SEC Commissioner Peirce Discusses SEC Proposal to Change SOX 404(b)
SEC Commissioner Hester M. Peirce recently discussed SEC rulemaking and its current agenda. As part of her remarks, Peirce discussed the SEC’s recent proposal to…
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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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GASB Revises Standards to Improve Reporting of Conduit Debt Obligations
The GASB has issued Statement No. 91, Conduit Debt Obligations. Statement 91 provides a single method for government issuers to report conduit debt obligations and related commitments.…
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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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SEC Proposes Amendments to the Accelerated and Large Accelerated Filer Definitions
The SEC voted to propose amendments to the accelerated filer and large accelerated filer definitions. The proposed amendments would reduce costs for certain lower-revenue companies…
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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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IASB Proposes Amendments for Interest Rate Benchmark Reform
The International Accounting Standards Board (IASB) has published the Exposure Draft, Interest Rate Benchmark Reform–Proposed amendments to IFRS 9 and IAS 39. The new Exposure…
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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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