Accounting standards

The board described some broad steps Wednesday to achieve the baseline by the end of the year.

The Big Four firm will pay more than $17.1 million over misconduct on major work it carried out for collapsed Carillion Plc and data services company Regenersis.

The International Public Sector Accounting Standards Board issued a consultation paper on natural resources on Monday to consider various issues relating to recognition, measurement and presentation of natural resources by public sector entities.

Columnist emeritus Paul Miller returns for another installment of “The Spirit of Accounting” to ask if standard-setting should be taken out of accountants’ hands.

The board voted to add a project to improve the accounting for and disclosure of certain digital assets, such as cryptocurrency.

The board asked for input on a proposal for a sustainability reporting framework, echoing recent moves in the private sector.

The Federal Accounting Standards Advisory Board is looking for feedback on an exposure draft of a proposed set of technical clarifications and amendments on lease accounting for the federal government.

The board issued guidance Monday to address different accounting and financial reporting issues it identified.

The U.S. banned American accounting and consulting firms from working with Russia and imposed its first sanctions on Gazprombank as part of a package of new penalties targeted at Moscow.

U.S. regulators expanded the list of businesses that face possible expulsion from American exchanges because of Beijing’s refusal to allow access to the businesses’ audits.

The revamped board updated its standard-setting and research agendas Wednesday as it takes on new projects.

Governmental Accounting Standards Board chair Joel Black has plans as GASB prepares to issue new standards on compensated absences, accounting changes and error corrections, while also weighing issues like digital assets, electronic financial reporting and subsequent events.

The institute is continuing a tradition that dates back to the 1990s as a way to highlight the work of the profession.

The auditor refused to provide an opinion on the accounts after the embattled German landlord withheld information on some deals.

Administrators for NMC Health sued EY over claims of negligent auditing spanning six years.

Audit fees in the U.S. appear to be climbing at a faster pace in recent years than in Canada and Europe, according to a new survey from the International Federation of Accountants.

New rules make the accounting easier, but traps remain for awards that are not carefully structured. Don’t procrastinate.

The Financial Reporting Council also issued a severe reprimand against the auditing giant and sanctioned the engagement partner roughly £40,000.

U.S. accounting firms can work with their counterparts in Ukraine to support the country as it endures the Russian invasion while also getting some much-needed help with their own work as labor shortages continue in the U.S.

The board issued a proposed update Wednesday that would give preparers more time to use its earlier reference rate reform relief guidance.