Financial reporting

The Securities and Exchange Commission voted to amend the disclosure requirements in the Management’s Discussion and Analysis portion of financial reports.

The board is postponing the effective date of its long-duration insurance standard for a year and making it easier to adopt it early.

Having started his transition at the beginning of the pandemic, Board Chair Richard Jones now faces the uncertainty of the presidential election and what Congress might do with accounting standards.

The commission has been busy helping public companies report the impact of COVID-19.

The update addresses the Reference Rate Reform ASU issued by the Financial Accounting Standards Board in March.

The Financial Accounting Standards Board has released a staff educational paper offering an overview of the accounting guidance for debt restructurings and modifications.

The proposed accounting standards update aims to clarify an issuer’s accounting for certain modifications of equity-classified forwards and options (such as warrants) that remain equity classified after their modification.

The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday to improve three areas of its lease accounting standard.

Troubled commodities trader GP Global Group has “accounting irregularities” in its books, according to the restructuring adviser hired to salvage the company’s assets.

The coronavirus pandemic has introduced a number of new areas that companies need to address.

Disclosures in financial statements and SEC filings about the current and potential impacts of COVID-19 are a major concern.

General Electric Co. warned that it’s likely to face Securities and Exchange Commission allegations of accounting misdeeds, setting back CEO Larry Culp’s effort to put the company’s rocky past behind it.

The board has voted to defer the effective date of its long-duration insurance contract standard for one year.

Corporate boards of directors are dealing with new problems in financial reporting and accounting.

A new report from the Center for Audit Quality highlights a growing opportunity for audit firms.

At least 39 states did not have enough money to pay all of their bills at the end of 2019, leaving them ill-prepared to shoulder the costs of the novel coronavirus pandemic, according to a new report.

Now that U.S. companies have experienced two fiscal quarters in the midst of the novel coronavirus pandemic, quarterly reporting for Q3 doesn’t seem to be getting any simpler, according to a new report from Deloitte.

Richard Jones is making post-implementation reviews of standards one of his top priorities, and taking a closer look at FASB’s crowded agenda.

The Dallas-based advisory and consulting firm has expanded to Phoenix and Salt Lake City this year.

PPC Ltd., South Africa’s largest cement maker, plunged deeper into crisis after reporting accounting errors and delaying the release of full-year earnings for a second time.