Thursday, December 08. 2022

FASB Staff Releases Proposed GAAP Taxonomy Enhancements for Proposed ASU Regarding Leases (Topic 842), Solicits Comment

On November 30th, the Financial Accounting Standards Board (FASB) released for comment the proposed GAAP taxonomy improvements for the proposed Accounting Standards Update (ASU), which is aimed at improving accounting guidance for lease arrangements between entities under common control. Continue reading "FASB Staff Releases Proposed GAAP Taxonomy..." »
Posted by
LeAnn Dey
in Accounting, FASB News, US GAAP Taxonomy at 08:42

Financial Accounting Foundation Releases New Strategic Plan

The Board of Trustees of the Financial Accounting Foundation (FAF) has released the final version of its new strategic plan. The FAF is the organization that oversees the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB). Because stakeholder feedback is the foundation of the organization’s work, the new strategic plan is based on extensive engagement with stakeholders via comment letters, an online survey, and a number of individual interviews. Continue reading "Financial Accounting Foundation Releases New..." »
Posted by
LeAnn Dey
in Accounting, FASB News, Investor Education at 08:25
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