The American Institute of CPAs’ governing council approved a resolution authorizing the development of two new credentials for fair value measurement at the AICPA’s Spring Meeting of Council in ...

When the Financial Accounting Standards Board’s User Advisory Council met in early April, the group heard about the board’s plan to issue a proposal for a new standard on disclosing information about ...

STATEMENT ON AUDITING STANDARDS (SAS) NO. 101, Auditing Fair Value Measurements and Disclosures, gives auditors guidance on understanding how an entity’s management calculates fair value and on ...

FASB ISSUED CONCEPTS STATEMENT NO. 7 TO HELP CPAs who use present value and cash flow information as the basis for accounting measurements. Using Cash Flow Information and Present Value in Accounting ...

The Governmental Accounting Standards Board on Monday approved a proposed exposure draft on measurements for government financial statements and a preliminary views document on fair value accounting ...

Bank of New York Mellon Corp. has developed an automated tool that it says can put a dollar value on hard-to-value investments, such as the exotic financial derivatives based on subprime mortgages. To ...

Fair value measurement (FVM) has been criticized for its pro-cyclical effect, especially during the financial crisis of 2008. In this study, we extend the concept of pro-cyclicality to business firms ...

Crypto transactions are treated as property, triggering tax and accounting obligations for every disposition. Businesses rely on crypto CPAs for accurate bookkeeping, gain/loss calculations, and audit ...