Accounting standards

The new leasing rules will be hitting corporate balance sheets soon.

KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals.

The CFA Institute has some advice for investors about the main questions they should be asking about the new revenue recognition standard.

All staff will face background checks every two years to try improve the firm's reputation.

Bank regulators propose to allow banks to phase in capital treatment of credit losses over three years.

Client accounting services are the new revenue segment you cannot afford to miss.

Oklahoma CPA Tyler Winn shares four strategies for success in this popular service area.

The new method would provide an alternative to the modified retrospective transition method.

The prizes, which recognize excellence in governance, regulation and compliance, were presented by the research company GRC 20/20.

The International Federation of Accountants claims regulatory divergence is dampening economic growth.

The International Ethics Standards Board for Accountants has released a new code of ethics for accountants that’s been rewritten to make it simpler to navigate, use and enforce.

The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

Biotech, pharmaceutical, medical device and related businesses are dealing with recent accounting standards, plus a new tax law, amid a changing landscape for their industry.

Larry Smith, who served as a member of the Financial Accounting Standards Board from 2007 until 2017, is watching some of the standards he worked on for a decade now being rolled out, but he believes the board should be doing more on performance reporting and the FASB Accounting Standards Codification.

Two firms share their experiences with cloud-based systems.

Two generations share thoughts on the future of remote audits.

The Center for Audit Quality has released a publication to help audit committees oversee their companies’ implementation of the new leasing standard.

The Governmental Accounting Standards Board released a new statement spelling out which liabilities should be disclosed related to debt.

Ken Crutchfield, vice president and general manager of Bloomberg Tax Technology, discusses the changes in the leasing standard that accountants and their clients need to prepare for this year.

The International Accounting Standards Board is changing the underpinnings of International Financial Reporting Standards.