Accounting standards

Gavin Patterson sought to distance himself from an accounting scandal that’s rocked the U.K. phone company, pointing the blame squarely on a few rogue employees and removing the head of European operations.

The Financial Accounting Standards Board has released a new standard that promises to simplify the goodwill impairment test, allowing many companies that don’t already apply the private company accounting alternative for goodwill to skip an extra step.

The firm network achieved total global gross revenues of $3.7 billion in the year ending Dec. 31, 2016.

The American Institute of CPAs has been producing guidance for how different industries can deal with the new rev rec standard that will be taking effect at the end of the year.

International Ethics Standards Board for Accountants finishes the first phase of its project for restructuring the Code of Ethics for Professional Accountants.

Allegations of embezzlement at the telecommunications company’s Italian unit follow disclosure of a 530 million-pound writedown.

FASB's impending standard and a new value-based reimbursement program are forcing health care providers to cope with two changing sets of methodologies at the same time.

Technology protocols, security measures and proper staff training are key.

The Financial Accounting Standards Board has issued a pair of proposed accounting standards updates.

1Malaysia Development Bhd. has tapped Parker Randall almost a year after Deloitte LLP notified the state investment company that it planned to resign.

Mary Jo White urges FASB to continue efforts to harmonize U.S. GAAP with International Financial Reporting Standards.

The Financial Accounting Standards Board has released guidance aimed at clarifying the meaning of a “business” for purposes of the accounting rules.

The Governmental Accounting Standards Board is asking for comments on how to improve information on government funds.

The American Institute of CPAs issues online audit and accounting look at impending standard.

Public Company Accounting Oversight Board provides answers from staff members to questions about the obligations of registered firms when auditing in Mainland China.

The new standard is the culmination of the efforts to clarify the various standards for performing attestation engagements.

Kentucky-based wire and cable maker is resolving allegations by the SEC and the Justice Department that it violated internal control requirements and the Foreign Corrupt Practices Act.

Mario Pompeo of CohnReznick discusses how accountants can help companies get ready for implementing the new revenue recognition standard in this new podcast.

The January column takes on more misconceptions about market values.

The board member submitted his resignation to the SEC on Friday, Dec. 23, almost two years before the end of his appointed term.