Accounting standards

Amendments are being added to three sets of standards for special-purpose, single and summary financial statements.

Fault in the age of e-filing; the latest scam; barks and breaks; and other highlights from our favorite tax bloggers.

The fifth largest accounting firm had problems with at least 15 audit clients.

The exposure draft offers standards for how governments can account for monetary gold and currency in circulation.

The Public Company Accounting Oversight Board issued four documents explaining the new rules.

Moody’s Investors Service is objecting to a proposal from the Financial Accounting Standards Board to defer the effective dates of its leases, hedging and credit loss standards for private companies and small public companies.

The move comes amid worries that firms are letting their clients off the hook too readily.

The Federal Accounting Standards Advisory Board has issued an interpretation of some recent standards involving cost provisions among multiple entities who are liable for cleanup costs.

The proposed update would give insurers an extra year to implement the new rules.

Michael Morrow will be the new chair of the Financial Accounting Standards Advisory Council, and new members are joining the Private Company Council.

His analysis underscored how sweeping accounting changes coming in the next few years are raising questions for the life insurance industry.

The American Institute of CPAs’ Financial Reporting Executive Committee is offering some advice on issues related to the new credit losses standard.

The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments.

The board wants to give private companies, nonprofits, and certain small public companies extra time to implement new standards on CECL, leases and hedging.

General Electric shares plunged after a prominent whistle-blower working with a short-seller accused the company of masking financial problems.

The U.K. retailer plunged after its audit quit without a replacement, heightening corporate governance concerns.

Firms are helping their clients keep track of Bitcoin and Ethereum assets and transactions, as well as the tax consequences, according to a new report.

AICPA chief auditor Bob Dohrer shares new developments in the rules around audit evidence, key audit matters for non-public clients, and much more.

Both public and private companies are underestimating the challenges of transitioning to the new lease accounting standard, according to a new survey.

Diane Jules, deputy director of the International Ethics Standards Board for Accountants, discusses how IESBA has been developing its Code of Ethics and technology for accountants to use around the world.