Accounting standards

NFPs can fall prey to a cycle where overspending on services leads to a lack of investment in infrastructure and expanding capabilities.

The Governmental Accounting Standards Board has proposed some new guidance on the accounting and financial reporting for public-private and public-public partnership arrangements, along with availability payment arrangements.

Accountants should transform their services now, before they have to, say Erik Asgeirsson and Mark Koziel.

PricewaterhouseCoopers was fined 4.55 million pounds by the U.K.’s accounting watchdog over failings in its handling of technology firm Redcentric.

Luca Pacioli’s groundbreaking text on bookkeeping, accounting and mathematics sold for $1,215,000 at an auction Wednesday at Christie’s in New York.

Bloomberg Tax & Accounting has added support for the new lease accounting standard under International Financial Reporting Standards to its product, which already supports the ASC 842 standard under U.S. GAAP.

The former COO of the IFRS will be chairing the International Auditing and Assurance Standards Board after the previous choice abruptly backed away from taking the post.

A U.S. bill that proposes to delist Chinese firms that don’t open their audit books to American regulators could benefit Hong Kong Exchanges & Clearing Ltd. as companies instead turn to the city’s bourse.

Punit Renjen has secured a second four-year term as global CEO of Deloitte Touche Tohmatsu’s international network of firms, starting Monday.

Sandy Peters, head of financial reporting policy advocacy at the CFA Institute, talks about some of the most important points for investors and accountants to consider under the new standard on leases.

From human resources capabilities to portals and more, vendors are moving forward.

The update reduces the cost of accounting for goodwill and measuring certain identifiable intangible assets for not-for-profit organizations.

For months, Intuit has been testing a new live bookkeeping service called QuickBooks live. Now the company is ready to go live with the offering on June 3.

The changes will provide a single method for government issuers to report on conduit debt obligations and related commitments.

Many banks and financial institutions are encountering challenges in preparing for the Financial Accounting Standards Board’s credit losses standard, according to a new survey.

The Public Company Accounting Oversight Board has published guidance from its staff on how auditors can communicate critical audit matters in their audit reports.

The firm said the fine should be just a fraction of that size, at 1.4 million pounds.

The Governmental Accounting Standards Board proposed new guidance on how state and local governments should handle the accounting and financial reporting for cloud computing and similar subscription-based information technology arrangements.

Now being a QuickBooks Online Certified ProAdvisor is one of the required qualifications for also participating in Live as a bookkeeper.