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This paper provides an overview of proposed and final standards issued by FASB from October to December 22, 2022, along with recent updates on outstanding exposure drafts and ongoing projects. In the fourth quarter, FASB finalized several implementation issues (leases, insurance, and reference rate reform) and began deliberations on crypto assets.
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This article summarizes recent regulatory developments and areas of focus for transition planning for the June 2023 LIBOR sunset.
This handy reference guide chronologically lists upcoming effective dates for FASB’s accounting standards updates (ASUs) with links to…
Presenters included a wide range of representatives from the SEC, PCAOB, FASB, the Center for Audit Quality (CAQ), and the AICPA. The PCAOB…
FASB has issued ASU 2022-06, which extends LIBOR sunset relief to December 15, 2024. Read on for details.
This handy reference guide chronologically lists upcoming effective dates for FASB’s accounting standards updates (ASUs) with links to…
ASU 2022-05 will provide optional transition relief as the implementation date for the overhaul of long-duration insurance accounting…