Accounting standards

Ratcliffe and other senior Ineos executives caused tension with the company’s auditor, PwC.

The Association of Chartered Certified Accountants is connecting its members and affiliates with each other after a successful pilot test in six markets.

KPMG is already starting to use the new standards to improve audit quality globally.

If the pandemic has a silver lining, it’s that the global accounting world is becoming smaller and borderless.

At least 39 states did not have enough money to pay all of their bills at the end of 2019, leaving them ill-prepared to shoulder the costs of the novel coronavirus pandemic, according to a new report.

Now that U.S. companies have experienced two fiscal quarters in the midst of the novel coronavirus pandemic, quarterly reporting for Q3 doesn’t seem to be getting any simpler, according to a new report from Deloitte.

KfW, Germany’s third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country’s Wirecard accounting scandal.

Germany’s financial regulator is considering opening a probe into Grenke AG’s accounting practices, wading deeper into the controversy after criticism of its failure to unearth fraud at Wirecard AG.

COVID-19 doesn’t seem to be having an impact on such disclosures, according to a report from Ernst & Young.

The Financial Accounting Standards Board is offering a practical expedient to the current revenue recognition rules for franchise businesses.

The changes would enhance the transparency of how nonprofits report contributed nonfinancial assets.

The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.

A former FASB chair believes the "revolving door" from firms to regulators and back is good for the capital markets.

Richard Jones is making post-implementation reviews of standards one of his top priorities, and taking a closer look at FASB’s crowded agenda.

Large firms have been reporting revenue increases amid the pandemic.

Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.

The annual poll gathers input on key performance indicators, management strategies, staffing and financial results from accounting practices across the country.

The Carbon Disclosure Project, the Climate Disclosure Standards Board, the Global Reporting Initiative, the International Integrated Reporting Council and the Sustainability Accounting Standards Board will work on a common set of disclosures.

EY earned a record $37.2 billion in the fiscal year ending June 30.

It doesn’t need to be an oxymoron.