Accounting standards

RSM US and RSM UK partners approved a new transatlantic partnership structure in a nearly unanimous vote, effective Jan. 1, 2026.

A new international accounting standard for nonprofit organizations has emerged, drawing on the work of established standard-setters.

The International Federation of Accountants has released a set of principles with the goal of widening access to the accounting profession.

The Institute of Internal Auditors has set up a Global Audit Committee Center in Washington, D.C., to provide a global hub for strengthening audit committees.

Plus, Ramp launches AI agents for AP; Crowe rolls out AI studio; and other accounting technology news.

The former long-time head of the American Institute of CPAs has been named chair of the global accounting network.

The vast majority of firms now offer at least some advisory services, enabled at least in part by artificial intelligence and data analytics, according to a new survey.

The Public Company Accounting Oversight Board released staff guidance to help auditors implement Paragraph .10A of AS 1105, "Audit Evidence."

The proposed ASU offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.

The Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.

The International Federation of Accountants chose Thomas Müller-Marqués Berger as the new chair of the International Public Sector Accounting Standards Board.

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.

The Financial Accounting Standards Board posted an accounting standards update to improve the guidance on accounting for internal-use software costs.

The AICPA Peer Review Board wants to update its requirements as more accounting firms get outside funding.

The internal audit profession has been grappling with a greater array of responsibilities beyond checking up on corporate finances, including vetting companies' cybersecurity and use of artificial intelligence.

The PCAOB staff continues to see deficiencies related to the review procedures required by Attestation Standard No. 2.