Accounting standards

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.

One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated.

The clarification might lead to problems for some museums.

The Financial Accounting Standards Board is giving banks some leeway in applying the new credit losses standard.

The Financial Accounting Standards Board has released a proposed accounting standards update to reduce the cost and complexity of accounting for income taxes.

The Institute wants to postpone the effective date of its new leases standard for one year, citing an overload for financial statement preparers.

The American Institute of CPAs has submitted a set of recommendations to the Internal Revenue Service about accounting method changes.

With more than three-quarters of public companies already past the effective date, the spotlight is now on private companies.

The global retailer at the center of South Africa’s biggest corporate scandal cut the value of its assets because of accounting irregularities.

The United Kingdom’s Financial Reporting Council has fined KPMG’s U.K. firm £5 million (discounted through a settlement to £4 million, or about $5.2 million) for its fiscal year 2009 audits of the Co-operative Bank.

The American Institute of CPAs’ Auditing Standards Board has posted a group of standards for audit reports and auditing financial statements.