Audit & Accounting

The proposed Accounting Standards Update, Transfers and Servicing (Topic 860)-Effective Control for Transfers with Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings, would clarify the guidance for distinguishing repo agreements, and other transfers with forward agreements to repurchase transferred assets, as either sales or secured borrowings, and improve disclosures about them.

A Q&A with the new chairman of the new Private Company Council on its process and purpose

The Financial Accounting Standards Board has issued a new accounting standards update that aims to clarify the kinds of transactions that are subject to disclosures about offsetting.

The American Institute of CPAs is facing opposition from the National Association of State Boards of Accountancy and PricewaterhouseCoopers on its proposal to create a non-GAAP financial reporting framework for small and midsize businesses.

Caterpillar Inc., the largest maker of construction and mining equipment, said it is considering “all options” to recover losses from false accounting at a Chinese business that led to a $580 million writedown.

The International Accounting Standards Board has released some of the findings from a survey it recently conducted on financial disclosures in which it asked accountants and financial statement users what factors are contributing to disclosure overload.

The Institute of Management Accountants has decided to waive its bachelor’s degree requirement for members of the Association of Chartered Certified Accountants who want to earn the IMA’s Certified Management Accountant credential.

Japanese accountants are registering to take the U.S. CPA Exam as a way to increase their international employment options, according to a new survey.

Four accounting, auditing and financial organizations have teamed up to launch a new anti-fraud Web site with tools to help deter and detect financial reporting fraud.

Rebranding, CPA Education Day, Awards and more…