Financial reporting

The board is incorporating some of the commission's disclosure requirements into its Accounting Standards Codification.

Even though the effective date is less than 90 days away, most businesses are either unaware of the rules, or uncertain how to comply.

Jeffrey McConney testified that he added tens of millions of dollars a year to the former president's annual financial statements for the value of mansions that did not exist.

Trump spoke out in apparent irritation after his lawyer complained he couldn't hear the testimony of the state's first witness, former Mazars USA LLP accountant Donald Bender, who often lowered his voice and mumbled answers.

Donald Bender said that key information about asset valuations was missing from Trump Organization financials, and that he wouldn't have signed off on them had he known.

Tuesday will start off with more testimony from his former accountant Donald Bender. The next witness is expected to be Camron Harris, an audit partner with Trump's new accounting firm Whitley Penn LLP.

When inflation is high, industry professionals turn to inflation accounting strategies to increase accuracy in financial analysis and reporting.

The New York judge who ruled the former president committed fraud by inflating the value of many of his assets also authorized AG Letitia James to cancel certificates for companies that hold those assets.

The number of companies that have restated their financial results or disclosed accounting problems has increased significantly in recent years.

GTT Communications self-reported that it has difficulty reconciling data from two different systems, and overreported its income as a result.

The Financial Accounting Standards Board voted to adopt its eagerly awaited standard for cryptocurrency like bitcoin held by companies.

The trend toward digitization of government data has been affirmed as a priority by the passage of recent legislation.

The Financial Accounting Standards Board voted to require companies to tell the public more about the taxes they pay, starting as early as 2025.

The Financial Accounting Standards Board released another chapter of its conceptual framework related to the recognition and derecognition of an item in financial statements.

While companies are working in overdrive to fill accounting positions, they are finding themselves up against a confluence of factors.

The board finalized a new standard aimed at providing more useful information on a venture's financial statements and curbing differences in reporting practice.

Ultimately, ChatGPT can help teams improve, not replace them, and that's a critical distinction that too often gets buried in the hype.

Garbage in, garbage out — and sometimes garbage in between: Figuring out where these errors come from is critical for you and your clients.

Business entities subject to the CTA will face significant new reporting and related record-keeping obligations. There are several things advisors should consider.

Ensure compliance with FASB guidelines and build business confidence.