Oil, Gas Industry’s Accounting ‘Loophole’ Frustrates Investors
In this Bloomberg article, Scott Ehrlich of Mind the GAAP discusses a quirk of the asset retirement obligation rules in U.S. GAAP that may benefit some oil & gas companies.
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Corporate Income Tax Disclosure Deadline Nears Amid GOP Pushback
As some members of Congress threaten the FASB over its new income tax disclosure requirements, Bloomberg Tax reached out to Scott Ehrlich of Mind the GAAP for comment.
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Should the FASB Include the Basis for Conclusions in the Codification?
he National Association of Real Estate Investment Trusts (Nareit) has urged the FASB to embed the “Basis for Conclusions” directly into the Accounting Standards Codification (ASC). Scott Ehrlich of Mind the GAAP disagrees.
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Crypto, Equity Accounting Among Top Agenda Requests for US Board
In this Bloomberg article, Scott Ehrlich of Mind the GAAP answers questions on the 2025 Invitation to Comment – FASB Agenda Consultation.
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Mind the GAAP – ITC (Agenda Consultation)…
Today, Mind the GAAP provided feedback on approximately 85 projects that stakeholders have asked the FASB to consider undertaking. We further identified one additional area – Subsequent Events – that we believe requires wholesale reconsideration.
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