By Maria L. Murphy2022-10-25T13:00:00
The Financial Accounting Standards Board (FASB) tentatively decided at its Oct. 12 meeting to require crypto assets that are in scope to be measured at fair value. The requirement would apply to both public and private companies.
FASB added a project on accounting for digital assets to its technical agenda in May. In August, it decided to limit the scope of the project to fungible digital assets accounted for as intangible assets under current U.S. generally accepted accounting principles (GAAP). The board changed the project’s name to “Accounting for and Disclosure of Crypto Assets” and decided it would apply to all entities, including broker-dealers and investment companies that apply industry-specific GAAP.
The board received input from more than 400 commenters supporting fair value measurement in its invitation to comment.
2023-04-07T11:00:00Z By Maria L. Murphy
The Financial Accounting Standards Board issued a proposed accounting standards update to improve accounting and disclosures for certain crypto assets.
2022-10-11T17:55:00Z By Maria L. Murphy
The Financial Accounting Standards Board added new disclosure requirements for buyers of goods and services intended to increase transparency about how they use supplier finance programs.
2022-06-16T14:48:00Z By Maria L. Murphy
The Financial Accounting Standards Board added a project to its technical agenda on environmental credits that will include recognition, measurement, accounting presentation, and disclosure.
2025-07-21T14:13:00Z By Aaron Nicodemus
Continuing a Trump administration practice of firing independent regulators, the head of the Public Accounting Oversight Board has been sent packing.
2025-06-03T21:33:00Z By CW Staff
Nearly 200 attendees gathered at the Hotel Zaza in Austin, Texas for Compliance Week’s 2025 June 3-4. This year’s conference brought together compliance professionals from across the globe to discuss how rapidly shifting politics, policies and supply chain realities are affecting their jobs, and share best practices to respond.
2025-02-28T15:45:00Z By Ruth Prickett
Compliance teams should expect more support from their organization’s internal audit functions. That is the clear message from the Institute of Internal Auditors, the global body of national affiliated internal audit institutes, which has just put into action its new Global Internal Audit Standards.
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