Accounting standards

The Malaysian government is seeking more than $5.6 billion from the auditors over their role in auditing the state investment fund.

The South African-Dutch-German retailer may soon release a revised proposal to resolve more than $8 billion of legal claims after a previous deal recently fell through.

The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected.

IFAC signed an agreement with two global health groups to improve accounting practices in the public health sector.

Having completed many of its major current projects, the board is looking for suggestions on what to work on going forward.

Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization.

The SEC has tweaked certain accounting rules and is considering doing more.

The tax prep giant's financial technology innovation arm is adding new accounts receivable features to its bookkeeping software.

U.S. oil and gas companies, along with their investors, may not be doing enough to reflect the impacts of the climate crisis in their financial reports.

KPMG U.K. Ltd. faces a 15 million pound ($21 million) fine after it committed “gross misconduct” over a conflict of interest when it advised bed manufacturer Silentnight and the private equity firm that bought it in 2011.

Find out why the recent guidance from the SEC on how SPAC warrants are classified requires careful consideration of the specific facts and circumstances for each entity and each contract.

The board released a proposed ASU with the goal of improving the guidance for lessees that are not public businesses.

The Big Four firm is investing in an overhaul targeting better audits, digitization of services and greener operations.

PricewaterhouseCoopers is restructuring its U.S. firm into two business segments, and redefining its global strategy around the concept of trust.

The International Auditing and Assurance Standards Board issued two new implementation guides Monday for its recent quality management standards.

The board released updated implementation guidance for its leases standard, along with other accounting standards for state and local governments.

A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade.

Telling your clients the story behind the numbers is critical to client accounting services.

The institute's Auditing Standards Board amended its standards Tuesday to include guidance in two areas.

Almost three-quarters of inspections showing sub-par work, according to the watchdog.