Accounting standards

A U.S. bill that proposes to delist Chinese firms that don’t open their audit books to American regulators could benefit Hong Kong Exchanges & Clearing Ltd. as companies instead turn to the city’s bourse.

Punit Renjen has secured a second four-year term as global CEO of Deloitte Touche Tohmatsu’s international network of firms, starting Monday.

Sandy Peters, head of financial reporting policy advocacy at the CFA Institute, talks about some of the most important points for investors and accountants to consider under the new standard on leases.

From human resources capabilities to portals and more, vendors are moving forward.

The update reduces the cost of accounting for goodwill and measuring certain identifiable intangible assets for not-for-profit organizations.

For months, Intuit has been testing a new live bookkeeping service called QuickBooks live. Now the company is ready to go live with the offering on June 3.

The changes will provide a single method for government issuers to report on conduit debt obligations and related commitments.

Many banks and financial institutions are encountering challenges in preparing for the Financial Accounting Standards Board’s credit losses standard, according to a new survey.

The Public Company Accounting Oversight Board has published guidance from its staff on how auditors can communicate critical audit matters in their audit reports.

The firm said the fine should be just a fraction of that size, at 1.4 million pounds.

The Governmental Accounting Standards Board proposed new guidance on how state and local governments should handle the accounting and financial reporting for cloud computing and similar subscription-based information technology arrangements.

Now being a QuickBooks Online Certified ProAdvisor is one of the required qualifications for also participating in Live as a bookkeeper.

One of China’s largest listed drug makers said related parties used the firm’s funds to trade its shares, a day after the securities regulator alleged financial data had been fabricated.

The clarification might lead to problems for some museums.

The Financial Accounting Standards Board is giving banks some leeway in applying the new credit losses standard.

The Financial Accounting Standards Board has released a proposed accounting standards update to reduce the cost and complexity of accounting for income taxes.

The Institute wants to postpone the effective date of its new leases standard for one year, citing an overload for financial statement preparers.

The American Institute of CPAs has submitted a set of recommendations to the Internal Revenue Service about accounting method changes.

With more than three-quarters of public companies already past the effective date, the spotlight is now on private companies.