Implementation Guidance—FASB’s Continuing Challenge
Providing implementation guidance about the application of accounting standards has always been a challenging issue for the FASB. Is there enough guidance? Is there …
FASB
New Accounting Rules Limit Transparency And Harm Investors
The focus of this report is on recent GAAP and SEC rule changes made in the name of reduced complexity and simplification, but we …
FASB proposes delaying insurance standard
The Financial Accounting Standards Board formally issued a proposed accounting standards update Wednesday to delay the effective date of its long-duration insurance standard to give companies …
Banks, Insurers Could Get Reprieve on Major Accounting Changes
The Financial Accounting Standards Board plans to vote on July 17 to delay by at least a year the deadline for small public banks, …
FASB’s New Accounting Model For Life Insurers Seeks Greater Transparency
A new accounting standard issued by the Financial Accounting Standards Board (FASB) should make it easier for investors to compare companies that sell long-duration …
