Accounting standards

The Financial Accounting Standards Board issued an accounting standards update on Wednesday deferring by one year the effective date of the converged revenue recognition standard that it released last year with the International Accounting Standards Board.

The American Institute of CPAs has sent a comment letter to the Financial Accounting Standards Board weighing in on proposed changes in accounting standards for not-for-profits and saying they could create divergence from the financial reporting model used by for-profit businesses.

The Institute of Certified Public Accountants in Ireland and the Institute of Chartered Accountants of Bangladesh have signed a memorandum of understanding to provide an online CPA Certificate in IPSAS Financial Reporting in Bangladesh.

Financial Accounting Standards Board chairman Russell Golden explained how FASB is working with both the International Accounting Standards Board and other national standard-setters, including China and Germany, as FASB moves past the convergence process.

The International Accounting Standards Board is asking for feedback on a proposal Monday to postpone the date when entities need to change some aspects of how they account for transactions between investors and associates or joint ventures.

The Financial Accounting Standards Board has released two proposed accounting standards updates related to derivatives and hedging.

The International Auditing and Assurance Standards Board has released an exposure draft proposing changes to how auditors should handle engagements reporting on summary financial statements.

The Financial Accounting Standards Board has issued a three-part accounting standards update for employee benefit plans accounting as part of its efforts to simplify the accounting rules.

Profs. Miller & Bahnson dive deep into the standard-setter in an all-new edition of a classic text

The Financial Accounting Standards Board is beginning to hear from not-for-profit organizations and their accountants about the far-reaching changes it has proposed in reporting by nonprofits, and finding there are some disagreements, even among FASB’s own leaders.

Global standards advocates need to understand the problems

The International Accounting Standards Board has proposed making some clarifications to the revenue recognition standard that it released last year with the U.S. Financial Accounting Standards Board.

The International Public Sector Accounting Standards Board has released for comment a consultation paper on Recognition and Measurement of Social Benefits.

More than a dozen years ago, the U.S. experienced a rash of high-profile accounting scandals. Now it’s Japan’s turn.

Since the advent of Financial Accounting Standard 133 in 1998, financial statement preparers have been dealing with the onerous and complex requirements of hedge accounting, arguably one of the most complex statements that the board has promulgated.

The Anti-Fraud Collaboration, a joint effort of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released the third in a series of case studies examining how to identify and stop accounting fraud in an organization.

The Chartered Professional Accountants of Canada organization has published a new study on the evolving corporate reporting landscape, focusing particularly on sustainability issues.

The American Institute of CPAs has revised two publications used by auditors of governmental and not-for-profit entities that spend federal awards and those who audit state and local government financial statements.

The Financial Accounting Standards Board has issued an accounting standards update to simplify the measurement of inventory.

The International Auditing and Assurance Standards Board released an exposure draft proposing amendments to its International Standards on Auditing in response to recent proposals from International Ethics Standards Board for Accountants on how to respond to noncompliance with laws and regulations.