Accounting standards

Plus, Ramp launches AI agents for AP; Crowe rolls out AI studio; and other accounting technology news.

The former long-time head of the American Institute of CPAs has been named chair of the global accounting network.

The vast majority of firms now offer at least some advisory services, enabled at least in part by artificial intelligence and data analytics, according to a new survey.

The Public Company Accounting Oversight Board released staff guidance to help auditors implement Paragraph .10A of AS 1105, "Audit Evidence."

The proposed ASU offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.

The Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.

The International Federation of Accountants chose Thomas Müller-Marqués Berger as the new chair of the International Public Sector Accounting Standards Board.

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.