Accounting standards

One-third of private companies still aren’t fully prepared to switch to the new leases standard.

Selling 75% of its cryptocurrency gave the company a one-time cash infusion, the electric car company said, but the battered value of its remaining Bitcoin also dinged profits.

Client accounting services has been hugely successful as a service offering, but CPA.com's Erik Asgeirsson and Kalil Merhib say firms need to evolve toward the next stage: client advisory services.

The Federal Accounting Standards Advisory Board is looking for volunteers to join a new task force it is forming on climate-related financial reporting.

The board is preparing to launch an updated Accounting Standards Codification platform.

The Institute of Internal Auditors unveiled new research during its annual international conference in Chicago this week pointing to changes in the internal audit profession worldwide.

The clock is ticking to avoid a 2024 deadline for kicking businesses off the NYSE and Nasdaq unless U.S. regulators get full access to inspect their audit work papers.

The push by the city-state’s firms to offer larger paychecks reflects the broader competition for skilled talent in the financial hub.

The Financial Reporting Council said that four of the eight audits reviewed at Mazars and five of 12 audits at BDO required more than limited improvements.

The ESG standard-setter is merging into the recently formed International Sustainability Standards Board.

Ernst & Young employees were upset to discover their paycheck deposits had been reversed after a glitch at its payroll processing company ADP.

Audits of sportswear retailer failed to highlight possible related party, inventory and website sales risks.

The Financial Accounting Standards Board is considering changes in the transition requirements for its long-duration insurance standard.

U.S. and Chinese officials have been negotiating for more than two years to ensure staff from the PCAOB can access the audit papers of Chinese companies traded in the U.S. 

KKR is seeking a valuation of more than $2.7 billion in a potential sale of the accounting software maker to Australia & New Zealand Banking Group, according to people familiar with the matter.

The board released a concepts statement to guide GASB when mandating note disclosure requirements for state and local governments.

The board proposed requirements for governments to disclose information about risks that could affect the level of services they’re able to offer or their ability to meet obligations.

CliftonLarsonAllen, a Top 10 Firm, is forming CLA Global Limited in collaboration with Evelyn Partners, a U.K.-based wealth management group.

The ASU aims to increase the comparability of financial information across reporting entities that have investments in certain equity securities.

There’s a simple technical fix for the exam cheating that landed Ernst & Young with a $100 million fine from the SEC, but the problems go deeper.