Accounting standards

KPMG International reported the annual aggregated revenues of its member firms around the world grew 10% to $32.13 billion for the fiscal year ending Sept. 30, 2021.

Making the most of this booming service line requires firms to rethink everything from partner comp to client strategies.

Client accounting services 2.0 is coming: It’s time to take your practice to the next level.

A global survey of investment professionals covers accounting for goodwill, related disclosures, and how those issues are affecting analysis and investment decision-making.

The Value Reporting Foundation released a set of Integrated Thinking Principles and updated Sustainability Accounting Standards for three different industries.

Doctors and health care organizations are dealing with not only the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards.

The Federal Accounting Standards Advisory Board released an interpretation of the accounting rules around reporting debt cancellation for the federal government.

The football club's offices were searched by Italian financial police seeking information about player trading between 2019 and 2021.

The Public Company Accounting Oversight Board is regrouping with a slate of new board members recently appointed by the Securities and Exchange Commission, and it approved its fiscal year 2022 budget during a rare open meeting on Tuesday.

The Financial Accounting Standards Board issued a proposed accounting standards update that would expand the disclosures under its credit losses standard.

Neglecting the administrative side of running a business can impact its longevity.

More companies have issued financial restatements in the second quarter of 2021 than any year since 2013, driven in part by recent SEC guidance on SPACs.

The ASU requires businesses to disclose information about some types of government assistance they receive within the notes to their financial statements.

Over two-thirds of respondents to a new survey also expect to add new team members in the coming year.

The collapsed payment processor is set to depart Germany's main exchange in Frankfurt next week after an accounting scandal.

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.

The claimants allege that KPMG “failed to maintain independence and an appropriate attitude of professional skepticism" in the insolvency of Dubai private-equity firm Abraaj Group.

The institute joins two other groups in withdrawing because of the involvement of officials from Myanmar.

The Financial Accounting Standards Board voted Wednesday against deferring the lease accounting standard for a third time for private companies and not-for-profit organizations.

The board will be considering a proposal at a meeting Wednesday to postpone the standard for another two years.