Audit & Accounting

The Financial Accounting Standards Board released an accounting standards update Thursday to clarify three of its recent standards for credit losses, hedging, and recognition and measurement of financial instruments.

The latest effort to overhaul the post-financial crisis rule would replace the proposed "accounting prong" for determining which kinds of trades are prohibited.

Treasury Secretary Steven Mnuchin again refused to release the president's tax returns to House Democrats, arguing that the Democrats’ stated legislative purpose hides their real intent.

The former Bank of America vice chairman has agreed to stay on through the rest of 2019 as the board of trustees searches for new leaders at FASB and GASB.

CPA firms are becoming more niche driven and expanding into greater advisory roles.

The president and the Trump Organization have asked a U.S. judge to reject a Congressional subpoena seeking business records from his longtime accounting firm Mazars USA LLP.

AICPA chief auditor Bob Dohrer dives deep into the new requirement for reporting critical audit matters in the auditor's report, including recent guidance.

The web-based tool employs machine learning technology to estimate an incremental borrowing rate curve for the leasing standard.

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.

Innovation within your accounting firm need not be overwhelming or scary at all. In fact, it can be a lot of fun and lead to greater revenues.