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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 Staff Paper Provides Revenue Recognition Insights for Construction Contractors

Accounting April 1, 2025 

FASB Staff Paper Provides Revenue Recognition Insights for Construction Contractors

The Financial Accounting Standards Board released a staff educational paper that answers questions pertaining to applying revenue recognition guidance about presentation and disclosures to construction contracts that contain retainage or retention provisions.

Jason Bramwell

GASB Seeks Input on Disclosures for Severe Financial Stress and Probable Dissolution

Accounting March 31, 2025 

GASB Seeks Input on Disclosures for Severe Financial Stress and Probable Dissolution

The Governmental Accounting Standards Board issued a preliminary views document on March 31 regarding proposals associated with accounting and financial reporting for severe financial stress and probable dissolution disclosures.

Jason Bramwell

AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement

Accounting Standards March 31, 2025 

AICPA Committee Approves Clarification to Standard Related to Financial Statement Preparation as Part of a CAS Engagement

The revised language clarifies that while not required to be applied, the accountant is not precluded from applying AR-C section 70, in whole or in part. 

Isaac M. O'Bannon

wind-energy11

Accounting March 25, 2025 

E.U. Companies More Likely to Recognize Opportunities from Managing Climate Risks

A quarter of organizations with operations in the EU expressed a high or very high appreciation for strategic opportunities provided by effectively managing climate risks, compared to less than 10% of non-EU firms.

Isaac M. O'Bannon

SEC OKs 2025 FASB Taxonomies

Accounting March 19, 2025 

SEC OKs 2025 FASB Taxonomies

The SEC approved the 2025 GAAP Financial Reporting Taxonomy and two others, while the FASB finalized two additional taxonomies.

Jason Bramwell

Baldwin Appointed to Governmental Accounting Standards Advisory Council

Accounting Standards March 18, 2025 

Baldwin Appointed to Governmental Accounting Standards Advisory Council

Barbara Baldwin currently serves as the executive director of the Council of Internal Auditing for the State Budget and Management Office of the state of North Carolina.

FASB’s Private Company Council Releases First-Ever Annual Report

Accounting March 17, 2025 

FASB’s Private Company Council Releases First-Ever Annual Report

The PCC, the group that advises the Financial Accounting Standards Board on private company accounting matters, has published its 2024 Annual Report to highlight its accomplishments and activities.

Jason Bramwell

GASB Says Fair Value Standard Achieved Objectives

Accounting February 27, 2025 

GASB Says Fair Value Standard Achieved Objectives

A post-implementation review report released on Feb. 26 concluded the Governmental Accounting Standards Board's fair value measurement standard—Statement No. 72, Fair Value Measurement and Application—has met its objectives.

Jason Bramwell

Schneider Downs Achieves C3PAO Authorization to Conduct CMMC Certifications

Accounting Standards February 5, 2025 

Schneider Downs Achieves C3PAO Authorization to Conduct CMMC Certifications

The firm is one of only 54 CMMC C3PAOs nationwide to be authorized to conduct CMMC certification assessments for the Department of Defense's (DoD) program.

Isaac M. O'Bannon

FASB Names Four New Not-for-Profit Advisory Committee Members

Accounting January 29, 2025 

FASB Names Four New Not-for-Profit Advisory Committee Members

As a resource for the Financial Accounting Standards Board, the NAC obtains input from the not-for-profit sector on existing financial reporting guidance, current and proposed technical agenda projects, and longer-term or pervasive financial reporting matters affecting those organizations.

Jason Bramwell

Technology Solutions for FASB ASU 2023-09 Compliance

Accounting January 29, 2025 

Technology Solutions for FASB ASU 2023-09 Compliance

Three ways tax provision software can help organizations comply with FASB's standard on income tax disclosure requirements and five key factors to consider when choosing a solution.

FASB Proposes Codification Improvements

Accounting Standards January 22, 2025 

FASB Proposes Codification Improvements

The Financial Accounting Standards Board published a proposed Accounting Standards Update on Jan. 22 focused on targeted improvements to the FASB Accounting Standards Codification.

Jason Bramwell

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