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FASB revisits GAAP cleanup

CFO Dive

The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.

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FASB tees up GAAP codification cleanup for comment

CFO Dive

The codification, effectively the bible for generally accepted accounting principles, was last updated in 2020.

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FASB at 50: Under the gun to modernize GAAP

CFO Dive

With its anniversary year drawing to a close, there are signs FASB is stepping up the pace of its standards setting. Some finance executives are wary.

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GAAP is letting companies get away with anticompetitive mergers, researchers say

CFO Dive

Intangible assets aren’t being captured in the merger review thresholds that federal antitrust agencies rely on, a paper shows.

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FASB publishes narrow software accounting revamp proposal

CFO Dive

In June the FASB voted 7-0 for the more targeted update, even as some expressed concerns about not going far enough to modernize GAAP rules.

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Doth Buffett protest GAAP too much?

CFO Dive

Warren Buffett — CEO of Berkshire Hathaway and one of the world’s most renowned investors — didn’t disappoint fans of his folksy, acerbic writing in his latest shareholder letter.

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FASB’s environmental credit rules recall crypto debate

CFO Dive

Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.

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