--- title: Audit, Compliance and Risk Blog | STP | AICPA description: AICPA | STP's blog giving insight into audit, compliance and risk issues for EHS, business and accounting. --- [![Specialty Technical Publishers](https://blog.stpub.com/hubfs/STP-logo-white-orange.png)](http://www.stpub.com/) - [My Account](http://stponline.stpub.com) - 1-800-251-0381 # Audit, Compliance and Risk Blog ## [The FASB Turns 40—A Look-Back over Four Decades of Rulemaking](https://blog.stpub.com/bid/179322/The-FASB-Turns-40-A-Look-Back-over-Four-Decades-of-Rulemaking) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Thu, May 16, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-39860466-png/images/40.png) ](https://blog.stpub.com/bid/179322/The-FASB-Turns-40-A-Look-Back-over-Four-Decades-of-Rulemaking) The accounting standard-setter for companies in the United States, the Financial Accounting Standards Board (FASB) is celebrating its 40th anniversary this year—and for all 40 years of the FASB’s existence, I have been practicing as a certified public accountant (CPA), both in public and industry accounting. I currently author this blog and work on a consulting basis with companies to help them understand the accounting rules as well as the way in which they are developed and issued by the FASB and other standard-setters. From this perspective, I will provide a mix of historical facts and some of my own personal views on the development of U.S. accounting rules. [Read More](https://blog.stpub.com/bid/179322/The-FASB-Turns-40-A-Look-Back-over-Four-Decades-of-Rulemaking) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/179322/The-FASB-Turns-40-A-Look-Back-over-Four-Decades-of-Rulemaking#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [Accountants](https://blog.stpub.com/topic/accountants), [AICPA](https://blog.stpub.com/topic/aicpa) ## [Separate ‘Baby GAAP’ Board for Private Companies Rejected in the U.S.](https://blog.stpub.com/bid/142445/Separate-Baby-GAAP-Board-for-Private-Companies-Rejected-in-the-U-S) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Thu, Jun 07, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060538-jpg/images/ron_pippin_w_border.jpg) ](https://blog.stpub.com/bid/142445/Separate-Baby-GAAP-Board-for-Private-Companies-Rejected-in-the-U-S) For the foreseeable future, the accounting standard setter in the United States, also known as the Financial Accounting Standards Board (FASB), will continue to set generally accepted accounting principles (GAAP) for private companies. The trustees of the Financial Accounting Foundation (FAF), the oversight body of the FASB, recently rejected the concept of establishing a separate accounting board that would prescribe GAAP for private companies, sometimes termed “baby GAAP.” They concluded that the FASB should continue to set GAAP for *all* companies that report financial results in the United States. [Read More](https://blog.stpub.com/bid/142445/Separate-Baby-GAAP-Board-for-Private-Companies-Rejected-in-the-U-S) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/142445/Separate-Baby-GAAP-Board-for-Private-Companies-Rejected-in-the-U-S#comments-listing) Tags: [Business & Legal](https://blog.stpub.com/topic/business-legal), [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [AICPA](https://blog.stpub.com/topic/aicpa), [US GAAP](https://blog.stpub.com/topic/us-gaap), [GAAP](https://blog.stpub.com/topic/gaap) ## [GAAS Rules Are Being "Tweaked" for Calendar Year 2012 Audits](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Thu, May 24, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060110-jpg/images/ron_pippin_photo.jpg) ](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits) The American Institute of Certified Public Accountants (AICPA) is in the final stages of updating its generally accepted auditing standards (GAAS) for financial statement audits of companies in the United States that are not subject to the rules and regulations established by the Public Company Accounting Oversight Board (PCAOB). Several years ago the AICPA decided its auditing standards should be updated to make them clearer, and at the same time strive to conform them to the standards issued by the International Auditing and Assurance Standards Board. [Read More](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/140718/GAAS-Rules-Are-Being-Tweaked-for-Calendar-Year-2012-Audits#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [AICPA](https://blog.stpub.com/topic/aicpa), [Clarity Project](https://blog.stpub.com/topic/clarity-project), [GAAS](https://blog.stpub.com/topic/gaas) [All posts](https://blog.stpub.com/all) ### Follow Me ### Subscribe by Email ### Browse by Topic Area - [Accounting & Tax ](https://blog.stpub.com/topic/accounting-tax) - [Business & Legal ](https://blog.stpub.com/topic/business-legal) - [Corporate Governance  ](https://blog.stpub.com/../?Tag=Corporate+Governance) - [Environmental ](https://blog.stpub.com/../?Tag=Environmental) - [Global ](https://blog.stpub.com/../?Tag=Global) - [Health & Safety ](https://blog.stpub.com/topic/health-safety) - [Internet ](https://blog.stpub.com/../?Tag=Internet) - [Transportation ](https://blog.stpub.com/../?Tag=Transportation) ### Browse by Tag - [Environmental (344)](https://blog.stpub.com/topic/environmental) - [Business & Legal (309)](https://blog.stpub.com/topic/business-legal) - [Environmental risks (300)](https://blog.stpub.com/topic/environmental-risks) - [Health & Safety (296)](https://blog.stpub.com/topic/health-safety) - [EPA (283)](https://blog.stpub.com/topic/epa) - [Terms & Conditions](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-Terms-of-Use-Dec-20.pdf) - [Privacy Policy](https://stphub.stpehs.com/wp-content/uploads/2020/12/STP-Privacy-Policy.pdf) - [License Agreement](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-License-Agreement-Dec-20.pdf) - [Sitemap](http://stpub.com/sitemap) - [Support](http://stpub.com/support) © 2021 STP ComplianceEHS - All rights reserved