Accounting standards

The Public Company Accounting Oversight Board has approved the reorganization of its auditing standards to help users navigate the standards more easily.

Kara Stein, a commissioner with the Securities and Exchange Commission, appeared to reject the need for convergence with International Financial Reporting Standards in a speech last week.

The Financial Accounting Standards Board is getting ready to unveil a set of proposals that could have a major impact on the way nonprofit organizations present their financial statements.

The Public Company Accounting Oversight Board has scheduled a meeting for next Tuesday where it will vote on adopting a reorganization of auditing standards.

The Sustainability Accounting Standards Board has released a set of provisional sustainability accounting standards for “resource transformation” industries such as aerospace and chemicals.

Payroll: Cash Machine?

The International Accounting Standards Board issued an overview of its upcoming lease accounting standard Monday, saying it plans to complete its deliberations on the long-awaited standard this month and to issue the standard later this year.

While the major international accounting firms no longer do business in Iran, the country’s own accounting firms have been faring well, according to a new report.

Financial Accounting Foundation president and CEO Terri Polley sits down with Accounting Today managing editor Tamika Cody to share how the foundation plans to attract more people of color to the profession and why the FAF teamed up with the National Association of Black Accountants.

Compensation for management accounting and finance professionals rose by an average of 7.1 percent last year, according to a new survey, but some specialties received raises while others saw their salaries remain stagnant.

The Financial Accounting Standards Board said Monday that the Securities and Exchange Commission has adopted its 2015 GAAP Financial Reporting Taxonomy, which uses XBRL format.

The Financial Accounting Standards Board and the International Accounting Standards Board are considering some changes to their converged revenue recognition standard that could lead to divergence after hearing feedback from the Joint Transition Resource Group that is examining implementation issues.

Special Report

Financial reports that incorporate assumptions aren’t worth a dime for actually reducing uncertainty.

Financial Accounting Foundation president and CEO Terri Polley explains what the organization is trying to achieve with its career initiative.

An organization of Irish accountants has signed an agreement with a Russian accounting organization, to provide education, training, examination, an online certificate in financial reporting and an array of other areas.

Noble Group Ltd. denied inflating the balance-sheet value of contracts as Asia’s biggest commodities trading house published a rebuttal against allegations by Iceberg Research, an anonymous group that’s questioned the company’s accounting methods. Noble’s shares rose.

Financial Accounting Foundation president and CEO Terri Polley explains how the foundation plans to spread the word about what’s taking place in the accounting profession and the organization.

The Financial Accounting Standards Board has voted to issue a proposed accounting standards update to improve the financial statements for not-for-profit organizations and ask for public comments.

FAF president and CEO Terri Polley sheds light on how FASB, GASB and the FAF intend to work together to carry out a solid strategic plan over the next three years.