Standard-setters viewpoints

Explore selected publications from standards-setters on a variety of topics related to financial reporting and assurance.

Related Publications

FASB Tentatively Decides on Fair Value Measurement for Crypto Assets

Oct 18, 2022

At its October 12, 2022, meeting, the FASB continued deliberating its project on the accounting for and disclosure of crypto assets and reached several decisions. Specifically, the Board tentatively decided to: Require all public and private entities to initially measure crypto assets at fair value in accordance with ASC 820. Subsequent changes in fair value would be recognized in earnings; not provide any measurement alternatives for situations in which a crypto asset does not have a quoted price in active markets; require entities to expense as incurred commissions and other transaction costs related to the acquisition of crypto assets unless industry-specific guidance stipulates otherwise.

Twenty-Year Review of Audit & Non-Audit Fee Trends

Oct 01, 2022

In this report, you'll gain insight into audit and non-audit fee trends over a twenty-year period, with a closer look at developments in fees based on location, company size, and industry.

Spotlight: Observations from the Target Team’s 2021 Inspections

Aug 30, 2022

This Spotlight provides investors and other stakeholders a view into the target team’s work in 2021, including perspectives on the auditor’s responsibilities, observations, and good practices. The four focus areas for 2021 are fraud, interim reviews of SPACs, going concern and cash and cash equivalents.

Spotlight: Audit Committee Resource

Aug 11, 2022

Designed to serve as a timely reference for auditors, audit committee members, investors, and others, the Spotlight offers questions that audit committees of public companies might want to consider as part of their ongoing engagement and discussion with their auditors, including how the auditors are responding to the financial reporting and audit risks posed by the current economic environment.

Reporting Going Concern Matters in the Auditor’s Report

Jul 27, 2022

This non-authoritative Frequently Asked Questions publication addresses some of the common questions related to reporting going concern matters in the auditor’s report. Specifically, the publication focuses on the use of and interrelationship of the Material Uncertainty Related to Going Concern and Key Audit Matters sections, and the Emphasis of Matter paragraphs, in an auditor’s report prepared in accordance with the International Standards on Auditing.

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Centre for Financial Reporting

Centre for Financial Reporting

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Standard-setters viewpoints

Related Publications

FASB Tentatively Decides on Fair Value Measurement for Crypto Assets

Twenty-Year Review of Audit & Non-Audit Fee Trends

Spotlight: Observations from the Target Team’s 2021 Inspections

Spotlight: Audit Committee Resource

Reporting Going Concern Matters in the Auditor’s Report

Correction list for hyphenation