Audit & Accounting

Financial reporting economics: It’s a good idea to supply what’s demanded

A pair of Democrats have introduced legislation in Congress to expand protections for financial whistleblowers to close some loopholes in the Dodd-Frank Act that have been exploited by some employers.

High tax rates and cybersecurity are among the most pressing concerns of CFOs at technology companies, according to a new survey by BDO USA.

The Equipment Leasing and Finance Association, a trade association that represents companies in the equipment finance sector, had been pushing back against some of the earlier versions of the new lease accounting standard that were proposed in recent years, but it is satisfied with the final standard.

Now that the Financial Accounting Standards Board has released its long-awaited lease accounting standard, companies and their accountants will need to get ready to put their operating leases on the balance sheet.

The Financial Accounting Standards Board issued its long-awaited lease accounting standard Thursday, one of the major convergence projects on which it has collaborated for a decade with the International Accounting Standards Board.

The Financial Accounting Standards Board is expected to release its long-awaited lease accounting standard Thursday.

A post-implementation review of the Financial Accounting Standards Board’s 1997 standard on earnings per share found the standard generally achieved its purpose.

Christine Ann Botosan, an accounting professor at the University of Utah’s David Eccles School of Business and a former president of the American Accounting Association, has been appointed as the newest member of the Financial Accounting Standards Board.

Chief audit executives are not so confident about the accuracy of the data their companies rely on to make decisions.