FASB Shifts Gears on Cash-Flow Classification Issues
Image: FASB has asked its Emerging Issues Task Force to dig into nine specific cash-flow issues to see if it can suggest some changes to existing guidance to make this area of accounting more straightforward. “We’re going to continue with the project, but change the dynamic,” said FASB Chairman Russ ...
Related articles
-
Article
FASB adopts eight new cash flow classification rules
After years of nebulous guidance around three major issues of cash flow statements—operating, investing, and financing—FASB is making major clarifications. Tammy Whitehouse reports.
-
ArticlePCAOB’s Christina Ho: How emerging technologies could improve audit quality
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.
-
News BriefPCAOB chair Williams latest independent official pushed out by Trump
Continuing a Trump administration practice of firing independent regulators, the head of the Public Accounting Oversight Board has been sent packing.