Accounting standards

The former Carr, Riggs & Ingram partner is stepping down after a year and a half, for personal reasons.

A new revenue procedure makes it easier for companies to conform with FASB's revenue recognition standard.

The financial health of Magnolia Regional Health Center, a 200-bed public hospital in northern Mississippi, has gone from fair to serious condition all because of an accounting rule.

Warren Buffett has warned about the “nightmare” tied to new accounting-rule changes. Now it’s beginning.

Wesley Bricker said the commission is keeping an eye on a number of new developments in accounting standards and financial reports.

The American Institute of CPAs has issued the final two working drafts of guidance related to rev rec issues for various industries.

The Sustainability Accounting Standards Board Foundation has appointed Perella Weinberg Partners partner and CEO Robert K. Steel as its new chair, succeeding former New York City Mayor Michael Bloomberg, the founder and chief executive of Bloomberg LP. Steel previously worked under Bloomberg as deputy mayor.

Businesses are taking time adjusting to the new revenue recognition and lease accounting rules.