Financial reporting

A warning from the commission has prompted hundreds of special purpose acquisition companies to issue financial restatements.

The Federal Accounting Standards Advisory Board released a standard for accounting and financial reporting on government-owned land and delayed the effective date due to the pandemic.

The key tactic for CPA firms moving forward is strategic prioritization, according to the panel of AICPA and CPA.com leaders.

The International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards.

Tesla, MicroStrategy and Square will have to reckon with their digital holdings in earnings reports.

Having accountants involved seems to lower costs and result in fewer restatements.

We need to measure the amounts of greenhouse gases that are emitted and removed from the atmosphere, and get them to 'net zero.'

Over half of public companies have overhauled their financial processes in the past year, according to a Deloitte survey.

The exposure draft covers various accounting and financial reporting issues that were identified during implementation, application, and due process on GASB standards.

The Financial Accounting Standards Board released an accounting standards update Monday to help lessors account for leases with variable lease payments.

The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected.

Because each state’s requirements vary, nonprofits and their accounting firms are tasked with navigating a complex regulatory landscape.

Having completed many of its major current projects, the board is looking for suggestions on what to work on going forward.

The thoughtful development of a formalized internal control framework can help with effective management of risk.

U.S. oil and gas companies, along with their investors, may not be doing enough to reflect the impacts of the climate crisis in their financial reports.

Find out why the recent guidance from the SEC on how SPAC warrants are classified requires careful consideration of the specific facts and circumstances for each entity and each contract.

The board released a proposed ASU with the goal of improving the guidance for lessees that are not public businesses.

By creating a more efficient and strategic finance team and improving their access to data, AI helps them gain the ability to more closely manage and control money.

The Governmental Accounting Standards Board issued a proposal to improve the accounting and financial reporting requirements for state and local governments.

FASAB is looking for input on a proposed interpretation of the federal financial accounting standards for cancelled debt.