Financial reporting

The Financial Accounting Foundation’s board of trustees has appointed Susan M. Cosper, technical director of the Financial Accounting Standards Board, as a member of the FASB board.

Companies report fluctuations in revenue and expenses over time in a way that makes the earnings growth look steady across quarters.

There were fewer total settlements in 2018, but the dollar figures involved increased more than fivefold.

House Oversight and Reform Committee Chairman Elijah Cummings said he’ll subpoena documents on Monday from an accounting firm tied to President Donald Trump.

The financial institution expects to increase reserves by about $5 billion for implementation of the current expected credit loss standard.

Approximately 40 percent of private companies are behind schedule on the new leases standard or haven’t started getting ready yet.

Both public and private companies are struggling with implementing the new lease accounting standard, according to a new survey by Deloitte.

The rental car company is demanding that ex-CEO Mark Frissora and other former senior managers return incentives they received.

Lawmakers are investigating reports that the president inflated or deflated amounts on his financials and used an unorthodox format dubbed a “Statement of Financial Conditions.”

The International Integrated Reporting Council has posted a set of answers to frequently asked questions about integrated reporting and how it is transforming corporate reporting around the world.

Tax reform, non-GAAP metrics and sustainability reporting are expected to be among the top shareholder concerns this spring at corporations’ annual general meetings, according to BDO USA.

Wirecard AG surged the most in more than a decade after saying irregularities found in an external investigation into fraud allegations in Asia weren’t material.

The Financial Accounting Standards Board is proposing to make further changes in the income tax disclosure requirements for companies to make them more relevant to users of financial statements.

The Financial Accounting Standards Board is aligning its definition with the American Alliance of Museums’ Code of Ethics for Museums.

Financial institutions are scrambling to prepare for the imminent approach of the credit losses standard.

The German payment processor’s Indian business became a focus point again and a Citigroup analyst said the company faces prolonged uncertainty because of the accounting allegations it’s facing.

When businesses fail to file on time, they can get hit with fines or other penalties.

The American Institute of CPAs has named Angela Newell, a national assurance partner at BDO USA’s Dallas office, as the new chair of the AICPA’s Financial Reporting Executive Committee, succeeding Crowe partner Jim Dolinar.

MoviePass’s parent company hit another bump Tuesday, acknowledging it lost track of how many paying customers the film-subscription service had on its books.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.