Accounting Standards Chief Tackles Crypto, Tax Law

Richard Jones took the helm of the board charged with writing US accounting rules the same year the coronavirus pandemic upended the economy. Jones and the six other members of the Financial Accounting Standards Board had to act quickly to tackle questions on how to use accounting standards during such an uncertain time. Two years later, FASB is plotting its next big moves, including writing rules for buzzy topics like cryptocurrency and figuring out how the new tax-and-climate law will impact its work. On this episode of Talking Tax, Jones speaks with Bloomberg Tax's Nicola M. White about FASB's agenda and how the standard-setter works with a Securities and Exchange Commission that's increasingly active in accounting issues. Do you have feedback on this episode of Talking Tax? Give us a call and leave a voicemail at 703-341-3690.