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FASB Issues Disclosure Improvements in Response to the SEC’s Disclosure Update and Simplification Initiative

CPA Practice

The Financial Accounting Standards Board ( FASB ) has issued an Accounting Standards Update (ASU) that incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification. In SEC Release No.

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Jeanne Dee Appointed to FASB Not-for-Profit Advisory Committee

Anders CPA

Jeanne Dee, CPA/CGMA, audit and assurance partner at Anders CPAs + Advisors (Anders), has been appointed to the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee (NAC) effective January 1, 2024. As one of the six new NAC members, Jeanne will serve a four-year term ending on December 31, 2027.

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The Rundown: Third Quarter 2023

Cherry Bekaert

After a period of relative inactivity, standard setters have issued four new standards. The Financial Accounting Standards Board (FASB) has issued Accounting Standard Update (ASU) 2023-03 through ASU 2023-06. As a result, there was diversity in practice. incurred credit losses”).

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2022 Federal Budget Highlights

DMCL

Effective for eligible flow-through share agreements entered into from April 7, 2022 to March 31, 2027. Elimination of flow-through shares for exploration and development of oil, gas and coal resources. Elimination of some impacts of the new IFRS 17.