The Financial Accounting Standards Board, FASB, is a private, independent organization that since 1973 has been given the authority by the U.S. Securities and Exchange Commission, or SEC, to establish ...

FASB issued an Accounting Standards Update (ASU) that incorporates 14 SEC disclosure requirements into the FASB Accounting Standards Codification, a set of amendments covering a variety of topics that ...

In 2009, FASB’s Accounting Standards Codification will affect the day-to-day work of nearly every CPA who practices, teaches or researches accounting in accordance with U.S. GAAP. By July 2009, FASB ...

Congress has formally reorganized and modernized portions of federal procurement and public works law through a process known ...

Often, from the standpoints of legal expertise, the state and business interests, the idea of modernizing the law through the enactment of systematic legal codes has very powerful appeal. But ...

THE tort law deals with cases of civil wrong that one commits towards another for which remedy may be obtained, usually in the form of damages. For instance, if a doctor performs an operation by using ...

THE very wise and practical statesmen who in 1787 assembled in Philadelphia to frame a charter of government for the thirteen states, which should "form a more perfect union" than the existing ...

To understand positive law codification, it helps to know something about the U.S. Code. The Code was adopted in 1926 for the purpose of arranging the general and permanent federal statutes by subject ...