Accounting standards

Steinhoff International Holdings NV’s finances are in a mess. Now it’s going after those who presided over the fiasco.

As the deadline approaches to comply with the new auditing standard adopted last year by the PCAOB, auditors are girding to disclose CAMs for the first time in their reports.

The Institute of Management Accountants is getting ready for next year’s centennial while expanding internationally.

The Association of Chartered Certified Accountants and CFA Institute, which offers the Chartered Financial Analyst designation, have agreed on a three-year memorandum in which both organizations will collaborate on various initiatives.

A key figure disappeared from Apple Inc.’s latest quarterly report. It’s also gone from the regulatory filings of Netflix Inc., Microsoft Corp., Google’s Alphabet Inc. and Oracle Corp.

A new revenue procedure makes it easier for companies to conform with FASB's revenue recognition standard.

The firm improperly altered documents ahead of an inspection.

Steinhoff International Holdings NV’s shares plunged to a record low after the retailer warned of impairments beyond the 6 billion euros ($7.2 billion) reported in December and said it’s facing at least five lawsuits.

The financial health of Magnolia Regional Health Center, a 200-bed public hospital in northern Mississippi, has gone from fair to serious condition all because of an accounting rule.

Gravity Software releases subscription billing module for Dynamics 365; PeaCounts tests blockchain accounting system; Certify offers Certify Travel for enterprises.

The names of more than 220 member firms will be changing as part of the latest rebranding.

The goodwill gesture comes ahead of a planned summit between President Trump and Kim Jong Un that’s expected in the coming weeks.

Warren Buffett has warned about the “nightmare” tied to new accounting-rule changes. Now it’s beginning.

A new study by the International Federation of Accountants has found high rates of adoption of international accounting standards in areas such as auditing and ethics.

Wesley Bricker said the commission is keeping an eye on a number of new developments in accounting standards and financial reports.

With the deadline looming for private companies to comply with the new revenue recognition standard, many companies are still in the assessment stage and have yet to start the actual implementation work.

Barclays Africa Group Ltd. ditched KPMG LLP South Africa as one of its two auditors, the first major local bank to do so, in another blow to the embattled accounting firm’s hopes of survival in the country.

The American Institute of CPAs has issued the final two working drafts of guidance related to rev rec issues for various industries.

The electronics maker's in-flight-entertainment unit improperly hid payments to consultants in the Middle East and Asia.

The Association of International CPAs has released a guide to how management accountants can help their organizations fulfill the United Nations’ Sustainable Development Goals.