Post-implementation review

A&A

Issues Persist With GASB Standard on Impairment of Capital Assets

A review team recently concluded that accounting guidance for governments on capital asset impairments and insurance recoveries does provide pertinent information to financial statement users but does not resolve all issues underlying its purpose.
A&A

FASB Share-Based Payment Rule Gets Mostly Positive Review

However, private company stakeholders told a Financial Accounting Foundation review team that the 2004 accounting standard is sometimes difficult to understand and is costly to apply.
A&A

FAF: Accounting for Income Tax Standard Achieves Purpose

The post-implementation review team of the FAF concluded on November 19 that, while complex, a 1992 accounting standard addressing accounting for income taxes generally achieves its purpose.

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