Financial reporting

If CFOs were students, their grades would be taking a hit due to late homework.

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

Shares of Bookoff Group Holdings, a chain of second-hand Japanese bookstores, tumbled 10% after discovering fictitious purchases by employees.

Financial restatements decreased roughly 6% year over year, according to a report from Ideagen Audit Analytics.

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

What clients like to believe; Tax Court fun; auditing REITs; and other highlights from our favorite tax bloggers.

The more frequently companies report their earnings, the less likely investors are to make knee-jerk investment decisions, according to recent research.

Large companies are bolstering their adjusted earnings per share by excluding items such as litigation expenses and amortization of intangible assets from their net income.

A KPMG survey found 72% of companies are using AI in their financial reporting process to some extent, and executives expect auditors will start examining controls around the technology.

The accounting snarls add to the struggling electric-vehicle maker's issues with cash burn and sluggish auto sales.

A hearing on Capitol Hill reveals some of the problems with the act, and why we may see 'massive' noncompliance.

The Los Angeles-based boutique investment bank's audit by Marcum cited multiple material weaknesses in the company's reporting, and some of the previously reported data was revised.

Companies are increasingly prioritizing disclosures around cybersecurity, executive compensation clawbacks and more.

BEPS Pillar Two will affect a significant number of companies by establishing an effective global minimum tax rate of 15%.

Short-seller Hindenburg had alleged 'major irregularities' and 'manipulated earnings' at the Swiss fintech.

The new standard represents one of the biggest changes to IFRS in decades.

Allen Weisselberg admitted to falsely testifying about his role in the valuation of assets the state proved at trial had been inflated for years to get favorable terms on loans.

Ongoing court cases and questions about whether accountants can actually work on BOI reporting make the Corporate Transparency Act a source of serious confusion.

The probe involves practices around free cash flow and non-GAAP operating margin practices, the company said.

Grifols SA shares dropped as investors evaluated a regulatory review of the Spanish bio-science company's financial reports, which found "relevant deficiencies" but no major accounting mistakes.