Accounting standards

Well more than half of accounting firms offer more than three distinct services to business clients.

The consulting practices of accounting firms saw their revenues increase 15.9 percent in 2018 to surpass $2 billion for the first time ever, reaching $2.1 billion, according to a new report.

The deal will encompass more than 250 accounting, tax, and advisory member firms in nearly 100 countries.

Last Wednesday I spent the day in Manhattan and some things occurred that I would like to share here.

Under Armour Inc. shares plunged after the company disclosed that federal officials have been probing its accounting practices for more than two years, bringing a fresh headache to investors just as the sports brand prepares for a CEO transition.

Public companies reached the deadline for compliance with the new lease accounting rules in January, but their journey is far from over.

The new resource offers regulatory content, an online community and an expert helpdesk.

The new standard transforms the rules that govern accounting for nearly all types of leases, including real estate, vehicle and equipment.

CEO Steve Heathcote plans to expand the association, especially in Asia and Europe.

Despite a series of accounting scandals, the major firms are increasing their dominance.

The group who oversee the Financial Accounting Standards Board and the Governmental Accounting Standards Board, have begun a search for a new leader.

Accounting-as-usual needs to change if we are to change business-as-usual.

The board aims to help community banks and credit unions with the new standard.

A new CPA Trendlines study finds firms aren’t achieving all they hoped for with the service.

Environmental, social and governance reporting is filled with competing sets of rules, according to accounting standard-setters and experts.

The board approved proposals to delay the effective dates of its leases, credit losses, hedging and long-duration insurance contract standards.

Audit is changing. Technology is the primary driver of what has become a movement to change not just the tools but also the entire process and methodology of audit in the accounting profession.

The International Federation of Accountants issued a report indicating strong support for international accounting and auditing standards, particularly in areas where IFAC member organizations are involved in the process from beginning to end.

The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model.

Rising tensions between Washington and Beijing have prompted some White House officials to fixate on a provocative question with big implications for global markets: Why can Chinese companies sell shares in the U.S. when American regulators are barred from inspecting their books?