News & Media

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

  • 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

John C. Pappas

Senior Manager, Media Relations & Constituent Communications
203-956-3440

Join Media-List

Fax: 203-849-9714
401 Merrit 7, PO Box 5116
Norwalk, CT 06856

Fasb In Focus/Fact Sheets

FASB in Focus/Fact Sheets deliver a concise summary of major iniatives, focusing on impact to users.
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Presentations & Speeches

FASB representatives travel around the world to update stakeholders on important initiatives and their impact to business.

October 16, 2013
Remarks of FASB Chairman Russell G. Golden to a Joint Meeting of the Japanese Chapter of Financial Executives International and Keidanren (a Major Japanese Business Roundtable Organization) in Tokyo
Complete Text of Speech

September 12, 2013
FASB Chairman Russell G. Golden Remarks at FASB@40 Conference in New York, NY
Complete Text of Speech

January 10, 2013
Convergence, Disclosures and Future of FASB
Board Chairman Leslie F. Seidman
NYSSA
Presentation

Video & Podcasts


March 2014—FASB Member Larry Smith and PCC Member Larry Weinstock Discuss the New Standard for Private Companies on the Consolidation of Variable Interest Entities


January 2014—FASB Member Daryl Buck and PCC Member Tom Groskopf Discuss Two Standards for Private Companies on Accounting for Goodwill, Interest Rate Swaps


January 2014—The Investor Perspective: During this Three-Part Series, FASB Members Hal Schroeder and Marc Siegel and FASB Senior Investor Liaison Chandy Smith Discuss the Board’s Outreach with Members of the Investment Community
Part 2 | Part 3


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