digital assets by providing a framework for controls over stablecoins.

Isaac M. O'Bannon

FASB OKs Update to Guidance on Share-Based Consideration Payable to a Customer

Accounting May 15, 2025 

FASB OKs Update to Guidance on Share-Based Consideration Payable to a Customer

The Financial Accounting Standards Board issued an Accounting Standards Update on May 15 that clarifies accounting guidance for share-based consideration payable to a customer in conjunction with selling goods or services.

Jason Bramwell

FASB Issues Standard Clarifying Accounting Acquirer in a Business Combination

Accounting May 12, 2025 

FASB Issues Standard Clarifying Accounting Acquirer in a Business Combination

The Financial Accounting Standards Board published new rules on May 12 that the board says improve the requirements for identifying the accounting acquirer in FASB ASC Topic 805, Business Combinations.

Jason Bramwell

FASB Proposes Standard to Improve Debt Exchange Accounting

Accounting Standards May 1, 2025 

FASB Proposes Standard to Improve Debt Exchange Accounting

The Financial Accounting Standards Board issued a proposed ASU on April 30 that would provide accounting guidance for debt exchange transactions involving multiple creditors.

Jason Bramwell

UWorld Awards Nearly $30,000 in Spring Accounting & Finance Scholarships, Opens Fall Applications

Accounting Standards April 22, 2025 

UWorld Awards Nearly $30,000 in Spring Accounting & Finance Scholarships, Opens Fall Applications

Three undergraduates, four graduate students, and three working professionals will be granted complimentary access to UWorld’s CPA Elite-Unlimited Course, CMA Elite-Unlimited Course, or a CFA Elite Course for Level 1, 2, or 3.

Isaac M. O'Bannon

FASB Not-for-Profit Advisory Committee Meeting Recap

Accounting April 17, 2025 

FASB Not-for-Profit Advisory Committee Meeting Recap

The FASB Not-for-Profit (NFP) Advisory Committee (the Committee) held its semiannual meeting on Thursday, March 20, 2025. The topics discussed included the following.

Isaac M. O'Bannon

Financial Accounting Foundation Issues Annual Report 

Accounting April 17, 2025 

Financial Accounting Foundation Issues Annual Report 

The report also includes perspectives from Financial Accounting Foundation leaders, who provide the oversight and accountability that are fundamental to the standard-setting process.

Isaac M. O'Bannon

Georgia Reforms CPA Licensure Process, Broadens Professional Mobility

Accounting April 8, 2025 

Georgia Reforms CPA Licensure Process, Broadens Professional Mobility

This legislation introduces significant reforms to the CPA licensure process and broadens practice privilege mobility, reflecting Georgia's commitment to a dynamic and accessible accounting profession.

Isaac M. O'Bannon

Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools

Accounting April 4, 2025 

Xero and Sumday Partner to Give Users 12 Months of Free Carbon Accounting Tools

This offering also provides small businesses and their accounting and bookkeeping partners with valuable training, templates and resources to enhance their carbon accounting skills. 

Isaac M. O'Bannon

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