World Accounting Report
US update: July 2019
FASB
The FASB has been busy of late and recent news covers a variety of topics ranging from its work related to the reform of benchmark
interest rates to issuing a public consultation on accounting for goodwill and other intangibles. The latter topic will be
covered next month in a News and Analysis article comparing the approaches of FASB and the IASB. Key points on other topics
are summarised below.