Accounting standards

The International Federation of Accountants teamed up with the Institute of Chartered Accountants on the latest installment of an educational series.

The board censured PricewaterhouseCoopers’ Canadian firm and imposed a $750,000 penalty, saying over 1,200 employees shared answers to tests during mandatory training courses.

A boom in ESG debt has created some accounting concerns that need of regulatory attention, according to Europe’s markets watchdog.

Public offers; a second soda tax mess; never fail to put off; and other highlights from our favorite tax bloggers.

The board proposed a set of revisions to address the impact of technology innovation on the profession.

ASU 2020-06 simplifies accounting for convertible debt and free-standing equity-linked instruments.

The Top 30 Firm is expanding its local, state and federal government client base, effective March 31.

The Swiss chemicals maker is investigating allegations by internal whistleblowers that staff manipulated accounts to meet financial targets.

The Value Reporting Foundation released a guide to the SASB standards with industry-specific guidance on how boards of directors can use SASB standards.

The collapse of U.K. builder Carillion four years ago is now threatening to inflict more than reputational damage on its former auditor, KPMG.

Everyone has called for binding accounting requirements for digital assets. Yet as of this writing, no U.S. GAAP standards are in development.

The International Public Sector Accounting Standards Board has issued its own leasing standard for the public sector.

The Public Company Accounting Oversight Board is once again forming an Investor Advisory Group and starting a new Standards and Emerging Issues Advisory Group after the old board came under sharp criticism for scrapping its outside advisory groups.

EY's Marie-Laure Delarue discusses how accountants can help companies with their ESG reporting, and the formation of the new International Sustainability Standards Board.

The commission warned on Friday that filers are using the wrong XBRL tags for reporting their finance lease liability and future payments.

Signs of contagion are rippling through China’s property industry, with a spate of auditor resignations deepening concerns about developers’ financial health.

The American Institute of CPAs has updated its practice aid for accounting and auditing of digital assets, with added material on cryptocurrency.

IASB vice-chair Sue Lloyd will become vice-chair of the new board, while Value Reporting Foundation CEO Janine Guillot will be special advisor to the ISSB's chair.

The company can start paying out $1.6 billion to investors who lost out in the wake of the retailer’s 2017 accounting scandal.

Eelco van der Enden is planning to work with the nascent board, while maintaining GRI’s independence.