The Financial Accounting Standards Board and the Governmental Accounting Standards Board will begin using a majority vote, instead of relying on the board chairman’s decision alone, to establish ...

The chairmen of the Financial Accounting Standards Board and the Governmental Accounting Standards are both set to retire on June 30 as their terms near an end. [IMGCAP(1)]Their parent organization, ...

Global standard setting is taking a new path and U.S. accounting standard setters are preparing to consider foundational projects, according to forward-looking information published Thursday in the ...

Leadership changed in two influential standard-setting bodies in July when Richard Jones, CPA, took over for Russell Golden, CPA, as FASB’s chair and Joel Black, CPA, succeeded David Vaudt, CPA, as ...

NORWALK, Conn.--(BUSINESS WIRE)--The Governmental Accounting Standards Board (GASB) today issued a final Statement that simplifies the structure of the hierarchy of Generally Accepted Accounting ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

About the author: John J. Brennan is chairman emeritus of Vanguard. He is the former chair of the Financial Industry Regulatory Authority and trustee and chair of the Financial Accounting Foundation.