FASB Improves Guidance on Purchased Loans
The Financial Accounting Standards Board (FASB) today published an Accounting Standards Update (ASU) that improves the accounting for purchased loans.
View MoreTSCPA News
= Member Only
Filter by Category:
All Featured (35) For the Public (149) Tax News (538) Accounting & Auditing (248) Business & Industry News (142) Regulatory News (120) Legislative News (62) Chapter News (49) Young CPAs (91) Students (108) TSCPA Press Releases (104)Showing : 1–10 of 120
PCAOB Postpones Effective Date of QC 1000 and Related Standards, Rules, and Forms
The Public Company Accounting Oversight Board (PCAOB) announced today that it is postponing for one year, to December 15, 2026, the effective date for QC 1000, A Firm’s System of Quality Control, and other new and amended PCAOB standards, rules, and forms adopted by the Board on May 13, 2024.
View MoreFASB Issues Standard that Improves Measurement of Credit Losses for Accounts Receivable and Contract Assets
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves guidance on the measurement of credit losses for accounts receivable and contract assets.
View MoreAICPA and NASBA Approve Model Legislation for New CPA Licensure Path
The boards of directors of the American Institute of CPAs (AICPA) and National Association of State Boards of Accountancy (NASBA) have approved expansion of accountancy’s model legislation to include an additional path to CPA licensure.
View MoreFinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies
The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule exempting U.S. companies and persons from reporting beneficial ownership information (BOI), while requiring foreign entities registered to do business in the U.S. to report BOI under new deadlines. This rule redefines "reporting company" to include only foreign entities and exempts domestic entities from BOI reporting requirements.
View MoreSEC Accepts 2025 FASB Taxonomies
The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2025 GAAP Financial Reporting Taxonomy (GRT), the 2025 SEC Reporting Taxonomy (SRT), and the 2025 GAAP Employee Benefit Plan Taxonomy (EBPT).
View MoreReviewing Proposed ASUs as We Begin 2025
In line with the timeline in its evolving technical agenda, FASB has recently completed the proposal of several Accounting Standards Updates (ASUs).
View MoreSEC Modernizes the Submission of Certain Forms, Filings, and Materials Under the Securities Exchange Act of 1934
The Securities and Exchange Commission today adopted amendments to require the electronic filing, submission, or posting of certain forms, filings, and other submissions that national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants make with the Commission.
View MoreWhat You Need To Know About the SEC’s Whistleblower Program
In response to the financial crisis of 2008, the U.S. Congress passed the Dodd-Frank Act in 2010 to provide more protections to investors and consumers.
View MoreSEC Adopts Amendments to Exemption From National Securities Association Membership
The Securities and Exchange Commission recently adopted rule amendments that narrow the exemption from Section 15(b)(8) of the Securities Exchange Act of 1934.
View More