Search for: "Financial Accounting Standards Board "
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26 Apr 2017, 4:06 pm
Section 820 of the National Defense Authorization Act for Fiscal Year 2017 (“NDAA”) establishes a new Defense Cost Accounting Standards Board (“D-CASB”) to oversee the application of the Cost Accounting Standards (“CAS”) to defense contracts. [read post]
4 Jul 2008, 12:14 am
My colleagues and I have prepared a memorandum summarizing the serious concerns raised for public companies by proposed amendments to the Financial Accounting Standards Board’s Statement of Financial Accounting Standards Number 5, dealing with loss contingencies. [read post]
21 Mar 2017, 4:14 pm
“The Banking Standards Board has today (Tuesday 28 February 2017) published good practice guidance for banks and building societies putting in place procedures to assess the fitness and propriety of staff under the new Certification Regime. [read post]
30 May 2019, 12:06 pm
Bricker is the principal advisor to the Commission on accounting and auditing matters, and leads the Commission's Office of the Chief Accountant, a group of professionals widely regarded for advancing the quality of accountancy and financial reporting oversight in the capital markets in the U.S. and internationally.He is responsible for assisting the Commission with discharging its oversight of the Financial Accounting Standards… [read post]
12 Aug 2010, 4:11 am
The International Accounting Standards Board (IASB) has published its draft proposals to improve accounting for insurance contracts. [read post]
17 May 2023, 12:30 pm
CFP Board Announces Imposed Sanctions on 22 Certified Financial Planners The CFP Board refers to the Certified Financial Planner Board of Standards, Inc. [read post]
28 Jul 2008, 5:20 am
Major news afoot from the accounting world as written up in Law.com's The Recorder: ... changes proposed by the Financial Accounting Standards Board that would force public companies to disclose more about the risks of litigation have caused a howl... [read post]
16 Nov 2021, 3:23 pm
On 28 October 2021, the Financial Accountability Regime Bill 2021 (Bill) was introduced into the House of Representatives to establish the much anticipated Financial Accountability Regime (FAR or the Regime). [read post]
5 Apr 2016, 4:13 am
Here’s a blog by Gibson Dunn’s Ron Mueller, Sean Feller and Krista Hanvey (also see these memos on CompensationStandards.com): On March 30, 2016, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2016-09, which amends ASC Topic 718, Compensation-Stock Compensation, to require changes to several areas of employee share-based payment accounting. [read post]
2 Apr 2009, 1:41 pm
FAS 157, the FASB rule which determines how financial institutions evaluate the value of their financial assets on their balance sheets has been brewing as a hot topic for a while and today moved to center stage based on a meeting of the Financial Standards Accounting Board which relaxed some of the guidelines on how this rule can be applied in the illiquid credit markets that we are now operating in now.Essentially, FAS 157 indicates how… [read post]
25 Jan 2011, 11:26 am
Leslie Seidman, new Chair of FASB, said that the Board is very committed to achieving a consistent set of global accounting standards with the IASB. [read post]
13 Jul 2022, 3:20 am
On Monday, the Financial Stability Board (FSB), a group of financial regulators, treasury officials and central bankers from the G-20 nations, announced that it will be proposing robust global rules for cryptocurrencies in October of this year. [read post]
27 Sep 2023, 12:45 pm
CFP Board Discloses Sanctions on Certified Financial Planners The Certified Financial Planner Board of Standards, Inc. [read post]
12 Aug 2008, 3:44 pm
Letters poured into the Financial Accounting Standards Board with last Friday's deadline for comments on "Disclosure of Certain Loss Contingencies--an amendment of FASB Statements No. 5 and 141(R). [read post]
27 Apr 2015, 10:49 am
Accounting Today reports that the Financial Accounting Standards Board has issued a proposed accounting standards update that would modify how nonprofits must report information in their financial statements and notes thereto. [read post]
20 Dec 2006, 5:11 am
Responding to complaints that the costs of the Sarbanes-Oxley Act were too high, the Public Company Accounting Oversight Board proposed a standard Tuesday aimed at allowing auditors to do less work — and charge less money — when assessing internal controls over financial reporting. [read post]
2 Feb 2016, 8:57 am
Standard Setters: White credited the Financial Accounting Standards Board (“FASB”) for establishing and improving accounting standards in the private sector. [read post]
20 Jun 2014, 3:30 am
What emerges is a sense of how accounting regulators, specifically the EU’s Accounting and Regulatory Committee (ARC), put in place unstable sets of accounting standards for financial instruments that were neither exactly what banks wanted, nor what the International Accounting Standards Board (IASB) as standard-setter wanted. [read post]
14 Jul 2012, 10:51 am
She believes that it would be very hard for the U.S. to handle the International Accounting Standards Board determining the federal tax base. [read post]
11 Apr 2024, 3:30 am
The core expectation of audit committees to oversee accounting and financial reporting remains, but for many companies, the scope of these expectations has grown to include oversight of issues such as cybersecurity and ESG. [read post]
