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.
accounting rules
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.
FASB Decides on Accounting Method for Crypto Assets
Companies should measure crypto assets, like Bitcoin and Ethereum, using fair value accounting, the FASB said.
CPAs and Auditors Alerted to New SEC Rules on Financial Statements and A&A Engagements
The alert outlines rules applicable to financial statement audit and attestation engagements undertaken for non-issuers.