Accounting standards

Over one-third of U.S. public company audits rely on at least one audit firm abroad, according to new research.

The International Ethics Standards Board for Accountants released a report on its accomplishments over the past four years in setting ethical standards around the world.

The Institute of Management Accountants reported record growth in 2020 despite the impact of the COVID-19 pandemic on the accounting profession.

While organizations would like to see improvement, the consensus is that big updates could make future implementations more confusing.

A recent survey shows that many bookkeepers have begun offering strategic advice this year — some without even realizing it.

The change would make it easier for private companies and nonprofit organizations to evaluate a goodwill triggering event.

President Donald Trump on Friday signed legislation that could kick Chinese companies off of U.S. exchanges unless American regulators can review their financial audits, a move likely to further escalate tensions between the two countries.

The International Auditing and Assurance Standards Board has issued a set of three revised standards aimed at improving quality management for auditors across the globe.

Business owners don't have the time or expertise to deter bookkeeping fraud.

The board’s proposed ASU offers specific guidance on certain recognition and timing issues.

FASB has a project to review goodwill accounting — again. Here's an idea it might want to consider.

The head of Germany’s accounting regulator faces scrutiny after telling a parliamentary committee that he traded Wirecard AG shares while his agency was reviewing the now bankrupt payment company’s external audits.

The International Federation of Accountants reiterated its call this week for an international sustainability standards board under the purview of the International Financial Reporting Standards Foundation.

The International Accounting Standards Board is looking into the standards for consolidated financial statements, or group accounting.

Hong Kong has received the first access to financial audits from mainland Chinese companies, an issue that has vexed relations between the U.S. and China and threatens to lead to the delisting in New York of giants such as Alibaba Group Holding Ltd.

Stakeholder engagement and feedback are critical to standard-setting, says Richard Jones.

An income statement summarizes revenues and expenses and then reports profits. Isn’t that just like the Christmas letter that summarized all the year’s activities?

Companies discussed taxes, followed by goodwill and/or intangibles, most frequently during their first year of disclosures of critical audit matters, according to a new report from the Center for Audit Quality.

Auditors have taken a number of steps to address pandemic-related issues, according to a new publication from the Public Company Accounting Oversight Board.

The future of the field lies in directing the orchestra, not playing in it