FASB Invitation to Comment Issued
The FASB issues Invitation to Comment (ITC) seeking stakeholder input on the accounting for certain identifiable intangible assets. This includes those acquired in a business combination…
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The FASB Proposes Amendments to CECL
The FASB issued a proposed Accounting Standards Update (ASU) that proposes narrow-scope amendments to CECL. Specifically, it addresses items raised by stakeholders in implementing ASU No.…
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FASB Simplifies the Accounting for Goodwill and Certain Identifiable Intangible Assets for NFPs
The FASB issues Accounting Standards Update (ASU) No. 2019-06, Intangibles—Goodwill and Other (Topic 350), Business Combinations (Topic 805), and Not-for-Profit Entities (Topic 958): Extending the Private…
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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 moreFASB 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…
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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…
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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…
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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…
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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…
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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…
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