Accounting standards

The Financial Accounting Standards Board released an accounting standards update aimed at improving the usefulness of information offered to investors about certain loan refinancings, troubled debt restructurings, vintage disclosures and gross write-offs, amending its credit losses standard.

The board unveiled two proposed standards for general sustainability-related and specific climate-related disclosure requirements.

The board approved charters for the membership and activities to revive its old Investor Advisory Group and set up a new Standards and Emerging Issues Advisory Group.

The board issued an accounting standards update aimed at better aligning hedge accounting with an organization’s risk management strategies.

Professional accountants have an important role in driving better tax education.

The board said Thursday that it is still meeting with Chinese authorities to discuss the ability to inspect auditing firms in that country.

Here’s why it’s important to consider the valuation implications when executing a reverse merger.

A Munich court opened a class-action style procedure to hear cases brought by investors who claim EY violated its duties when auditing the now bankrupt payment company.

The board is reportedly making progress on talks with Chinese authorities on enabling access to inspections of local firms.

China and the U.S. should be able to reach an agreement on the auditing dispute, according to a senior executive at China’s top investment bank.

The Munich prosecutors’ office reportedly filed a series of charges against former CEO Markus Braun.

The foundation is looking for nominations to the Private Company Council that shares the perspectives of privately held businesses with FASB.

The Arizona-based firm teamed up with Terán Rojas & Associates.

Their combined association is indefinitely suspending services in Russia and Belarus in response to the war in Ukraine.

The Big Four have concluded that business ties to the country are untenable in the wake of its invasion of Ukraine.

Businesses and executives are increasingly realizing there’s a whole new level of complexity lying just beneath crypto’s binary-coded surface, mainly how to account for it, how the accounting standards apply, and what it all means for the accounting team.

The board is proposing a set of revisions to the independence standards for engagement teams working on audits of group financial statements.

Two directors at a real estate firm that borrowed millions from the U.K.’s pandemic loan program are being probed for preparing misleading financial statements.

The foundation is moving closer to establishing an International Sustainability Standards Board.

With Kathleen Casey's term due to end at the end of 2022, the trustees has begun the search for her successor.