Accounting standards

The board released a standards update to improve the accounting for modifications or exchanges of freestanding equity-classified written call options, such as warrants.

The International Ethics Standards Board for Accountants has revised its ethics standards to safeguard auditor independence for non-assurance services and associated fees.

A group organized by the United Nations has already come up with a global framework of sustainability standards.

Xero client data can now be fed into Botkeeper's bookkeeping platform for reconciliation.

A former audit partner is facing disciplinary action in the Netherlands for an improper audit prior to the South African retailer’s near collapse more than three years ago.

The international board released four proposals for improving various aspects of government accounting.

The pacts expand the audit firm inspector's reach across Europe.

The amendment promises to reduce losses at the beginning of some types of leasing contracts.

Firms can use Botkeeper to outsource bookkeeping services starting at $10,000 per year.

The disgraced Chinese coffee chain replaced its auditor and said it secured $250 million in funds from a pair of private equity firms.

The board proposed changing “comprehensive annual financial report” to “annual comprehensive financial report” because the abbreviation sounds like a racist term in South Africa.

The memorandum of understanding with the Vietnam Ministry of Finance aims to advance the internal audit profession in Vietnam.

The board released an ASU that helps the organizations decrease the complexity of performing a goodwill triggering event evaluation.

The new SAG replaces the board's two previous advisory bodies.

The commission is starting to implement a tough law passed at the end of the Trump administration, aimed largely at Chinese stocks.

Initial enthusiasm for change inspired by the country’s biggest postwar accounting scandal is waning in the face of political opposition.

The Financial Accounting Standards Board said Tuesday the Securities and Exchange Commission has accepted the latest updates to the GAAP Taxonomy for filing financial statements with the SEC.

An Ernst & Young partner said his firm fell victim to “criminals,” rejecting allegations EY didn’t do enough to uncover wrongdoing at the now-defunct payment processor.

Most of the insurers that provided the company with director-liability policies have agreed to pay as much as $93 million toward settlements resulting from a 2017 accounting crisis.

Top executives at companies hit by accounting scandals could lose their bonuses under U.K. proposals for beefed-up regulation after a wave of corporate collapses including Carillion Plc and travel firm Thomas Cook Group Plc.