Accounting standards

The board wants feedback on its proposed description of a reporting entity by January 2023.

The board has decided to require companies to measure cryptocurrency assets at fair value.

Board staff believe the approach better aligns measurement of crypto assets with that of other assets used for investment purposes.

The Public Company Accounting Oversight Board has again rejiggered its standard-setting and research agendas, adding three new projects.

The Top 100 Firm's new CAS practice will manage clients' back-office accounting and business functions.

The board is proposing to require companies to disclose more detailed information about the different segments of their business.

Revenue at the firm's advisory businesses — consulting, financial advisory, risk advisory and tax and legal -- rose 11% to £3.6 billion.

Sheldon Whitehouse, D-Rhode Island, and Roger Wicker, R-Mississippi, introduced bipartisan legislation to put more responsibility on accountants and other financial professionals to safeguard against money laundering and other crimes.

The Financial Accounting Standards Board issued an accounting standards update to improve transparency about the use of supplier finance programs for investors and other capital providers.

Switching accounting firms had been seen by some companies as a way to satisfy a 2020 law that threatens to remove businesses from the NYSE and Nasdaq if U.S. officials can't inspect their audit work papers.

Members serve one-year terms advising the board on the needs and perspective of small public companies.

The board is asking for public input on modernizing standards, which is one of the key goals for its draft strategic plan.

The commission's Investor Advisory Committee suggested reforms to the way the board operates.

Just days after American officials arrived in Hong Kong to review the audit work papers of Chinese companies, Washington's watchdog has a stern warning for Beijing: U.S. inspectors must get full access.

Utilizing a shadow payroll process, the payroll in the work country shadows (or mirrors) the compensation paid to the employee in their origin country.

Ernst & Young reported a 13.7% revenue increase in U.S. dollars and 16.4% in local currency terms in fiscal 2022, the highest growth in nearly two decades.

The Financial Accounting Standards Board is considering a change to address leases that are under the common control of related-party businesses.

EY Americas vice chair John King discusses the impact and history of one of the most influential pieces of financial legislation of the past 50 years.