The Financial Accounting Standards Board (FASB), a private, nonprofit organisation that sets financial accounting standards ...

GAAP is considered to be rules-based, where rules are made for specific cases and do not exactly represent a larger principle. IFRS is principles-based.

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 ...

The Financial Accounting Standards Board released a proposed ASU containing a set of targeted improvements to the FASB Accounting Standards Codification.

The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper on the Cost Audit Regime in Pakistan.   This paper aims to ...

The Financial Accounting Standards Board will evaluate two weighty ... determine whether to add the issues raised to its standard-setting or research agendas over the next year and beyond ...