The Public Company Accounting Oversight Board on Wednesday adopted Auditing Standard No. 16, Communications with Audit Committees, which establishes requirements that enhance the relevance and timeliness of communications between the auditor and audit committee, in addition to amendments to other PCAOB standards.

The International Accounting Education Standards Board has drafted a proposed revision of its standards for the professional development of audit engagement partners.

An independent study of the Governmental Accounting Standards Board commissioned by its parent organization finds opinions divided on what GASB’s responsibilities should include as a standard-setter for state and local government accounting.

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

The Financial Accounting Standards Board has issued a staff paper with recommendations on which criteria and circumstances should be used to determine when it is appropriate to adjust U.S. GAAP reporting requirements for private companies.

Critics of fair value accounting have indicted it as being the cause, or at least having exacerbated, the global financial crisis of 2007-2008.

The Financial Accounting Foundation is seeking people who would like to participate in a post-implementation review survey of how well its business combinations standard has worked.