Audit & Accounting

The World Gold Council, a market development organization for the gold industry, has some ideas about developing a common accounting framework for gold that could be used by central banks in countries around the world.

The costs of the finance and accounting function at many companies are expected to climb in the next few years, according to a new survey.

The Financial Accounting Standards Board has issued a proposed accounting standards update on gains and losses from the derecognition of nonfinancial assets, clarifying the scope of FASB’s asset derecognition guidance and accounting for partial sales of nonfinancial assets.

Only 9.8 percent of financial and accounting professionals say their companies are prepared to comply with the new lease accounting standards, according to a new survey by Deloitte.

Oracle Corp. and its top executives were sued by an investor who blames his stock losses on allegations by a former finance executive that the cloud computing giant doctored its quarterly results.

The Federal Accounting Standards Advisory Board is proposing changes in how the federal government accounts for tax expenditures.

The Center for Audit Quality is providing support for more independent auditing-related research by picking two new academic research proposals for funding.

Thomson Reuters has released a new edition of PPC’s SMART Practice Aids – Single Audit Suite to automate the single audit process.

New York’s highest court again rejected a bid by former American International Group Inc. Chairman Maurice “Hank” Greenberg to dismiss the state’s decade-old fraud suit against him, clearing a path for a trial.

Check out the June 2016 issue of Accounting Today.