House Republicans hold FASB hostage with threat to cut funding

Imagine if Congress could change accounting rules whenever lobbyists object. That’s what some House Republicans are trying to do. They’re essentially holding the FASB hostage, threatening to slash funding unless they kill specific disclosure requirements.

Here's what else caught our attention in Episode 446 of The Accounting Podcast:

  • Sam Altman is sounding the alarm on voice authentication, which is still used by major banks

  • Accounting degrees are crushing it with a 261% ROI—fourth best among ALL majors

  • Private equity's $28.7 billion shopping spree in CPA firms (and what it means for independence)

  • The accounting reason Stephen Colbert's show got canceled by CBS

  • Bitcoin's transformation from retail speculation to institutional asset

  • How tariff uncertainty has created a planning nightmare for businesses

🎧 Listen now: https://accounting.show/446