Accounting standards

The International Ethics Standards Board for Accountants approved an exposure draft on ethics and independence standards for sustainability reporting and assurance and a final ethics standard for tax planning and related services.

If finalized by the board, the chapter would represent the completion of the FASB's Conceptual Framework.

The board released a staff report outlining its inspections plans and highlighting key risks.

Stakeholders have until March 18 to comment on the proposed accounting standards update.

The SEC is expected to approve the taxonomies in early 2024.

GE's legal and accounting teams were investigating how accurately turbine sales in Angola were reflected on the company's books.

The board is providing information to help companies with its disclosure standards before they take effect in January.

The Chicago-based firm plans to add the federal government practice of CliftonLarsonAllen, effective Dec. 31.

The International Internal Audit Standards Board voted to approve a set of new standards that are expected to be released in January.

The Financial Accounting Standards Board issued an accounting standards update aimed at improving income tax disclosures from companies.