Audit & Accounting

The Financial Accounting Standards Board released a proposed accounting standards update Tuesday aimed at clarifying some areas of its 2017 hedging standard for derivatives.

The accounting impact is estimated to affect more than 5,000 commercial banks and other financial entities that provide credit in the U.S., as well as non-financial institutions.

The Public Company Accounting Oversight Board could be making more changes ahead as the audit firm regulator deals with a tumultuous series of transformations in the past two years.

The Financial Accounting Standards Board issued an accounting standards update Monday to simplify and increase the comparability of accounting for nonemployee share-based payments, specifically those made to customers.

I’ve spent my career as an “expert generalist,” so when a book on the advantages of being a generalist was published, many friends called it to my attention and I read it.

Accounting giant PwC’s work for Mattel Inc. is being reviewed by the top U.S. audit watchdog after the toymaker said it would restate some previous financial results because of a bookkeeping error, according to a person familiar with the matter.

For all the worry about the interaction of blockchain and assurance, there haven't been many real-life examples of it -- until now, with Top 100 Firm Armanino's release of a new attest product around stablecoins. The firm's Scott Copeland and Andries Verschelden share the details, and what it means for the future of assurance.

The bookkeeping-on-demand service is proving popular with accountants, and creating new opportunities for Intuit.

Three senators have reintroduced a bill that would exempt small broker-dealers from the expanded audit requirements of the Dodd-Frank Act of 2010 and reinstate looser auditing requirements.

A federal judge indicated he would allow House Democrats to proceed with a lawsuit that seeks to obtain the president’s tax returns from the Treasury Department.