Financial reporting

The total value of goodwill impairments recorded by U.S. public companies more than doubled in 2020 during the first year of the COVID-19 pandemic, according to a new study, and the same may happen again this year as geopolitical tensions rise.

The state says it has already uncovered evidence that the Trump Organization used faulty valuations on financial statements to get loans.

The competing sustainability standard-setters have come under increasing pressure in recent years to do more to align their sometimes conflicting standards.

Here’s why it’s important to consider the valuation implications when executing a reverse merger.

From ESG requirements to global tax reform, this handful of developments is worth paying attention to in 2022.

Companies are undoubtedly raising prices. The question is whether they are exploiting a surge in consumer demand or merely passing on their own higher costs.

When companies consist of multiple businesses, it is important to determine whether to prepare a consolidated or combined financial statement detailing each company’s earnings, profits, losses and more.

Female chief financial officers are more likely to give concise responses, backed by numbers, than their male counterparts, new research shows.

ASU 2020-06 simplifies accounting for convertible debt and free-standing equity-linked instruments.

For the former president and his three eldest children, it’s an unwelcome development that amplifies financial pressures enveloping their company, the Trump Organization.

The Top 100 Firm said a decade of statements for Trump should no longer be relied upon and that it won’t do any new work for the company.

With so many complex issues competing for their attention, audit committees can't afford to lose sight of their core oversight duties.

The commission warned on Friday that filers are using the wrong XBRL tags for reporting their finance lease liability and future payments.

The company alleged that Lynch and his CFO illegally bolstered revenue, including by disguising hardware sales and booking fake transactions.

The slide extended to a second day as investors reassessed the company’s Bitcoin buying strategy.

New York’s attorney general asked a judge to order Donald Trump and two of his adult children to testify under oath as part of a civil probe.

Dysfunctional and manual financial reporting processes are expected to cost U.S. businesses $7.8 billion this year, according to a new report.

The GRT, SRT and DQCRT are available for review, but still await final SEC approval.

The projects have been prioritized based on stakeholder feedback in response to the board’s June invitation to comment.

Consistent environmental, social and governance standards are gaining support internationally, according to a new poll.