A new ICAEW poll shows 90% of members want the UK government to prioritize tax simplification, citing complexity and inefficiency in current rules. The call comes as global accounting bodies, ...

The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the ...

FASB published an Accounting Standards Update that provides authoritative guidance on how an issuer should initially measure ...

The Financial Accounting Standards Board has voted unanimously to pursue a project extending the portfolio layer method of hedge accounting to certain liabilities. The change, long sought by insurers ...

The insurance industry has long sought the change for hedge accounting related to life insurance policies and other ...

The accounting standards update offers guidance on how an issuer should initially measure paid-in-kind dividends on ...

IN BRIEF FASB's recent guidance on accounting joint ventures, ASU 2023-5, is intended to resolve diversity in practice and ...

The crypto industry has called for more clarity on stablecoin, but some critics say treating the assets as cash incorrectly signals they are safer than they are.

Three investor advocates are asking the Financial Accounting Standards Board to reconsider guidance that allows private managers to write up the value of the secondaries they purchase, a practice they ...

Accounting standard-setter will propose that significant dollar amounts of stablecoins and other specific cash equivalents be ...

In the last couple of months of 2024, the FASB issued some “invitations to comment” intended to allow FASB stakeholders to express their views on whether or not the FASB should pursue the projects ...

FASB on Thursday issued a proposed new chapter of its Conceptual Framework related to the measurement of items recognized in financial statements. If finalized by FASB, the proposed chapter, Chapter 6 ...