Accounting standards

The fraud that brought down tiny Commerzialbank Mattersburg im Burgenland AG raises questions for financial regulators and auditors that have uncomfortable echoes of the Wirecard AG debacle in neighboring Germany.

PPC Ltd., South Africa’s largest cement maker, plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time.

The Governmental Accounting Standards Board is working on developing new standards for state and local governments to use under its new chair, Joel Black, while responding to the novel coronavirus pandemic.

The board is considering a proposal aimed at reducing the cost and complexity for private companies when they need to decide on the fair value of the shares underlying a share-option award on its grant date or modification date.

Former Wirecard AG executive Jan Marsalek was added to Interpol’s red notice list, sparking a worldwide manhunt for one of the executives allegedly at the center of a multibillion-euro accounting scandal at the fintech company.

Payroll companies need guidelines on how to implement President Trump's executive order before they can start processing paychecks next month.

Post-implementation reviews enable FASB to identify and deal with any areas for improvement stemming from either adoption or implementation of a standard.

China’s securities regulator said it has sent U.S. authorities a fresh proposal about co-auditing Chinese firms, days after Washington moved to tighten rules for stock listings from the Asian nation.

A high-powered group of U.S. regulators said stock exchanges should set new rules that could trigger the delisting of Chinese companies, following mounting concerns that investors are being exposed to frauds.

The COVID-19 pandemic flipped our working world on its head.

The update promises to improve financial reporting associated with accounting for convertible instruments and contracts in an entity’s own equity.

Intuit Inc. has agreed to acquire TradeGecko, a Singapore-based inventory and order management software platform for small retailers and wholesalers in more than 100 countries.

The six largest credit card issuers have set aside billions of dollars worth of reserves in response to the novel coronavirus as well as the adoption of the Financial Accounting Standards Board’s new credit losses standard.

LeaseAccelerator, which makes lease lifecycle management software, has released EZLease, an automated lease calculator.

The service is implementing a new temporary procedure for faxing the duplicate copy of Form 3115 for companies applying for an automatic change in accounting method.

More than half the companies that completed their first audits under the new standard needed to make an extra effort.

The Governmental Accounting Standards Board is proposing a set of improvements in how state and local governments report on their financial condition.

Former Wirecard AG Chief Executive Officer Markus Braun and two other former officials were arrested as prosecutors said the company knew about massive losses as early as 2015.

PrimeGlobal, an international association of independent accounting firms, reported 10 percent growth Tuesday in aggregate revenue of its member firms, reaching a total of nearly $3 billion for the fiscal year ending May 31, 2020.

The International Federation of Accountants called on national leaders to stay focused on long-term progress alongside their immediate priorities for the coronavirus pandemic.