News & Media

FASB Issues Guidance to Improve Financial Reporting of Going Concern Uncertainties

Norwalk, CT, August 27, 2014—The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern....

News Release | ASU 2014-15 | FASB In Focus

Registration Opens for September 9 Webcast on the Proposed 2015 GAAP Taxonomy

Norwalk, CT, August 21, 2014—Registration now is open for an upcoming Financial Accounting Standards Board (FASB) webcast that looks at the 2015 GAAP Taxonomy. IN FOCUS: Proposed 2015 GAAP Financial Reporting Taxonomy, ASU Taxonomy Changes...

News Release | Course Description and Registration

FASB Issues Proposal to Simplify Accounting for Cloud Computing Fees Paid By Customers

Norwalk, CT, August 20, 2014—As part of its simplification initiative, the Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update intended to simplify the accounting for a customer’s fees paid in a cloud computing arrangement....

News Release | Exposure Document

Post-Implementation Review Concludes Share-Based Payment Standard Achieves Purpose

Norwalk, CT, August 19, 2014—A 2004 accounting standard that addresses companies’ share-based payment transactions achieves its purpose and provides useful information to users of financial statements....

News Release | FASB Statement 123(R) PIR Report |
FASB Response to FAF PIR Report on FAS 123(R)

Relaunched FASB Technical Agenda Web Page Brings Online Visitors Up-To-Speed At a Glance

Norwalk, CT, July 17, 2014—The Financial Accounting Standards Board (FASB) today relaunched its technical agenda web page to provide a more user-friendly graphic overview of each Board project and enable visitors to better understand how individual projects relate to the Board’s overall activities....

News Release

Private Company Council Media Meeting Recap

Norwalk, CT, July 15, 2014—The Private Company Council (PCC) met on Tuesday, July 15, 2104. Below is a brief summary of issues addressed by the PCC at the meeting, categorized by project.

Media Meeting Recap

FASB Issues Proposals to Simplify Inventory Measurement and Eliminate Requirements for Extraordinary Items

Norwalk, CT, July 15, 2014—As part of its simplification initiative, the Financial Accounting Standards Board (FASB) today issued two proposed Accounting Standards Updates intended to simplify the measurement of inventory and eliminate the requirements for extraordinary items....

News Release | Exposure Documents

Financial Accounting Foundation Names Washington State Investment Officer Gary Bruebaker to Its Board of Trustees

Norwalk, CT, June 24, 2014—The Financial Accounting Foundation (FAF) today appointed Washington State investment official Gary H. Bruebaker to the FAF Board of Trustees, effective July 1. Mr. Bruebaker currently is the chief investment officer for the Washington State Investment Board in Olympia, Washington....

News Release

FASB Improves Financial Reporting of Repurchase Agreements

Norwalk, CT, June 12, 2014—The Financial Accounting Standards Board (FASB) today issued a new standard to improve the financial reporting of repurchase agreements and other similar transactions....

News Release | ASU 2014-11 | FASB In Focus | Video


FASB Launches Initiative to Simplify Accounting Standards

Norwalk, CT, June 10, 2014—As part of its initiative to reduce complexity in accounting standards, the Financial Accounting Standards Board (FASB) added two short-term projects to its agenda to simplify Generally Accepted Accounting Principles (GAAP)....

News Release

FASB Issues Standard to Improve Financial Reporting for Development Stage Entities

Norwalk, CT, June 10, 2014—The Financial Accounting Standards Board (FASB) today issued guidance intended to reduce the overall cost and complexity associated with financial reporting for development stage entities, without reducing the availability of relevant information....

News Release | ASU 2014-10 | FASB In Focus

Now Available for Viewing: Archive of IASB/FASB Webcast on New Revenue Recognition Standard

Norwalk, CT, June 6, 2014—Stakeholders that missed yesterday’s live broadcast of IN FOCUS: Revenue from Contracts with Customers now can view an archived version of the one-hour webcast....

News Release | Archived Webcast

Registration Opens for June 23 Webcast on FASB Update for Private Companies and Not-For-Profits

Norwalk, CT, June 3, 2014—Registration is now open for an upcoming Financial Accounting Standards Board (FASB) webcast that provides an update on the FASB’s standard-setting activities pertaining to private companies and not-for-profit (NFP) organizations....

News Release | Course Description and Registration

FASB and IASB Announce the Formation of the Joint Transition Resource Group for Revenue Recognition

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today announced the formation of the Joint Transition Resource Group for Revenue Recognition (TRG).
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IASB and FASB Host Live Webcast on New Revenue Recognition Standard

Norwalk, CT, May 29, 2014—The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) will host IN FOCUS: Revenue from Contracts with Customers, a live, one hour webcast that provides a high-level overview of its new guidance on revenue recognition....

News Release | Course Description and Registration

IASB and FASB Issue Converged Standard on Revenue Recognition

Norwalk, CT, May 28, 2014—The International Accounting Standards Board (IASB), responsible for International Financial Reporting Standards (IFRS), and the Financial Accounting Standards Board (FASB), responsible for U.S. Generally Accepted Accounting Principles (U.S. GAAP), today issued jointly...

News Release | ASU 2014-09 | FASB In Focus | Three-Part Video Series

Bret Dooley Appointed To The Emerging Issues Task Force

Norwalk, CT, May 14, 2014—The Chairman of the Financial Accounting Standards Board (FASB) Russell G. Golden today appointed Bret Dooley to its Emerging Issues Task Force (EITF)....

News Release

Private Company Council Media Meeting Recap

Norwalk, CT, April 29, 2014—The Private Company Council (PCC) met on Tuesday, April 29, 2104. Below is a brief summary of issues addressed by the PCC at the meeting, categorized by project.

Media Meeting Recap

FASB Issues Guidance to Improve Financial Reporting of Discontinued Operations

Norwalk, CT, April 10, 2014—The Financial Accounting Standards Board (FASB) today issued guidance that improves U.S. Generally Accepted Accounting Principles (GAAP) by more faithfully representing when a company or other organization discontinues its operations....

News Release | ASU 2014-08 | FASB In Focus | Video


Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Biannual Meeting

Norwalk, CT, April 2, 2014—Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) met this week in Norwalk to provide updates on their respective activities, and exchange views on the technical topics in which both boards have interests....

News Release

FASB Issues Update for Private Companies on Consolidation of Variable Interest Entities

Norwalk, CT, March 20, 2014—The Financial Accounting Standards Board (FASB) today issued guidance intended to improve private company financial reporting regarding consolidation of lessors in certain common control leasing arrangements....

News Release | ASU 2014-07 | FASB In Focus | Video

Registration Opens for April 3 Webcast on Structured Data (XBRL) in Financial Reporting

Norwalk, CT, March 13, 2014—Registration is now open for an upcoming Financial Accounting Standards Board (FASB) webcast that looks at how investors use structured data (XBRL) and how structured data are considered in the standard-setting process....

News Release

FASB Issues Proposal on Board Decision Process for Disclosure Framework Project

Norwalk, CT, March 4, 2014—The Financial Accounting Standards Board (FASB) today issued a proposed framework intended to improve its process for evaluating existing and future disclosure requirements in notes to financial statements....

News Release

Post Implementation Review Concludes Fair Value Accounting Standard Meets Its Objectives

Norwalk, CT, February 25, 2014—A 2006 accounting standard that established a framework for measuring fair value within U.S. generally accepted accounting principles (GAAP) generally achieves its purpose....

News Release
FASB Statement 157 PIR Report

FASB Codification Online Platform Now Available on Tablet Devices

Norwalk, CT, January 31, 2014—The Financial Accounting Foundation (FAF) today announced that the Financial Accounting Standards Board’s FASB Accounting Standards Codification® (FASB Codification) has been enabled for use on tablet devices....

News Release

Financial Accounting Foundation Names Steven E. Buller as Chairman of the Financial Accounting Standards Advisory Council

Norwalk, CT, January 30, 2014—Steven E. Buller, managing director and former chief financial officer of BlackRock, Inc., has been appointed chairman of the Financial Accounting Standards Advisory Council (FASAC). His term begins on February 1, 2014, and concludes on December 31, 2015....

News Release

FASB Votes on New Agenda Priorities

Norwalk, CT, January 29, 2014—The Financial Accounting Standards Board (FASB) today voted to reorganize its agenda to focus more closely on the issues most important to FASB stakeholders. The Board also discussed several research projects as part of its prioritization initiative.

News Release

Private Company Council Media Meeting Recap

Norwalk, CT, January 28, 2014—The Private Company Council (PCC) met on Tuesday, January 28, 2104. Below is a brief summary of issues addressed by the PCC at the meeting, categorized by project.

Media Meeting Recap

Financial Accounting Foundation to Provide Up to $3 Million to IFRS Foundation to Aid Completion of Joint IASB Projects

Norwalk, CT, January 28, 2014—The Financial Accounting Foundation (FAF) today announced that it will make a non-recurring contribution of up to $3 million to the International Financial Reporting Standards Foundation (IFRSF) to support the completion of international convergence projects....

News Release

FASB Launches FASB Outlook Quarterly E-Newsletter

Norwalk, CT, January 23, 2014—The Financial Accounting Standards Board (FASB), today launched the FASB Outlook, a new quarterly, electronic newsletter designed to keep stakeholders informed about key FASB projects and activities....

News Release

FAF Releases Updated Print Edition of FASB Accounting Standards Codification®

Norwalk, CT, January 21, 2014—The Financial Accounting Foundation (FAF) today released an updated print edition of the Financial Accounting Standards Board’s FASB Accounting Standards Codification®, the single, authoritative source of U.S. Generally Accepted Accounting Principles (U.S. GAAP)...

News Release

FASB and PCC to Host Private Company Town Hall at The University of Washington

Norwalk, CT, January 21, 2014—The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) will host their second Private Company Town Hall Meeting taking place on May 8, 2014, at the University of Washington in Seattle, Washington....

News Release

FASB Issues Two Updates for Private Companies on Accounting for Goodwill, Interest Rate Swaps

Norwalk, CT, January 16, 2014—The Financial Accounting Standards Board (FASB) today issued two updates to U.S. generally accepted accounting principles (GAAP) that provide alternatives for private companies...

News Release | ASU 2014-02 | ASU 2014-03 |
FASB In Focus | Video


FASB and PCC Issue Private Company Framework; FASB Issues Definition of Public Business Entity

Norwalk, CT, December 23, 2013—The Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) today issued...

News Release | Final Guide | ASU 2013-12 |
FASB In Focus | Video


U.S. GAAP Financial Reporting Taxonomy Now Available

Norwalk, CT, December 18, 2013—The Financial Accounting Standards Board (FASB) today announced the availability of the 2014 U.S. GAAP Financial Reporting Taxonomy pending final acceptance by the U.S. Securities and Exchange Commission (SEC)....

News Release

Reminder: Registration Is Open for Dec. 16 Webcast, In Focus: FASB Update for Nonpublic Entities

Norwalk, CT, December 9, 2013—Registration is open for the upcoming Financial Accounting Standards Board (FASB) webcast IN FOCUS: FASB Update for Nonpublic Entities. This live webcast, offered free of charge, will take place on Monday, December 16, 2013, from 1:00 to 2:40 p.m. EST....

News Release
Course Description and Registration

FASB to Webcast Technical Forum for Continuing Professional Education Providers

Norwalk, CT, December 5, 2013—The Financial Accounting Standards Board (FASB) today announced it will host two technical forums for commercial accounting continuing professional education (CPE) providers in January 2014....

News Release
Forum Information and Registration

FASB Responds to Post-Implementation Review of Statement 109 on Income Taxes

Norwalk, CT, December 3, 2013—The Financial Accounting Standards Board (FASB) today released its response to the Post-Implementation Review (PIR) of its standard on accounting for income taxes....

News Release

Financial Accounting Foundation Appoints 10 New Members to the Financial Accounting Standards Advisory Council

Norwalk, CT, November 25, 2013—The Board of Trustees of the Financial Accounting Foundation (FAF) today appointed 10 new members to the Financial Accounting Standards Advisory Council (FASAC)....

News Release

Financial Accounting Foundation Names Maryland State Treasurer Nancy K. Kopp to Its Board of Trustees

Norwalk, CT, November 19, 2013—The Financial Accounting Foundation (FAF) today announced that it has appointed Maryland State Treasurer Nancy K. Kopp to the FAF Board of Trustees, effective January 1, 2014....

News Release

Post Implementation Review Concludes Income Tax Standard Generally Achieves Its Purpose

Norwalk, CT, November 19, 2013—A 1992 accounting standard addressing the accounting for income taxes generally achieves its purpose. That was the central conclusion of the post-implementation review (PIR)...

News Release
FASB Statement 109 PIR Report

Private Company Council Media Meeting Recap

Norwalk, CT, November 12, 2013—The Private Company Council (PCC) met on Tuesday, November 12, 2013. Below is a brief summary of issues addressed by the PCC at the meeting, categorized by project.

Media Meeting Recap

FASB Issues Exposure Draft to Improve Financial Reporting about Development Stage Entities

Norwalk, CT, November 7, 2013—The Financial Accounting Standards Board (FASB) today issued a proposed Accounting Standards Update intended to improve financial reporting about public and private development stage entities. Stakeholders are encouraged to review and provide comment on the proposed Update by December 23, 2013.

News Release

FASB Votes to Move Forward with Final Standard on Revenue Recognition

Norwalk, CT, November 6, 2013—The Financial Accounting Standards Board (FASB) today voted to move forward with preparing a final standard on revenue recognition. The final standard is expected to be issued during the first quarter of 2014....

News Release

  • August 27, 2014 FASB Issues Guidance to Improve Financial Reporting of Going Concern Uncertainties
  • August 21, 2014 Registration Opens for September 9 Webcast on the Proposed 2015 GAAP Taxonomy
  • August 20, 2014 FASB Issues Proposal to Simplify Accounting for Cloud Computing Fees Paid By Customers
  • August 19, 2014 Post-Implementation Review Concludes Share-Based Payment Standard Achieves Purpose
  • July 17, 2014 Relaunched FASB Technical Agenda Web Page Brings Online Visitors Up-To-Speed At a Glance
  • July 15, 2014 Private Company Council Media Meeting Recap
  • July 15, 2014 FASB Issues Proposals to Simplify Inventory Measurement and Eliminate Requirements for Extraordinary Items
  • June 24, 2014 Financial Accounting Foundation Names Washington State Investment Officer Gary Bruebaker to Its Board of Trustees
  • June 12, 2014 FASB Improves Financial Reporting of Repurchase Agreements
  • June 10, 2014 FASB Launches Initiative to Simplify Accounting Standards
  • June 10, 2014 FASB Issues Standard to Improve Financial Reporting for Development Stage Entities
  • June 6, 2014 Now Available for Viewing: Archive of IASB/FASB Webcast on New Revenue Recognition Standard
  • June 3, 2014 Registration Opens for June 23 Webcast on FASB Update for Private Companies and Not-For-Profits
  • June 3, 2014 FASB and IASB Announce the Formation of the Joint Transition Resource Group for Revenue Recognition
  • May 29, 2014 IASB and FASB Host Live Webcast on New Revenue Recognition Standard
  • May 28, 2014 IASB and FASB Issue Converged Standard on Revenue Recognition
  • May 14, 2014 Bret Dooley Appointed To The Emerging Issues Task Force
  • April 29, 2014 Private Company Council Media Meeting Recap
  • April 10, 2014 FASB Issues Guidance to Improve Financial Reporting of Discontinued Operations
  • April 2, 2014 Representatives of the Financial Accounting Standards Board and the Accounting Standards Board of Japan Hold Biannual Meeting
  • March 20, 2014 FASB Issues Update for Private Companies on Consolidation of Variable Interest Entities
  • March 13, 2014 Registration Opens for April 3 Webcast on Structured Data (XBRL) in Financial Reporting
  • March 4, 2014 FASB Issues Proposal on Board Decision Process for Disclosure Framework Project
  • February 25, 2014 Post Implementation Review Concludes Fair Value Accounting Standard Meets Its Objectives
  • January 31, 2014 FASB Codification Online Platform Now Available on Tablet Devices
  • January 30, 2014 Financial Accounting Foundation Names Steven E. Buller as Chairman of the Financial Accounting Standards Advisory Council
  • January 29, 2014 FASB Votes on New Agenda Priorities
  • January 28, 2014 Private Company Council Media Meeting Recap
  • January 28, 2014 Financial Accounting Foundation to Provide Up to $3 Million to IFRS Foundation to Aid Completion of Joint IASB Projects
  • January 23, 2014 FASB Launches FASB Outlook Quarterly E-Newsletter
  • January 21, 2014 FAF Releases Updated Print Edition of FASB Accounting Standards Codification®
  • January 21, 2014 FASB and PCC to Host Private Company Town Hall at The University of Washington
  • January 16, 2014 FASB Issues Two Updates for Private Companies on Accounting for Goodwill, Interest Rate Swaps
  • December 23, 2013 FASB and PCC Issue Private Company Framework; FASB Issues Definition of Public Business Entity
  • December 18, 2013 U.S. GAAP Financial Reporting Taxonomy Now Available
  • December 9, 2013 Reminder: Registration Is Open for Dec. 16 Webcast, In Focus: FASB Update for Nonpublic Entities
  • December 5, 2013 FASB to Webcast Technical Forum for Continuing Professional Education Providers
  • December 3, 2013

    FASB Responds to Post-Implementation Review of Statement 109 on Income Taxes

  • November 25, 2013 Financial Accounting Foundation Appoints 10 New Members to the Financial Accounting Standards Advisory Council
  • November 19, 2013 Financial Accounting Foundation Names Maryland State Treasurer Nancy K. Kopp to Its Board of Trustees
  • November 19, 2013 Post Implementation Review Concludes Income Tax Standard Generally Achieves Its Purpose
  • November 12, 2013 Private Company Council Media Meeting Recap
  • November 7, 2013 FASB Issues Exposure Draft to Improve Financial Reporting about Development Stage Entities
  • November 6, 2013 FASB Votes to Move Forward with Final Standard on Revenue Recognition

Media Inquiries

All media inquiries are coordinated through the FAF Communications Department

Christine L. Klimek

Senior Manager, Media Relations & Executive Communications
(203) 956-3459 | clklimek@f-a-f.org

John C. Pappas

Senior Manager, Media Relations & Constituent Communications
203-956-3440 | jcpappas@f-a-f.org

Jordan C. (Kip) Betz

Manager, Media Relations & Editorial Services
203-956-5201 | jcbetz@f-a-f.org

Join Media-List

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Norwalk, CT 06856

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