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 chairmen of the Financial Accounting Standards Board and the Governmental Accounting Standards are both set to retire on June 30 as their terms near an end. [IMGCAP(1)]Their parent organization, ...

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 ...

NORWALK, Conn.--(BUSINESS WIRE)--The Board of Trustees of the Financial Accounting Foundation (FAF) today announced the search for new chairs of the Financial Accounting Standards Board (FASB) and the ...

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 ...

GASB, the Governmental Accounting Standards Board, was established in 1984 and serves the same role for state and local governments as FASB does for businesses and nonprofits. GAAP was established to ...

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 ...

The International Accounting Standards Board (IASB) and GASB took action Thursday to support financial statement preparers during the uncertainty arising from the phasing out of interest rate ...

This year has been wrought with financial turmoil for nearly all Americans. From low-wage workers to small business owners, millions of Americans have experienced financial stress courtesy of the ...

About the author: John J. Brennan is chairman emeritus of Vanguard. He is the former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation.

Purpose: To provide an overview of the fundamentals for basic fund accounting and the financial reporting structure within the context of higher education accounting, Generally Accepted Accounting ...

BUFFALO, N.Y. — After studying accounting standards for the past five years at the University at Buffalo School of Management, Milad Ghanatios will now be part of the standard-setting process with a ...