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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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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FASB Completes Conceptual Framework, But Differences with IASB Remain
Scott Ehrlich spoke with the CPA Journal on whether the FASB’s newly finalized Concepts Statements will change the way practitioners will apply U.S. GAAP.
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Plan for New Accounting Rules on Software Cost
Shortly, the FASB will be proposing sweeping new rules around the accounting for software development costs. The Wall Street Journal asked Scott Ehrlich, President of Mind the GAAP, to share his perspectives on the FASB recommendations.