The United States has a longstanding tradition of accounting standards being set by the private sector (as opposed to the government). Although the federal government's Securities and Exchange Commission (SEC) has the legal authority to...

The Financial Accounting Standards Board (FASB) is a private, not-for-profit organization whose primary purpose is to develop generally accepted accounting principles (GAAP) within the United States in the public's interest. The Securities and Exchange...

The FASB has released Statement No. 116, which provides comprehensive guidance on the tax treatment of charitable contributions made or received. This FASB statement aims to remove the inconsistencies that have plagued previous guidance on the matter. FASB No. 116 covers all entities that...

Healthcare providers considered governmental are confused by conflicting and confusing Governmental Accounting Standards Board and Financial Accounting Standards Board rules. The accounting boards' financial reporting requirements may disorient providers. Some of the gray areas involve the valuation of marketable securities, pension accounting, debt refunding,...

The Securities and Exchange Commission will have greater influence over the appointment of members to an accounting standards body under an agreement hammered out earlier this month, current and former members of the board said Wednesday.A foundation that oversees the Financial Accounting Standards Board set...

8:15 a.m. Daniel Doctoroff will speak at a panel discussion on "Community Development and the Mega City: A Discussion About NYC2030" at The New School, 55 West 13th Street near Sixth Avenue. 9 a.m. Pace University's Lubin School of Business will host a conference on...