Accounting standards

A quarterly survey by the Association of Chartered Certified Accountants and the Institute of Management Accountants shows signs of trouble ahead.

The Financial Accounting Standards Board has released staff guidance on how to estimate credit loss reserves.

A longtime stalwart of the Financial Accounting Standards Board is now on the Sustainability Accounting Standards Board.

The association of accounting and consulting firms hopes to attract more early-stage entrepreneurial firms.

The new venture will serve the firms’ existing CAS clients, and has plans to expand in the future.

The deadline isn't far away for privately held businesses to begin adhering to the new rules.

Exciting new markets await, but so do stumbling blocks.

The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.

The American Institute of CPAs’ Auditing Standards Board voted to issue a final version of its Statement on Auditing Standards, Omnibus Statement on Auditing Standards—2019, to align its guidance more closely with that of the Public Company Accounting Oversight Board.

The Governmental Accounting Standards Board has posted a proposed implementation guide with a set of questions and answers about GASB’s new standards on accounting and financial reporting for fiduciary activities.

The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion.

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.

The ASU would extend private company alternatives to NFPs.

The client collapsed after it was discovered to have $100 million in unpaid payroll tax liabilities.

The updates will be effective for audits of financial statements for fiscal years ending on or after Dec. 15, 2020.

The International Auditing and Assurance Standards Board has called for qualified, senior applicants from around the world to apply by Jan. 31, 2019.

The Public Company Accounting Oversight Board has been pilot testing its upcoming requirements for auditors.

The U.K. Competition and Markets Authority's proposals should succeed in improving the quality of scrutiny while acknowledging a major conflict of interest in auditing.

A proposed ASU would help with the implementation of the new standard on leasing.

If you're wondering how it's different from what you've always done, you're not alone.