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Grant Thornton has released a new paper calling for an overhaul in the current thinking of the Financial Accounting Standards Board and the International Accounting Standards Board on lease accounting standards, instead advocating the use of two different lease accounting models.
March 8 -
International Accounting Standards Board chairman Hans Hoogervorst told attendees at a financial conference in Mexico City that the board plans to give accountants a period of relative stability to give them time to adjust to all the new standards.
March 8 -
The Financial Accounting Standards Board has added a new project to its agenda to re-examine the definition of a “nonpublic entity,” as part of its efforts to reach out more to private company constituents.
March 7 -
The Institute of Management Accountants and cloud-based financial and ERP product provider NetSuite Inc. have released a 23-page report, offering insights into the greatest challenges faced by todays finance organizations, along with the steps that companies are taking to overcome them.
March 7 -
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Michael Andrew, the chairman of KPMG International, sees a variety of audit risks arising in the global financial markets.
March 5 -
A new study suggests that using online video to announce a financial restatement can lead to an erosion in investor trust if not handled properly.
March 5 -
IMGCAP(1)]Regulators are favoring more disclosure in annual reports prepared for public companies for fiscal year 2011, but they are also bringing in a dose of reasonableness in regards to burdensome valuation requirements.
March 4 -
Accounting and consulting firm Moss Adams has introduced a mobile app, making its digital magazine Moss Adams Insights accessible on any iPhone, iPod Touch, iPad and Android device.
March 2 -
Proposed changes in leasing accounting standards are creating concerns among many businesses that use long-term leases, with 92 percent of executives in a new survey indicating they are unprepared to address the changes.
March 2 -
The Financial Accounting Standards Board and the International Accounting Standards Board are not seeing eye to eye on an important component of their leasing standards project involving income statement changes for lessees.
March 1 -
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The International Valuation Standards Council has begun a project with the goal of bringing greater consistency to how financial derivatives should be valued, even as the International Accounting Standards Board and the Financial Accounting Standards Board continue to tinker with their financial instruments accounting standards project.
February 27 -
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A senior U.S. regulator was "optimistic" on Monday about finding a framework for the world's top economy to use global book keeping rules for investors to compare cross-border companies.
February 21 -
The Financial Accounting Standards Board and the International Accounting Standards Board are planning to host a series of outreach meetings around the world on their latest proposals for changes in the standards for revenue recognition.
February 17 -
The Governmental Accounting Standards Board has expanded and updated its guide to understanding local government financial statements, and plans to publish more taxpayer-oriented guides later this year.
February 17