Financial reporting

Recent events affecting the global financial health of businesses have forced CFOs and treasurers to conserve and preserve cash.

The set of questions and answers explain how to implement and apply some of the board's recent pronouncements.

The proposal would delay the effective date for one year for some private companies and nonprofits in applying the leases standard and for franchisor businesses in applying the revenue recognition standard.

The Governmental Accounting Standards Board published guidance Monday to improve accounting and financial reporting for public-public partnership arrangements — also known as P3s — along with public-private and availability payment arrangements (APAs).

The Financial Accounting Standards Board staff released a question-and-answer document to respond to questions about the lease accounting guidance for lease concessions in the wake of the novel coronavirus pandemic.

The International Accounting Standards Board proposed amendments to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial statements.

The Governmental Accounting Standards Board is working on several fronts to offer relief to state and local governments and other stakeholders in the midst of the pandemic, including delaying the effective date of some standards.

The Commission is extending the filing periods covered under its previous reporting relief for companies due to the COV-19 pandemic.

The first quarter is quickly coming to an end, and finance teams around the country are busy preparing for questions from the board.

The Financial Accounting Standards Board issued the Current Expected Credit Loss (CECL) accounting standard in 2016. Since then, many questions have been raised about what it requires, particularly by financial services companies.

The Financial Accounting Standards Board made some narrow improvements to different aspects of the financial instruments guidance, including the current expected credit losses standard.

The Securities and Exchange Commission is giving “conditional” regulatory relief from certain filing obligations for public companies due to the outbreak.

In light of this new global challenge, what do these businesses and their tax professionals need to consider?

The first-ever revision of the International Integrated Reporting Framework for integrated reporting is now underway.

The good intentions behind balanced budget requirements in states and cities have been circumvented by the shoddy accounting practices used in the budget process.

A new technical bulletin aims to clarify the loss allowance standards for AR and related recognition standards and reporting.

The board is looking for comment on a proposed concepts statement around the issue.

The International Integrated Reporting Council is asking for feedback on its set of integrated reporting principles, the International Framework, encompassing financial and nonfinancial areas such as sustainability, strategy and governance.

The Financial Reporting Council issued guidance Tuesday about the disclosure of risks surrounding the coronavirus, and is discussing with audit firms whether the virus will affect their ability to review audits in China.

Financial revisions and restatements are indicators of audit quality, but they are far from the only ones.