Accounting standards

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.

How many of us U.S.-born CPAs could move to another country and communicate well enough to advance in a CPA-related job where that country’s main language is not English?

Trullion's software uses artificial intelligence to read unstructured data and translate it into real-time financial reports.

Audit committee chairs may not be fully able to grasp certain detailed comments from the PCAOB or respond appropriately on behalf of the company.

The institute named Gwen van Berne as its sixth female chair-elect and the first to reside abroad.

The International Federation of Accountants convened a meeting of leaders of accounting organizations to advance sustainability reporting as momentum builds worldwide for consistent environmental, social and governance reporting.

Deloitte LLP faces a probe by the U.K.’s accounting regulator into its audits of financial statements by Lookers Plc.

Zeni, a bookkeeping and accounting finance startup that leverages artificial intelligence, officially debuted Tuesday.

Global organizations that set corporate reporting standards failed to keep pace with the ESG boom, opening the door to greenwashing, mispricing and bubbles, according to one such group.

The Governmental Accounting Standards Board is looking for feedback on a proposal to improve the guidance on compensated absences for state and local government employees, along with disclosure requirements.

Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet.