Accounting standards

New staff presentation videos aim to help firms implement the four components of QC 1000, 'A Firm's System of Quality Control.'

The Financial Accounting Foundation released its annual report, offering an overview of its activities in 2024, and at the two standard-setters it oversees.

The federal government's financial condition worsened by $4.7 trillion in the past year, according to a new report.

The International Auditing and Assurance Standards Board released a revised standard on how auditors should evaluate a business's prospects as a going concern.

Michael Saylor's Strategy and fellow corporate buyers of Bitcoin are being made to recognize the unrealized changes.

If you think true financial planning is all about investments and annual returns, think again.

A landmark research study by GASB has provided one of the most detailed examinations to date of how state and local governments in the U.S. use GAAP.

Intuit announced improvements to its Intuit Enterprise Suite product centered around workflow automation and data analytics and payroll.

The Financial Accounting Standards Board released a paper on how to apply its revenue recognition standard to construction contracts with retainage provisions.

The Public Company Accounting Oversight Board was active with enforcements in 2024, but President Trump's deregulatory attitude stands to change what's next.

The board is mulling changes in its auditor independence standards for audits of collective investment schemes involving connected parties and pension funds.

The Governmental Accounting Standards Board made some preliminary proposals on accounting for severe financial stress and probable dissolution disclosures.

The institute's Accounting and Review Services Committee clarified a standard on financial statement prep that has major ramifications for CAS practices.

Plus, BillingPlatform launches BP Pay solution; Bill announces "Bookkeeper Appreciation Week"; and other accounting tech updates.

The International Auditing and Assurance Standards Board and the International Sustainability Standards Board provided help with adopting their standards.

The CFA Institute is urging accounting standard-setters to require more detailed disclosures of intangible assets before they're recognized on the balance sheet.

The Financial Reporting Council hit PwC with a $3.8 million penalty and one of its accountants with a $43,250 penalty over their audit of Sanjeev Gupta's Wyelands Bank.

GASB released a study on utilization of GAAP among state and local governments and found all the states are using GAAP, but only about three-quarters of localities are.

The Public Company Accounting Oversight Board has created three videos from its staff on its quality control standard's monitoring and remediation process.

All too often, what accountants are selling are services that clients have to endure, says Joe Woodard, not the sort of thing that they really value.