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

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 ...

In a milestone moment for the creation of a global common language for sustainability reporting, the International Sustainability Standards Board (ISSB) on Monday issued its first two standards. IFRS ...

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

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 ...

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

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

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

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 ...

2020 was a remarkable year in ways that need no mention. It was also remarkable in a way that most people probably didn’t notice because it has to do with accounting. Last year witnessed the broad ...