IASB Proposes Amendments to Four IFRS Standards
The IASB has published proposed narrow-scope amendments to four IFRS Standards as part of its maintenance and improvements of Standards. Background Annual improvements are limited…
read more
FASB Issues Targeted Transition Relief for Financial Instruments Credit Losses Standard
The FASB has issued Accounting Standards Update (ASU) No. 2019-05, Financial Instruments—Credit Losses (Topic 326): Targeted Transition Relief. This new ASU is designed to ease the transition…
read more
FASB Issues Proposal to Simplify Accounting for Income Taxes
The FASB has issued a proposed Accounting Standards Update (ASU) intended to reduce cost and complexity for the accounting for income taxes. The proposal is…
read more
FASB Proposes Disclosure Improvements
The FASB has issued the Proposed Accounting Standards Update (ASU), Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. Comments are…
read more
SEC Proposes Improvement to Disclosures for Acquisitions and Dispositions
The SEC is proposing for public comment amendments to improve information investors receive regarding the acquisition and disposition of businesses. The proposal facilitates more timely access…
read more
FASB Issues Narrow-Scope Improvements to Financial Instruments Standard
ASU No. 2019-04 The FASB has issued Accounting Standards Update (ASU) No. 2019-04, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and…
read more
Credit Losses on Financial Instruments: Changes Issued and Changes Proposed
The FASB is making a number of targeted changes to its new standard related to accounting for credit losses on financial instruments known as the…
read more
FASB Proposes Improvements to Income Tax Disclosures
The FASB has issued revised proposed Accounting Standards Update (ASU), Income Taxes (Topic 740) – Disclosure Framework—Changes to the Disclosure Requirements for Income Taxes –…
read more
SEC Publishes Securities Transaction Fee Rate Advisory
The SEC announced that starting on April 16, 2019, the fee rates applicable to most securities transactions will be set at $20.70 per million dollars.…
read more
FASB Improves Accounting for Series Television
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) No. 2019-02, Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles—Goodwill and Other (Subtopic 920-350):…
read more