Accounting standards

The Financial Reporting Executive Committee eventually plans to publish a broader Business Combinations Accounting and Valuation Guide.

The proposals would make narrow improvements to the rules for credit losses, hedging, and recognition and measurement.

The Nissan chairman was arrested in Japan for alleged financial violations and faces removal from his job.

The International Accounting Standards Board voted to propose a one-year delay, so the new rules would take effect in 2022, instead of 2021.

The SEC is also working to help companies with a crowded implementation schedule.

The update makes narrow improvements to the credit losses standard, including the transition requirements.

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.

Securities and Exchange Commission Chairman Jay Clayton and chief accountant Wesley Bricker weighed in on a proposed change in the reporting cycle for public companies.

A new report from PwC finds businesses still scrambling to meet the deadlines.

One of the Big Four accounting firms has taken a welcome step to improving the credibility of the financial statements published by London-listed companies.

The Financial Accounting Standards Board unveiled a proposed accounting standards update Wednesday aimed at improving and harmonizing the accounting for films and episodic content for both TV and streaming video services like Netflix.

The retailer provided South African officers with information about transactions involving more former executives who may have contributed to its accounting crisis.

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The International Integrated Reporting Council, the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Carbon Disclosure Project are working to harmonize standards.

Nearly two-thirds of governments are expected to report on an accrual basis within the next five years.

The update clarifies the guidance on the interaction between some types of collaborative arrangements and the new revenue recognition standard.

The staff paper aims to help private company franchises implement the new accounting standard by offering them practical examples.

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.

The International Federation of Accountants has elected Dr. In-Ki Joo of South Korea as president for a two-year term through November 2020.

A new survey by the International Federation of Accountants examines trends in 150 countries.