Audit & Accounting

The Financial Accounting Standards Board has issued an accounting standards update to clarify how to apply the new lease accounting standard to land easements, simplifying adoption of the standard for some easements.

General Electric Co. is under investigation by U.S. regulators after taking a larger-than-expected charge in its finance division, dealing a new black eye to a company once enshrined as an icon of American business.

Marisa Garcia, a managing director at CohnReznick Advisory, talks about how FASB’s new standard may affect some industries differently.

The U.S. regulator overseeing auditors was rocked by criminal charges as federal prosecutors accused three former employees of leaking inside information to KPMG LLP so it could improve its audit results.

Mandatory quarterly reporting by public companies can lead to a short-sighted focus on near-term results, according to a new academic study.

Four more Staff Q&A documents deal with various financial accounting and reporting implementation issues.

Baker Tilly International reported Monday worldwide revenue grew 6.4 percent across its global network of accounting firms, reaching $3.4 billion by the end of last year.

Users can now access more resources from the education content provider.

The Securities and Exchange Commission charged six CPAs Monday who were former senior officials at KPMG and ex-staffers at the Public Company Accounting Oversight Board with participating in a scheme to misappropriate and misuse information on the PCAOB’s planned inspection of the Big Four firm.

The demise of a Korean shipping giant offers lessons for auditors around the world.