Accounting standards

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.

The board imposed monetary penalties and sanctions Tuesday against two firms that had been working with unregistered Chinese auditors.

Client accounting and advisory services are the clear pathway to exponential growth for today’s firms.

Richard Jones has been poring over the feedback the board received from a recent consultation on its future standard-setting agenda to decide on new projects to take on.

The board released its 2021 annual report on Thursday, highlighting its main accomplishments as it transitioned to a mostly new board.

Actively looking to leverage lessons learned from public company implementations, private companies are now leading the charge in developing lease accounting efficiencies.

The CSRC called for faster implementation of a new rule surrounding overseas listings that may remove a hurdle for U.S. regulators.

The FRC is toughening up the regulation of Britain’s biggest auditors, as the sector faces heavy criticism over a string of high-profile finance scandals.

The International Auditing and Assurance Standards Board released a revised standard Thursday to focus on the special considerations that apply to audits of group financial statements.

The IFRS Foundation is teaming up with CPA Canada to set up a Montreal center for the new board, in addition to a location in Frankfurt, Germany.