Accounting standards

The Global Reporting Initiative has confirmed Eelco van der Enden, a partner at PwC Netherlands, as its next CEO, starting Jan. 1, 2022.

The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching.

The accounting standards update would help nonpublic companies that provide equity-classified share-based awards to executives.

The International Ethics Standards Board for Accountants has released its 2021 Edition of the Handbook of the International Code of Ethics for Professional Accountants, including International Independence Standards.

Accounting standards, measurements of risk and return and thematic-driven strategies have all been refined and improved in recent years.

The board is changing the term Comprehensive Annual Financial Report because the abbreviation is often pronounced the same way as a derogatory term.

Two people charged over the accounting scandal at the furniture retailer must stand trial in Germany.

The firm expects roughly $28.9 million for its first year as administrator of the collapsed lender’s U.K. operations.

The institute released a new standard to help auditors assess the risks of material misstatement.

The board staff issued guidance on some of the considerations auditors should have about the relevance and reliability of information they get from external sources and plan to use as audit evidence.

The struggling U.K. fashion retailer has failed to keep pace on price with its high-street rivals and has been closing stores.

Gabriela Figueiredo Dias will become the first chairwoman of the International Ethics Standards Board for Accountants on Jan. 1, 2022.

The Global Reporting Initiative unveiled its revised Universal Standards on Tuesday to reflect due diligence expectations for organizations to manage their sustainability impacts, including on human rights.

Chargebee, a subscription billing and revenue management software company, has bought RevLock, a revenue recognition software developer.

Privately held companies are putting off implementation of the new lease accounting standard, even as the effective date approaches.

The board has issued a supplemental call on its proposals surrounding lead auditors’ responsibilities.

The U.K.’s accounting watchdog has imposed sanctions against Grant Thornton Ltd., and a partner at the business, for its role in the alleged accounting fraud at the Patisserie Valerie bakery chain.

The framework will govern how the board determines if it can’t inspect or investigate a foreign accounting firm.

Boards, shareholders, and auditors alike will want to know CECL’s impact.

The amendments aim to improve the comparability of financial information from companies with investments in equity securities.