Accounting standards

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.

The Association of Chartered Certified Accountants is partnering with an association of independent accounting firms to strengthen the global talent pool.

Businesses that were early adopters of the new rules have been running into some issues with regulators and investors.

FASB's recent move to make implementation easier isn't persuading accountants it will save them any time or effort.

The Securities and Exchange Commission has accepted the latest sets of XBRL tags for financial filing.

A flood of new accounting regs may be an opportunity to strength a company’s finance architecture.

Andy Armanino will step down at the end of 2018; brother Matt will take over in 2019.

The International Financial Reporting Standards Foundation has released a new set of data tags, while the Securities and Exchange Commission also renewed its files.

The solutions integrate artificial intelligence technology with the Big Four firm’s advisory and tax services.

With less than a year before the rev rec changes become permanent, businesses should take immediate action, if they haven’t done so by now.

The American Institute of CPAs’ Auditing Standards Board has issued an auditing interpretation to help accountants comply with standards from both the AICPA and the Public Company Accounting Oversight Board.