Hillary Salo, who currently serves as vice chair of the Financial Accounting Standards Board and chair of the Emerging Issues Task Force, will succeed Richard Jones as FASB chair next year.
Proposed rules drafted on Tuesday look to clarify how the current definition of cash equivalents applies to certain digital assets, such as stablecoins, and to increase transparency about the significant components of cash equivalents.
Goodwill accounting is back on the menu at FASB, four years after the accounting standards body dropped a project to revise the model for writing down the intangible asset.
