Audit & Accounting

The Financial Accounting Standards Board issued its long-awaited lease accounting standard Thursday, one of the major convergence projects on which it has collaborated for a decade with the International Accounting Standards Board.

The Financial Accounting Standards Board is expected to release its long-awaited lease accounting standard Thursday.

A post-implementation review of the Financial Accounting Standards Board’s 1997 standard on earnings per share found the standard generally achieved its purpose.

Christine Ann Botosan, an accounting professor at the University of Utah’s David Eccles School of Business and a former president of the American Accounting Association, has been appointed as the newest member of the Financial Accounting Standards Board.

Chief audit executives are not so confident about the accuracy of the data their companies rely on to make decisions.

The American Institute of CPAs’ Accounting and Review Services Committee has issued an interpretation on reviews of financial statements.

The Securities and Exchange Commission has charged Marrone Bio Innovations, a pesticide company, and its former chief operating officer, with inflating financial results to meet projections it would double revenues in its first year as a public company.

CFOs and audit committee chairs are not getting enough insights into corporate risk management from their companies’ internal audit function, according to a new survey.

Charles Munger just burned through another auditor.

Audit committees need to have oversight of risks to their organizations from third parties such as suppliers, distributors, sales people and service providers, according to a new report.