United States

The Private Company Council of the Financial Accounting Standards Board met on April 20 to address various technical matters, including its proposal for an accounting standards update for stock compensation . . .

The Financial Accounting Standards Board on May 3 issued an updated standard clarifying an issuer’s accounting for certain modifications or exchanges of freestanding equity-classified written call options . . .

The Financial Accounting Standards Board (FASB), on May 5, issued a proposed accounting standards update to enhance the transparency of hedging activities for investors and analysts . . .

Sportswear manufacturer Under Armour Inc. has agreed to pay $9 million to settle a May 3 charge from the Securities and Exchange Commission that it misled investors . . .