Financial reporting

The Center for Audit Quality has released a publication to help audit committees oversee their companies’ implementation of the new leasing standard.

The Governmental Accounting Standards Board released a new statement spelling out which liabilities should be disclosed related to debt.

Ken Crutchfield, vice president and general manager of Bloomberg Tax Technology, discusses the changes in the leasing standard that accountants and their clients need to prepare for this year.

The International Accounting Standards Board is changing the underpinnings of International Financial Reporting Standards.

The Internal Revenue Service may be changing Schedule UTP, the Uncertain Tax Position Statement, which corporate taxpayers file with their Form 1120 tax returns, because it doesn’t contain enough information to be useful in compliance efforts, according to a new report.

Businesses that were early adopters of the new rules have been running into some issues with regulators and investors.

FASB's recent move to make implementation easier isn't persuading accountants it will save them any time or effort.

The Securities and Exchange Commission has accepted the latest sets of XBRL tags for financial filing.

The International Financial Reporting Standards Foundation has released a new set of data tags, while the Securities and Exchange Commission also renewed its files.

The Center for Audit Quailty has released a new publication offering considerations for audit committee members to help with oversight of non-GAAP measures.

There may be some advantages, particularly for multinationals, with getting an early jump on FASB's changes in the hedging rules.

When auditors push non-attest services, their clients’ financials tend to contain more errors, according to new research.

The Financial Accounting Standards Board wants to improve how to deal with implementation charges for hosting service contracts.

The Big Four firm agreed to resolve potential liabilities related to its work for a failed mortgage lender.

General Electric Co.’s boss wants investors to know that all the negative headlines dogging the manufacturer don’t tell the whole story.

The Financial Accounting Standards Board issued a proposal Tuesday to expand the list of benchmark interest rates allowed for hedge accounting.

The Securities and Exchange Commission named Kyle Moffatt, a former audit manager at Ernst & Young, as chief accountant in the SEC’s Division of Corporation Finance.

With 2018 upon us and the extraordinary effort we’ve put in to get us past the public company deadline for the new revenue recognition standards, I’d like to highlight three longer-term considerations for companies to keep in mind as they continue to report and operate under the new rules.

Audit committees at public companies should be aware of some of the accounting implications of the new Tax Cuts and Jobs Act, according to a new report from Ernst & Young.

What is IFRS 16, how will it affect your business and what do you need to do to ensure your leasing arrangements remain compliant?