- Two years after releasing a proposal to improve the disclosure requirements for pensions and other postretirement benefits, the FASB has begun to publicly debate the disclosure requirements that will remain and those that will be dropped. The discussion was part of the board’s broader project to improve U.S. GAAP’s requirements for the information in financial statement footnotes.
- The FASB released a proposal to add a benchmark interest rate to its standard for hedge accounting. The proposed benchmark rate was developed by the Federal Reserve as an alternative to the London Interbank Offered Rate (LIBOR), which was tarnished by a rate-rigging scandal in 2012.
- FASB issued an Accounting Standards Update (ASU) and the FASB staff has issued several Staff Q&As that address various financial accounting and reporting impacts from the Tax Cuts and Jobs Act (TCJA).
- In our latest article, Mike Cullen, senior manager, explains to Bisnow why the real estate industry needs to prioritize cybersecurity and identifies possible vulnerabilities to be addressed.
- Baker Tilly tax specialists are monitoring tax reform legislation as it moves through the stages of discussion under a new presidential administration and a Republican-controlled Congress.
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