Franklin Delano Roosevelt created the Securities and Exchange Commission to protect the country's investors. The SEC went on to create the Financial Accounting Standards Board to give investors ...

The Financial Accounting Standards Board has named Lawrence W. Smith, currently chairman of the standard-setter’s Emerging Issues Task Force, as a member of the board. Smith’s five-year term will be ...

The Financial Accounting Standards Board (FASB) has announced the appointment of Kimber Bascom, partner-in-charge of the Accounting Standards Group of KPMG’s Department of Professional Practice, and ...

FASB’s new going-concern standard creates many challenges for CPAs to consider. The Center for Plain English Accounting examines the new look-forward period, disparities with audit guidance, and a new ...

The Financial Accounting Standards Board (FASB), which sets U.S. GAAP standards, has clarified key language around its new revenue-recognition guidelines. Until a November 29 meeting, there were ...