The Financial Accounting Standards Board has released FASB Statement No. 165, Subsequent Events, setting standards for the disclosure of events that occur after the balance-sheet date, but before ...

FASB issued exposure drafts of proposed statements on going concern and subsequent events. The proposals converge U.S. GAAP and IFRS and incorporate accounting guidance related to determining the ...

The Financial Accounting Standards Board has issued a proposed accounting standards update on its subsequent events standards, amending certain recognition and disclosure requirements to avoid a ...

The Financial Accounting Standards Board has published its final word on when companies should consider the effects of “subsequent events,” or game-changing events that occur after the balance sheet ...

Public companies now have a new requirement to follow in accounting for events that take place after a financial statement period ends but before the statements are issued. The Financial Accounting ...

Accountants (or auditors in particular) are the benefactors of hindsight and get to put it to use every time they are engaged to opine on a company’s financial statements. Namely, that period from the ...