The Financial Accounting Standards Board and the Governmental Accounting Standards Board will begin using a majority vote, instead of relying on the board chairman’s decision alone, to establish ...

The Financial Accounting Foundation commemorated the 40th anniversary of the creation of the Governmental Accounting Standards Board in its annual report and also referenced the 50th anniversary last ...

Global standard setting is taking a new path and U.S. accounting standard setters are preparing to consider foundational projects, according to forward-looking information published Thursday in the ...

Leadership changed in two influential standard-setting bodies in July when Richard Jones, CPA, took over for Russell Golden, CPA, as FASB’s chair and Joel Black, CPA, succeeded David Vaudt, CPA, as ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

NORWALK, Conn.--(BUSINESS WIRE)--The Governmental Accounting Standards Board (GASB) today issued a final Statement that simplifies the structure of the hierarchy of Generally Accepted Accounting ...

(Reuters) - The feedback was swift and often scathing when a little-known public board signalled its intent to toughen the accounting rules governing state and local pension funds of millions of U.S.