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 …
#New accounting standard
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 …
IASB approves changes to DB reporting methods
The International Accounting Standards Board (IASB) has tentatively approved a series of proposed pensions accounting disclosures in a bid to address complaints that existing …
New accounting standard for leases to improve quality of financial info, says ICAI
NEW DELHI: The new accounting standard for leases will bring substantial visibility of companies’ lease commitments and improve the quality of financial information about …
