Accounting standards

The Cost Accounting Standards Board, a group set up by Congress in 1970 to make sure federal contractors charge their costs appropriately, is finally making some progress in aligning its 19 cost accounting standards with U.S. GAAP after Congress mandated in 2017 that it do so where practicable.

The Financial Accounting Standards Board proposed an accounting standards update Monday to enhance the transparency of how not-for-profit organizations present and disclose contributed non-financial assets.

What are the benefits and challenges faced by public companies with the new leases standard?

The Governmental Accounting Standards Board released guidance on leases, pension plans and a wide range of other accounting and financial reporting issues that were identified during the implementation and application of some of its earlier pronouncements.

The American Institute of CPAs and the National Association of State Boards of Accountancy have inked a mutual recognition agreement with the South African Institute of Chartered Accountants.

CECL’s impact on a financial institution is all about the portfolio makeup.

With FASB reviewing the standards for goodwill, PJ Patel, co-CEO and senior managing director at Valuation Research Corp., dives into the evolving complexities in the field.

The International Ethics Standards Board for Accountants released an exposure draft Thursday proposing changes to the International Code of Ethics for Professional Accountants to provide additional guidance to audit engagement quality reviewers about their professional objectivity.

Denmark’s business watchdog said it has brought two auditors before a disciplinary board after concluding they violated regulations while reviewing Danske Bank A/S, the lender caught up in Europe’s biggest money laundering scandal.

The International Accounting Standards Board is considering an update to IFRS for SMEs, its stripped down version of International Financial Reporting Standards for small and midsize entities, the second major update to the standards since it was introduced in 2009.

Crowe Global, the eighth largest network of audit, tax and advisory firms, reported global revenues of $4.4 billion in 2019, an increase of 3.5 percent (not counting the impact of foreign currency exchange), the network’s eighth year of consecutive growth.

The international accounting firm network reported revenues of $1.98 billion in its 2018-2019 fiscal year.

A bill stuck in Congress might help improve audit oversight.

The majority of the U.S.’s 75 most populous cities lack enough funds to pay their bills, but the remaining 12 have budget surpluses, according to a new report.

Private companies got a reprieve for implementation of this major standard -- and they'll need all of it, according to LeaseQuery's George Azih.

The two-way Payroll Relief API allows permitted data to move between it and HR and human capital management solutions.

The Public Company Accounting Oversight Board released a video Monday discussing how to comment on its recent concept release on potentially revising quality control standards for audit firms.

The Big Four firm's Board Leadership Center predicts reinforcing audit quality and setting clear expectations for external auditors will be top of mind in the year ahead.

The International Ethics Standards Board for Accountants has released two exposure drafts for proposed ethical standards aimed at strengthening the non-assurance services and fee-related independence provisions of the International Code of Ethics for Professional Accountants.