The Blind Spot: How ESG Matters Can Affect Current Accounting and Financial Reporting

Antonio G Ginting

© Igor Borisenko/iStock/Getty Images Plus The Financial Accounting Standards Board (FASB) and Securities Exchange Commission (SEC)  have been providing guidance, making statements and delivering speeches about accounting and financial reporting considerations for environmental, social and governance (ESG) matters since the beginning of spring to address growing interest and concerns from […]

FASAB releases standard for accounting and reporting for federal land

Antonio G Ginting

The Federal Accounting Standards Advisory Board released a standard Friday for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic. Statement of Federal Financial Accounting Standards (SFFAS) 59, “Accounting and Reporting of Government Land,” aims to provide more consistent accounting treatment and reporting […]

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