By Maria L. Murphy2023-04-07T11:00:00
The Financial Accounting Standards Board (FASB) last month issued a proposed accounting standards update (ASU) to improve accounting and disclosures for certain crypto assets.
FASB received significant feedback during its 2021 agenda consultation that improving accounting and disclosure for crypto assets should be one of its top priorities. Current generally accepted accounting principles (GAAP) do not provide decision-useful information to users of financial statements about the value of crypto assets or the types of assets held.
The board added the project to its technical agenda last May.
2023-10-23T19:44:00Z By Aaron Nicodemus
Uncertainty created by the Federal Deposit Insurance Corporation’s lack of clarity on risks posed by crypto assets has left member banks with the impression the agency wants banks to avoid them, according to a new report from the Office of Inspector General.
2023-03-15T15:26:00Z By Maria L. Murphy
Companies are working on plans to reduce their carbon emissions. The popularity of environmental credits has grown as a way for companies to meet their emission reduction targets.
2022-10-25T13:00:00Z By Maria L. Murphy
The Financial Accounting Standards Board tentatively decided to require crypto assets that are in scope to be measured at fair value. Experts discuss the evolving ramifications of the project.
2025-10-15T19:16:00Z By Ruth Prickett
Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...
2025-10-07T20:32:00Z By Jaclyn Jaeger
Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.
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.
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