Accounting standards

The International Ethics Standards Board for Accountants approved an exposure draft on ethics and independence standards for sustainability reporting and assurance and a final ethics standard for tax planning and related services.

If finalized by the board, the chapter would represent the completion of the FASB's Conceptual Framework.

The board released a staff report outlining its inspections plans and highlighting key risks.

Stakeholders have until March 18 to comment on the proposed accounting standards update.

The SEC is expected to approve the taxonomies in early 2024.

GE's legal and accounting teams were investigating how accurately turbine sales in Angola were reflected on the company's books.

The board is providing information to help companies with its disclosure standards before they take effect in January.

The Chicago-based firm plans to add the federal government practice of CliftonLarsonAllen, effective Dec. 31.

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

The Financial Accounting Standards Board issued an accounting standards update aimed at improving income tax disclosures from companies.

The Securities and Exchange Commission approved the board's 2024 budget totaling $384.7 million, up approximately 10%.

The Financial Accounting Standards Board released its long-awaited accounting standards update to improve the accounting for and disclosure of certain cryptoassets.

2024 will be a demanding year for internal auditors who will be facing new requirements and updated standards.

Accounting's most influential share their primary concerns for the profession.

A Milan appeals court overturned a previous guilty verdict for the ex-CEO of Banca Monte dei Paschi di Siena SpA.

The International Auditing and Assurance Standards Board has unveiled a new standard for auditing smaller businesses and organizations.

Municipal bond investors and government regulators could benefit from easier access to consistent, machine-readable financial data from government bond issuers.

Like other firms, KPMG has been battling a fall in demand for its services caused by the tougher economic climate.

The International Financial Reporting Standards Foundation trustees reappointed Emmanuel Faber to serve a second term as chair of the International Sustainability Standards Board through the end of 2027.

Mohammed Kande has been the Big Four firm's global advisory leader since 2019 and involved in PwC's artificial intelligence efforts.