News & Insights
Accounting Chair Pushes for New Cash Flow Statement
SThe FASB is considering significant changes to the statement of cash flows. Scott Ehrlich of Mind the GAAP and other industry leaders provided context on why these changes might be needed.
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Companies Rush to Market Only to See Deals Falter Over Financial Reporting Gaps
Scott Ehrlich, President of Mind the GAAP, discusses why “almost sellable” businesses are having trouble closing investment rounds because of weak financial governance and technical accounting mistakes.
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Big M&A’s Favorite Asset May Get an Accounting Break
This Bloomberg article discusses a potential change in the way companies would test goodwill for impairment, with thoughts provided by Scott Ehrlich, President of Mind the GAAP.
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Accounting Rulemaker to Delve Into Crypto in 2026
Mind the GAAP’s President, Scott Ehrlich, was asked by the Wall Street Journal to share his perspectives on the FASB’s push to create rules around derecognition of crypto assets.
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Accounting Firms Back US Board’s Preferred Stock Dividends Plan
In this Bloomberg article, Scott Ehrlich of Mind the GAAP helps clarify the FASB’s new proposal on the accounting for paid-in-kind dividends.
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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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