The Financial Accounting Standards Board has released FASB Statement No. 165, Subsequent Events, setting standards for the disclosure of events that occur after the balance-sheet date, but before ...

The Financial Accounting Standards Board has issued a proposed accounting standards update on its subsequent events standards, amending certain recognition and disclosure requirements to avoid a ...

Subsequent event is the accounting term for a financial transaction that occurs after completion of the balance sheet for a specified period but before the company's full set of financial statements ...

Accountants (or auditors in particular) are the benefactors of hindsight and get to put it to use every time they are engaged to opine on a company’s financial statements. Namely, that period from the ...

FASB issued exposure drafts of proposed statements on going concern and subsequent events. The proposals converge U.S. GAAP and IFRS and incorporate accounting guidance related to determining the ...

The Financial Accounting Standards Board has published its final word on when companies should consider the effects of “subsequent events,” or game-changing events that occur after the balance sheet ...

Significant changes in July will affect the way CPAs perform accounting research and reference accounting literature in day-to-day work. On July 1, FASB is expected to issue the FASB Accounting ...

Public companies now have a new requirement to follow in accounting for events that take place after a financial statement period ends but before the statements are issued. The Financial Accounting ...

FASB has issued a proposed Accounting Standards Update, or ASU, intended to improve guidance used to determine whether debt should be classified as a current or noncurrent liability in a classified ...