News & Media

FASB Votes to Proceed with Final Standard on Credit Losses

Norwalk, CT, April 27, 2016—The Financial Accounting Standards Board (FASB) today voted to proceed with a new accounting standard that provides timelier financial reporting of credit losses on loans and other financial instruments held by financial institutions and other organizations. The final Accounting Standards Update (ASU) is expected to be published in June 2016....

News Release

Private Company Council Media Meeting Recap

Norwalk, CT, April 12, 2016—The Private Company Council (PCC) met on Tuesday, April 12, 2016. Below is a brief summary of issues addressed by the PCC at the meeting.

Media Meeting Recap

FASB Issues New Guidance on Employee Share-Based Payment Accounting

Norwalk, CT, March 30, 2016—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) intended to improve the accounting for employee share-based payments. The ASU affects all organizations that issue share-based payment awards to their employees....

News Release | ASU 2016-09

FASB Announces Members of Transition Resource Group for Credit Losses

Norwalk, CT, March 22, 2016—The Financial Accounting Standards Board (FASB) today announced the members of the Transition Resource Group (TRG) for its upcoming credit losses standard....

News Release

SEC Accepts 2016 GAAP Financial Reporting Taxonomy

Norwalk, CT, March 8, 2016—The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2016 GAAP Financial Reporting Taxonomy....

News Release

2016 US GAAP Financial Reporting Taxonomy

Includes the 2016 Annual Update and Supporting Materials. This update relates to changes in accounting standards and other improvement since the 2015 taxonomy as used by issuers filing with the U.S. Securities and Exchange Commission.
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  • April 27, 2016 FASB Votes to Proceed with Final Standard on Credit Losses
  • April 12, 2016 Private Company Council Media Meeting Recap
  • March 30, 2016 FASB Issues New Guidance on Employee Share-Based Payment Accounting
  • March 22, 2016 FASB Announces Members of Transition Resource Group for Credit Losses
  • March 8, 2016 SEC Accepts 2016 GAAP Financial Reporting Taxonomy
  • 2016 US GAAP Financial Reporting Taxonomy Includes the 2016 Annual Update and Supporting Materials

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Christine L. Klimek

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203-956-3440 | jcpappas@f-a-f.org

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203-956-5201 | jcbetz@f-a-f.org

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