Accounting standards

Four firms discuss how cloud products aid a growing service area.

The International Ethics Standards Board for Accountants has proposed tougher rules to discourage accountants from providing misleading financial information about businesses.

The Governmental Accounting Standards Board has issued two documents describing its preliminary views on lease accounting for state and local governments, and financial reporting for fiduciary responsibilities, as it solicits public comments on possible standards.

The Financial Accounting Foundation, has named Jan Sylvis, the chief of accounts for the Tennessee Department of Finance and Administration, as vice chair of the Governmental Accounting Standards Board.

The Financial Accounting Foundation, the parent organization of the Financial Accounting Standards Board, has launched a new Web page highlighting the benefits of U.S. GAAP.

The Financial Accounting Standards Board is doing more rigorous cost/benefit analyses of any new changes in accounting standards, and in some cases that is causing some of the divergence from the International Accounting Standards Board, according to FASB officials.

A group known as the Climate Disclosure Standards Board is readying an updated Climate Change Reporting Framework that aims to tie environmental information in with financial reporting for investors.

Atsushi Kato, a former partner at PwC Japan and a public member of the International Ethics Standards Board for Accountants, recently shared his insights on why ethics and accountability are crucial in the wake of recent accounting scandals and what it means to operate in the public interest today.

The Governmental Accounting Standards Board has released a proposed standard that would require state and local governments to disclose information about property and other tax abatement agreements for the first time.

The American Institute of CPAs is getting ready to roll out its long-awaited update of compilation and review standards for CPAs, Statement on Standards for Accounting and Review Services No. 21 (SSARS No. 21), one of the most significant revisions in non-audit standards in the last 35 years.

The Public Company Accounting Oversight Board announced that it is accepting applications for research fellowships for next year.

In the first article in this series, we explained the concepts behind the American Institute of CPAs’ release of its guidelines called Financial Reporting Framework for Small and Medium-Sized Entities (or FRF for SMEs).

An alternate financial reporting tool is available for small- and medium-sized entities.

The American Institute of CPAs’ Employee Benefit Plans Expert Panel has developed some new practice aids to provide nonauthoritative guidance about the effects of recent accounting standards relating to the liquidation basis of accounting on employee benefit plans.

A roundup of recent audit and assurance news.

Financial instrument accounting is on the verge of major changes.

There are a number of challenges when it comes to the valuation of deferred revenue, including the impact of the new accounting rules on revenue recognition.

The Sustainability Accounting Standards Board has released a set of provisional standards for companies in the transportation sector.

The Public Company Accounting Oversight Board has released a Staff Audit Practice Alert to remind auditors to continue to follow the existing PCAOB standards when they are considering a company's ability to continue as a going concern.

The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.