Accounting standards

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?

The 50 states have accumulated a combined $1.5 trillion in debt related to pension and other post-employment benefits, while elected officials claimed balanced budgets.

Payroll processors are anticipating closer scrutiny after a high-profile scandal.

Jody Grunden of Summit CPAs describes how his firm found success in outsourced services with a virtual model.

13 Democratic senators want more country-by-country information from companies.

Input on the initial invitation to comment is due by October 7.

The Hong Kong Institute of Certified Public Accountants signed a Statement of Protocol on oversight arrangements with the Financial Reporting Council, a regulatory body for audit firms in the United Kingdom

The Governmental Accounting Standards Board proposed accounting and financial reporting guidance for state and local governments to help them transition away from the London Interbank Offered Rate to newer reference rates.

Accounting firms that provide both audit and non-audit services offer positive benefits in the market, according to a new study from a trio of international accounting organizations.

As FASB considers additional interventions in the way public companies account for goodwill, they would do well to remember one of Hippocrates’ maxims for physicians.

The clock is ticking on the countdown to the implementation of the new accounting rules for private companies.