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 ...

The "targeted improvements" to the FASB Accounting Standards Codification are a part of an evergreen project focused on making incremental changes to GAAP. Public comments on the ASU, published ...

IASB creating team to aid revenue recognition transition FASB and the International Accounting Standards Board (IASB) plan to create a joint transition resource group to aid in implementation of the ...

non-GAAP figures reported. All public companies in the U.S. are required to use generally accepted accounting principles (GAAP). Financial statements created using these principles are filed on a ...

Reviewed by Chip Stapleton Fact checked by Suzanne Kvilhaug Despite major efforts by the Financial Accounting Standards Board ...