Financial reporting

The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model.

The president, under siege from House Democrats weighing impeachment, suffered a stinging blow as a federal appeals court upheld a subpoena ordering his accountants to provide Congress with his financial records.

As FASB considers additional interventions in the way public companies account for goodwill, they would do well to remember one of Hippocrates’ maxims for physicians.

Workiva, which makes reporting and compliance software for accounting, finance, audit, and internal controls, has entered into a partnership with FilePoint, a full-service filing agent.

The clock is ticking on the countdown to the implementation of the new accounting rules for private companies.

Small banks are likely to benefit from the proposed delay, allowing them to learn the lessons from larger banks that have already begun using the new rules.

Will spreadsheets help in implementing the new lease standard?

The former Soviet republic of Georgia is another jurisdiction where interest payments must be reported.

The Federal Accounting Standards Advisory Board has issued an interpretation of some recent standards involving cost provisions among multiple entities who are liable for cleanup costs.

The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments.

The board wants to give private companies, nonprofits, and certain small public companies extra time to implement new standards on CECL, leases and hedging.

General Electric shares plunged after a prominent whistle-blower working with a short-seller accused the company of masking financial problems.

Both public and private companies are underestimating the challenges of transitioning to the new lease accounting standard, according to a new survey.

In the area of fixed assets and the resultant depreciation there are some major differences between the GAAP rules codified in ASC Topic 360 and the IFRS rules in IAS 16.

Private companies, nonprofits and some smaller public companies will get some extra time to get ready for major accounting standards, under a recent proposal.

Companies have potent tools to quickly improve their financial reporting and make it both faster and more accurate.

The proposed update aims to improve the guidance for both convertible instruments and the derivatives scope exception for contracts in a company’s own equity.

The Financial Accounting Standards Board is aiming to clarify the interaction between two of its earlier standards.

When it comes to corporate transparency, the United States is at a crossroads.

The U.K. retailer reported a surprise tax bill of almost $750 million, the departure of its financial chief and deepening woes at department-store chain House of Fraser.