Accounting standards

The Public Company Accounting Oversight Board has inked a cooperative agreement with the German Auditor Oversight Body, a new regulator for audit firms in Germany.

A review of the Governmental Accounting Standards Board’s 2006 standard for pollution remediation reporting found it generally achieved its goal of improving the disclosures of state and local governments’ obligations to control pollution.

The Financial Accounting Standards Board released its long-awaited accounting standards update for not-for-profit financial reporting, albeit with scaled back ambitions to keep the standards for nonprofit organizations aligned with standards for businesses.

Institute of Management Accountants president and CEO Jeff Thomson talks in this video about how he views the plans by the American Institute of CPAs and the Chartered Institute of Management Accountants to form a new international association.

The Institute of Internal Auditors and the International Federation of Accountants have renewed an agreement to collaborate on advancing auditing and accounting practices around the world.

The Financial Accounting Standards Board has released an exposure draft proposing changes in its conceptual framework related to how items are presented in a financial statement.

The Financial Accounting Standards Board is asking for feedback on its future agenda.

The Sustainability Accounting Standards Board is seeing more desire from investors for improved sustainability reporting, as evidenced by a wave of comment letters to the Securities and Exchange Commission.

The International Public Sector Accounting Standards Board has published new guidance on how the public sector can account for employee benefits around the world and is also considering changes in how to account for financial instruments.

The new lease accounting standard will have an impact beyond the usual suspects of airlines and retailers, with even cloud computing providers taking a hit, thanks to their leases of computer servers.

The Financial Accounting Standards Board has proposed a new accounting standards update that would require public and private companies to change the way they report income taxes on their financial statements.

James Schnurr, the chief accountant in the Securities and Exchange Commission’s Office of the Chief Accountant, has been seriously injured in a bicycling accident, and the SEC named deputy chief accountant Wesley R. Bricker as interim chief accountant while Schnurr recuperates.

New research from the International Federation of Accountants shows how advice and expertise from accountants helps improve business performance at companies around the world.

The Sustainability Accounting Standards Board has published new guidance to help investors use SASB standards to engage better with the companies where they own and manage shares.

The standard GAAP accounting measures are less and less useful to investors, according to a new book with the provocative title, “The End of Accounting.”

The American Institute of CPAs’ Auditing Standards Board has issued an exposure draft of a proposed standard for auditors who are involved with securities offerings that are exempt from registration with the Securities and Exchange Commission.

Mazars, an international accounting, auditing and tax firm, has signed a deal to acquire Corality Financial Group, a financial modeling consultancy and training course provider with offices in Sydney, London and New York.

The International Ethics Standards Board for Accountants is releasing a new standard this week that redefines the roles of auditors, CFOs and other accounting professionals when they witness or suspect illegal acts at their own organizations or within a client’s organization.

Charles Tilley, the longtime leader of the London-based Chartered Institute of Management Accountants, is stepping down following the recent approval of an international accounting association jointly run with the American Institute of CPAs.

The American Institute of CPAs has issued two new exposure drafts, including a proposal to update auditing standards surrounding going-concern evaluations.