Accounting standards

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.

The guide can help companies identify and disclose material information about sustainability-related risks and opportunities that could affect their cash flow.

Facing a backlash about its proposal to toughen standards for failing to detect noncompliance with laws and regulations, the board is putting off action on the standard.

Being careless in a company's early years can make it hard to change from non-GAAP to GAAP standards when preparing for an IPO, sale or other exit.

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.

The Carbon Disclosure Project and the Global Reporting Initiative plan to deepen their collaboration.

Board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.

The Financial Accounting Standards Board issued a proposed update to improve the navigability of the disclosures for interim reporting periods.

The Public Company Accounting Oversight Board issued a staff publication amid controversy over its proposed NOCLAR standard.