Audit & Accounting

The Financial Accounting Standards Board and the International Accounting Standards Board issued common disclosure requirements Friday to help investors better understand the impact of offsetting, or netting, on a company’s financial position.

Lack of clarity about the requirements for the Small Business Lending Fund that was established last year by the Small Business Jobs Act led to confusion among both lenders and borrowers alike, according to a new government report.

PricewaterhouseCoopers and the Institute of Internal Auditors Research Foundation have released a book to help corporate directors address their fiduciary and other responsibilities.

The Securities and Exchange Commission has released its latest review of Interactive Data Financial Statement submissions and found that filers are making progress.

IMGCAP(1)]Check out the digital edition of the December issue of Accounting Today.

Business assurance technology provider ACL Services Ltd. is expanding into the electronic work papers market with the acquisition of Workpapers.com.

Olympus has until December 14 to fix its financial statements in the wake of a high-profile accounting scandal if the camera maker wants to retain its listing on the Tokyo Stock Exchange.

The American Institute of CPAs and two Brazilian accounting organizations have signed a two-year agreement paving the way for the CPA Exam to be offered in South America next year.

Proposed changes in lease accounting standards could have a broad negative impact on the U.S. economy, triggering a $10 billion reduction in gross domestic product and 60,000 fewer jobs by 2016, according to a new study from the Equipment Leasing & Finance Foundation.

The Governmental Accounting Standards Board has proposed that state and local governments should include five-year projections of their cash inflows and outflows, and financial obligations, to supplement their financial statements.