“We appreciate that the AICPA has made it clear … that its new framework is not -- and is not intended to be -- GAAP. The AICPA also has made it clear that businesses and accounting firms should ...

The Financial Accounting Standards Board plans at its next public meeting to discuss its controversial proposal to alter the concept of materiality within GAAP. The FASB touched off a sensitive debate ...

As a banking professional, you’ve undoubtedly noticed that accounting principles generally accepted in the United States of America (US GAAP) has become increasingly complex in recent years ...