The US Securities and Exchange Commission (SEC) has accepted the 2025 taxonomies for financial reporting as announced by the ...

News and in-depth features about tax, accounting, auditing, and other business topics. Published by the American Institute of CPAs ...

The SEC approved three taxonomies, including the 2025 GAAP Financial Reporting Taxonomy, and FASB finalized two others.

“Independence is absolutely essential for both organizations, but the PCAOB is more in the line of fire than the FASB,” said Nemit Shroff, accounting professor at the Massachusetts Institute ...

For the PCAOB Auditing Standards, numbers refer to chapter and paragraphs. For the FASB Accounting Standards Codification, the numbers refer to area, topic, subtopic, and section. According to the ...

Example: The cost of the group of assets acquired must be allocated based on their relative fair values without allowing for goodwill as this was presented in the FASB Accounting Standards ...

There are differences between how the U.S. Generally Accepted Accounting Principles (GAAP) and the International Financial ...

Financial Reporting Standards In the United States, financial reporting standards are set forth by the Financial Accounting Standards Board (FASB) and required under GAAP for publicly traded ...

Software company turned serial Bitcoin (BTC) acquirer Strategy (MSTR) could see its stock added to the benchmark S&P 500 index this year, ...