The International Accounting Standards Board issued an overview of its upcoming lease accounting standard Monday, saying it plans to complete its deliberations on the long-awaited standard this month and to issue the standard later this year.

While the major international accounting firms no longer do business in Iran, the country’s own accounting firms have been faring well, according to a new report.

Compensation for management accounting and finance professionals rose by an average of 7.1 percent last year, according to a new survey, but some specialties received raises while others saw their salaries remain stagnant.

The Financial Accounting Standards Board said Monday that the Securities and Exchange Commission has adopted its 2015 GAAP Financial Reporting Taxonomy, which uses XBRL format.

The Financial Accounting Standards Board and the International Accounting Standards Board are considering some changes to their converged revenue recognition standard that could lead to divergence after hearing feedback from the Joint Transition Resource Group that is examining implementation issues.

Financial reports that incorporate assumptions aren’t worth a dime for actually reducing uncertainty.

An organization of Irish accountants has signed an agreement with a Russian accounting organization, to provide education, training, examination, an online certificate in financial reporting and an array of other areas.