Financial reporting

The Financial Accounting Standards Board is getting ready to unveil a set of proposals that could have a major impact on the way nonprofit organizations present their financial statements.

Investors should pay closer attention to the Other Comprehensive Income statement on financial reports, suggests a new study.

Fewer restrictions on shareholder participation correlate with a relatively low incidence of accounting restatements, according to a new study.

An accounting scandal, a failed merger and the departure of top executives would normally make a company toxic to acquirers. Not for Salix Pharmaceuticals Ltd., the subject of a $11 billion bidding war that drove the drugmaker’s stock close to its highest-ever price.

The Financial Accounting Standards Board said Monday that the Securities and Exchange Commission has adopted its 2015 GAAP Financial Reporting Taxonomy, which uses XBRL format.

Prince Charles' Accounting for Sustainability Project and its Chief Financial Officer Leadership Network has published four guides to help the finance and accounting community address the issues of integrating sustainability into their business processes and decisions.

Financial reports that incorporate assumptions aren’t worth a dime for actually reducing uncertainty.

The Financial Accounting Standards Board has voted to issue a proposed accounting standards update to improve the financial statements for not-for-profit organizations and ask for public comments.

U.S. officials are concerned that the trillions of dollars companies park overseas are doing more than just helping them skirt taxes. They’re worried the practice leaves investors in the dark.

The Institute of Management Accountants (IMA), the association of accountants and financial professionals in business, launched the IMA Accounting Honor Society (IAHS) today, designed to recognize and honor academic achievement in the study of accounting.

The Governmental Accounting Standards Board has released finalized guidance on accounting and financial reporting issues related to fair value measurements, primarily applying to investments made by state and local governments.

To help professionals assess their options, the AICPA will hold a March 5 webcast, Understanding the Impact of Legalized Marijuana on the CPA Profession. A panel of experts from the AICPA, as well as representative from Aon Corp., will discuss implications from an ethics, tax, auditing and attest services, and insurance standpoint.

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The American Institute of CPAs’ Auditing Standards Board has issued a new attestation standard for agreed-upon procedures engagements related to asset-backed securitizations.

KPMG has received a U.S. President's Volunteer Service Award from Junior Achievement USA (JA), achieving a 'Gold Level' status for providing over 15,000 hours of volunteer service globally for the 2013-2014 year.

The Financial Accounting Foundation’s board of trustees is reaching out for comments on how well the Private Company Council has been performing.

Barry MacQuarrie of Cloud Accounting Connects and SocialCPAs is surveying accountants about their use of cloud technology.

Stavros Thomadakis became chair of the International Ethics Standards Board for Accountants in January, leading a board under the auspices of the International Federation of Accountants that oversees a global ethics code for the accounting profession.

The American Institute of CPAs is expressing support for a proposed accounting standards update that would require investment companies that act as “feeder funds” for other investment companies to provide better disclosures of those investments on their financial statements.

The post credit crisis regulatory focus on forward-looking techniques and loan behavior models has been burdensome for some banks.