Accounting standards

This is the latest case of a Big Four firm being sanctioned for its accounting shortcomings.

The Public Company Accounting Oversight Board posted two new pages to its website to help implement some of its standards and amendments that have recently been approved by the Securities and Exchange Commission.

The Governmental Accounting Standards Board proposed new accounting and financial reporting guidance Friday on deferred compensation plans under Section 457 of the tax code.

Forensic accounting, like forensic pathology, is a discipline, if not a calling, for many universities and business schools.

A new Accounting Today survey dives into the intricacies of this core service of the accounting profession.

The Financial Accounting Standards proposed some minor adjustments Thursday to the credit losses standard, also known as CECL because of its use of a Current Expected Credit Losses model.

Tongaat Hulett Ltd. said South African police are investigating an unnamed former executive for his role in an accounting scandal that’s forced the sugar maker to restate financials and ask for its shares to be suspended.

The International Accounting Standards Board has some amendments to the standard after hearing complaints from insurers.

Nearly 400 companies transitioned to ASC 842 within the first six months of the effective date.

Steinhoff International Holdings NV is seeking more than 850 million rand ($59 million) from former Chief Executive Officer Markus Jooste for his role in the accounting crisis that triggered the retailer’s near-collapse.

The board is looking for public companies to take part in a study focusing on potential improvements to the segment disclosure requirements.

You can look at the revenue recognition standard in one of two ways — a compliance burden, or an opportunity for finance leaders to emerge and change the game.

The American Institute of CPAs’ Auditing Standards Board has issued a proposed standard on audit evidence to update an older standard and include new technologies such as data analytics and blockchain.

Supporting Strategies is the latest firm to join the ExpensifyApproved! Partner Program, which includes firms such as CLA, Wipfli, and BPM.

The standard-setter plans to offer accounting relief to companies that need to modify their contracts as banks move the global reference rates for loans and more.

Data has always been the cornerstone of an accurate and compliant allowance for loan and lease losses (ALLL), and it will remain critical under the current expected credit loss model, or CECL.

The Financial Accounting Standards Board is considering giving privately held companies and not-for-profit organizations an extra two years to implement standards.

The Institute of Management Accountants inked a deal with the Conselho Regional de Contabilidade do Estado de São Paulo.

The Governmental Accounting Standards Board released an implementation guide Monday with questions and answers explaining GASB’s recently issued standards on accounting and financial reporting for fiduciary activities.

The Institute of Management Accountants is marking its centennial this week during its annual conference and expo in San Diego, California.