The U.S. accounting rules issued by the Financial Accounting Standards Board (FASB) can be found on its free website www.fasb.org/st/. There you will find:
- FASB Statements (Statements of Financial Accounting Standards)
- FASB Interpretations
- FASB Technical Bulletins
- FASB Emerging Issues Task Force (EITF) Abstracts
- FASB Concepts (Statements of Financial Accounting Concepts)
Each of the "FASB Statements" has three options: Text, Summary, and Status. The Status option provides the issue date, the effective date, and a listing of the other pronouncements that are affected by the Statement.
In the left panel of the website, the first four links (Recent Additions, Action Alert, Project Activities, and Exposure Documents) allow you to monitor the status of rules being developed by the FASB.
For information on worldwide accounting rules we recommend another free website, www.AccountingEducation.com. Through its "Newsletter" tab, you can subscribe to its free weekly email newswire, Double Entries. It is "the oldest Newswire in the World." Double Entries includes summaries and links to important accounting news—sorted by country.