The Accounting Standard Update aims to clarify existing reporting requirements, in part by creating a comprehensive list of ...

The Financial Accounting Standards Board released a new chapter Thursday of its Conceptual Framework describing a reporting entity. The new chapter will become Chapter 2 of FASB Concepts Statement No.

The Integrated Reporting Framework, which is used to accelerate the adoption of integrated reporting across the world, was a topic of major importance during the International Sustainability Standards ...

The new standard marks the 11th accounting standards update issued by the FASB this year, up from four for the full 2024 and ...

Certain topics have been removed from the standard, including earnings per share, interim financial reporting.

The standards update fills a gap in the generally accepted accounting principles that previously left many companies turning ...

As the business world becomes closer in its financial and trade ties, many countries are moving towards International Financial Reporting Standards (IFRS), common accounting rules that define how ...

Traditional accounting principles form the foundation for a new approach to financial reporting that the AICPA is developing for small and medium-size entities (SMEs) and released for public comment ...

The Treasury Laws Amendment Bill 2025 puts forward a plan to merge the AASB, AUASB, and FRC into a new body named External ...

The conceptual framework is a series of Statements of Financial Accounting Concepts (SFACs), taken as a whole, set the objectives, characteristics and other concepts that determine how financial ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A Response to a Changing Regulatory Environment Singapore’s corporate sustainability environment has undergone a major ...