Accounting Standards

Deloitte’s contribution to SASB is both financial and services-based. The financial commitment is in the form of $1 million in direct financial support over the course of four years, while the services-based commitment consists of in-kind support to ...

The FASB has a project underway to improve accounting rules for financial instruments and is expected to issue a final standard in late 2015 to make targeted improvements to existing Generally Accepted Accounting Principles (GAAP).

Finance ministers for the G20 countries called on the OECD to develop the BEPS Action Plan to help nations align their corporate tax policies. This week, the OECD will present the plan to the G20 finance ministers in Lima, Peru.

The Financial Accounting Standards Board (FASB) has issued two exposure drafts related to its disclosure framework project. The public, including accounting professionals and other stakeholders, have until December 8, 2015, to review and comment on ...

The standards help companies disclose sustainability information that is likely to be material. Example disclosure topics for these industries include management of chemicals in products, data security, labor conditions in the supply chain, and ...

FASB also offers free CPE webcast to look at taxonomy changes, simplification and guidance issues.

Oregon can now support e-filing and online payment of motor fuel tax returns and refunds for thousands of companies doing business in the state. The system also helps simplify reporting of city and county fuel taxes by consolidating 15 different tax ...

A new report called The Potential Pitfalls of SSARS 21 is now available from Thomson Reuters Checkpoint. The report focuses on significant changes to the Statements on Standards for Accounting and Review Services (SSARS) to help CPAs avoid potential ...