Accounting standards

International Federation of Accountants CEO Fayezul Choudhury, and IFAC CFO and executive director for external relations Russell Guthrie, talk about how international financial regulators are mulling changes in how global auditing standards are set.

The Governmental Accounting Standards Board is asking for help as it develops a comprehensive model for revenue and expense recognition for state and local governments.

Professors Paul Miller and Paul Bahnson bid farewell to their column after 20 years.

So long, farewell, auf wiedersehen, goodbye! Profs. Miller and Bahnson are ending their two-decade run.

Nexia International, a network of accounting and consulting firms, reported total fee income of $3.62 billion for 2017, a 13 percent increase over the results across its network for 2016.

The U.K. Financial Reporting Council opened a probe into KPMG LLP’s audits of Carillion Plc, after the builder collapsed under a mountain of debt earlier this month.

The Financial Accounting Standards Board’s Emerging Issues Task Force plans to propose new rules for how to deal with cloud computing service costs.

PricewaterhouseCoopers’ firm in India is appealing a two-year ban on auditing public companies by the Securities Exchange Board of India.

The Financial Accounting Standards Board has issued an accounting standards update to clarify how to apply the new lease accounting standard to land easements, simplifying adoption of the standard for some easements.

Marisa Garcia, a managing director at CohnReznick Advisory, talks about how FASB’s new standard may affect some industries differently.

Four more Staff Q&A documents deal with various financial accounting and reporting implementation issues.

Baker Tilly International reported Monday worldwide revenue grew 6.4 percent across its global network of accounting firms, reaching $3.4 billion by the end of last year.

Hong Kong, which has faced a slew of criticism on company financial reporting, is set to create a new framework to oversee auditors of listed entities in the city.

Financial institutions are getting ready for the Financial Accounting Standards Board’s new credit loss standard, though some are dragging their heels, even as the effective date approaches.

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.

Internal controls, the new lease accounting standard and cybersecurity are just some of the issues keeping financial executives up at night, according to a new survey by KPMG.

With 2018 now upon us, the new revenue recognition standard could have a big impact on your company and your finance team.

The four-month trial of three former Tesco Plc U.K. executives accused of fraud and false accounting over a 250 million-pound ($341 million) profit black hole at the grocer is nearly at an end.

Marisa Garcia, managing director of CohnReznick Advisory, explains why so many industries are still dragging their heels on adjusting to the new revenue rules.