FASB
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FASB Offers Clarity on Construction Contractor Retainage Disclosure
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Introduction The construction industry often includes retainage provisions in its contracts. While the Financial Accounting Standards Board's ...

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FASB Clarifies Scope Application of Profits Interest
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The FASB recently issued ASU 2024-01 (“the ASU”) to clarify the scope application of profits interest and similar awards by adding illustrative ...

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CFA Institute urges better accounting for intangible assets
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The CFA Institute released a paper Wednesday urging the Financial Accounting Standards Board and the International Accounting Standards Board to require ...

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FASB To Reverse Goodwill Accounting – Lev End Of Accounting Blog
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By Feng Gu and Baruch Lev In April 2020, Tapestry, Inc. (TPR) (luxury goods) announced a goodwill write-off of $211 million related to its line of ...

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On the move: HCVT adds to partnership
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Ericksen Krentel elects sixth MP; Yeo & Yeo, Grassi and BMSS move offices; IFRS Foundation appoints three new trustees; and more news from across the ...

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