Accounting standards

The American Institute of CPAs teamed up with the National Association of State Auditors, Comptrollers and Treasurers on a joint report calling attention to the urgent need for accountants in state and local governments.

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors.

The International Public Sector Accounting Standards Board issued its updated five-year strategy and work program.

The Governmental Accounting Standards Board's Statement No. 104 requires separate disclosures for certain types of capital assets.

The PCAOB's aggressive enforcement agenda overshadows the profession's achievements.

Allowing for regulatory approvals and other hurdles, the two firms hope to become a single firm by the end of 2025.

The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback.

Ben la Grange, whose official sentence is 10 years, won some leniency for cooperating with investigators.

The proposed update aims to enhance the guidance for share-based consideration payable to a customer in conjunction with selling goods or services.

Recent data has found that successful firms maintain a balance of both advisory and compliance engagements.