Audit & Accounting

The International Accounting Standards Board issued the long-awaited lease accounting standard that it has been developing for over a decade with the Financial Accounting Standards Board, which is also expected to release its version of the standard early this year.

Everyone can agree that better financial analysis is a good thing for business leaders.

The Center for Audit Quality issued a new report Tuesday describing some of the feedback it has received on the audit quality indicators it has been pilot testing with auditors and audit committees.

The number of going concern opinions declined in 2014, but mainly because many of the companies identified as being in trouble by their auditors in previous years actually did go out of business.

The International Auditing and Assurance Standards Board has finalized the changes in its standard for auditor reporting on special purpose financial statements.

A filmmaker is suggesting a new way to avoid skirmishes over notoriously dubious Hollywood accounting.

Dec. 22, 2015, marked the 20th anniversary of the enactment of the Private Securities Litigation Reform Act. Enacted at the behest of accounting firms, the PSLRA was crafted to immunize accountants from securities fraud liability. The result over the last two decades has been a substantial erosion in the ability of investors to hold accounting firms accountable.

The Financial Accounting Standards Board has endorsed a consensus recommendation from the Private Company Council to remove the effective dates for four standards.

The Federal Accounting Standards Advisory Board has released an exposure draft of a proposed Statement of Federal Financial Accounting Standards on insurance programs for the federal government.

The Financial Accounting Standards Board issued Tuesday a long-awaited accounting standards update for the recognition and measurement of financial instruments that it has been developing for over a decade with the International Accounting Standards Board.