Accounting standards

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.

CPA Australia and CA ANZ have withdrawn from an upcoming conference in Singapore due to the involvement of officials from Myanmar.

The Securities and Exchange Commission has appointed longtime SEC official Erica Y. Williams as the new chair of the Public Company Accounting Oversight Board, and named three new members.

The commission approved a rule to ensure the Public Company Accounting Oversight Board can inspect firms in other countries, especially China.

A U.K. Treasury report that almost ignores the long-term costs of not reducing emissions highlights the need to account for the environment.

The International Federation of Accountants debuted eIS, a new way to access global auditing, assurance, ethics and public sector accounting standards online.

Are we overstating the work involved to implement the new lease accounting standard?

The accounting profession is increasing its involvement with sustainability issues as the United Nations hosts world leaders at its COP26 climate change conference in Glasgow, Scotland.

The Financial Accounting Standards Board proposed an accounting standards update Monday that would modify the disclosure requirements for interim financial reporting.

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination.