Financial reporting

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.

ARA Holdings Inc. is settling for a $2 million penalty.

The Federal Accounting Standards Advisory Board released an interpretation of the accounting rules around reporting debt cancellation for the federal government.

The staff at the Securities and Exchange Commission released guidance Monday for companies about how to properly recognize and disclose compensation costs for “spring-loaded awards” they hand out to executives.

The Financial Accounting Standards Board issued a proposed accounting standards update that would expand the disclosures under its credit losses standard.

More companies have issued financial restatements in the second quarter of 2021 than any year since 2013, driven in part by recent SEC guidance on SPACs.

The ASU requires businesses to disclose information about some types of government assistance they receive within the notes to their financial statements.

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.

The accounting standards update would help nonpublic companies that provide equity-classified share-based awards to executives.

Financial professionals are confronting some big obstacles when it comes to environmental, social and governance reporting, according to a new survey, including competing and sometimes conflicting disclosure frameworks, reporting methodologies and stakeholder demands.

Boards, shareholders, and auditors alike will want to know CECL’s impact.