FASB moves to clarify accounting rules for complex business deals 

FASB took a step towards simplifying the complex world of business combinations involving Variable Interest Entities (VIEs), voting unanimously on July 17, 2024, to propose new rules aimed at clarifying the identification of the accounting acquirer. 

Accounting pipeline task force calls out 6 fixes 

Reducing the time and cost of education needed to become a licensed CPA and raising starting salaries were among the solutions proposed in the final report.