Audit & Accounting

The Financial Accounting Standards Board is proposing to modify the effective date of its Current Expected Credit Losses standard for nonpublic companies, giving many private banks and credit unions an extra year to get ready for the new rules.

Walgreens, CVS and AT and T top the list of U.S. companies with the most operating lease liabilities that will need to be added to their balance sheets under the new leasing standard, according to a new report.

The Lehman College professor hopes the accounting profession will be 'completely transformed over the next decade.'

Steinhoff International Holdings NV said the former head of finance in Europe has left the boards of two key units as an investigation into the scandal-hit retailer’s inaccurate accounts deepens.

The U.S. Securities and Exchange Commission has sought details from India’s ICICI Bank Ltd. on its accounting and corporate governance practices, people familiar with the matter said.

Reverse-engineering your sales approach by looking at things from the eyes of the prospect can boost your effectiveness.

The Center for Audit Quality has published a guide to the Public Company Accounting Oversight Board’s new audit reporting model and the critical audit matters that auditors will be required to start including in their audit reports next year.

The American Institute of CPAs has sent a set of recommendations to the Internal Revenue Service and the Treasury Department about the impact of last December’s tax code overhaul on accounting method changes for small businesses.

A primer on the most important forms in Securities and Exchange Commission reporting.

The Financial Accounting Standards Board released a set of mostly minor revisions and technical corrections to the lease accounting standard.