Accounting standards

The American Institute of CPAs has sent a set of recommendations to the Internal Revenue Service and the Treasury Department about the impact of last December’s tax code overhaul on accounting method changes for small businesses.

The Financial Accounting Standards Board released a set of mostly minor revisions and technical corrections to the lease accounting standard.

A new Financial Accounting Standards Board disclosure requirement makes several material changes to U.S. GAAP.

The International Federation of Accountants and the International Bar Association are partnering on an initiative to combat corruption, ahead of the gathering of global leaders at the G20 summit in Buenos Aires later this year.

CountingWorks is an accounting professional marketplace for small businesses.

The National Association of State Boards of Accountancy and the American Institute of CPAs’ U.S. International Qualifications Appraisal Board have signed a mutual recognition agreement with CPA Australia.

The Government Accountability Office has updated its auditing standards guide.

Erkki Liikanen, a former governor of the Finnish Central Bank, has been named chair of the IFRS Foundation trustees, the group that oversees the International Accounting Standards Board and the International Financial Reporting Standards they develop.

The International Federation of Accountants has released an updated reference.

Axiom, a provider of legal contract technology, has introduced the Contracts Intelligence Platform for Lease Accounting to help organizations uncover embedded leases that are subject to the new lease accounting standard.

The Sustainability Accounting Standards Board held its first board meeting under its new leadership this week to discuss progress on its provisional standards, with an eye to releasing them in the fall.

KPMG is partnering with analytics provider SAS on helping banks make the transition to the current expected credit loss, or CECL, accounting standard that begins to take effect in January 2020.

The Auditing Standards Board is thinking about relaxing some of the requirements for attest engagements.

The company's Free offering is geared toward startups while its Essentials version is designed for small businesses with a limited number of monthly transactions.

New tools and new technologies are rapidly changing this core accounting role.

Moving through tax season affords accounting professionals an excellent platform to educate your clients about how best to approach their long game.

The software provider specializes in helping companies get ready for the lease accounting standard.

The withheld information would have “materially impacted” the assessments had it been made available to the auditor, KPMG said in a letter to the fund.

Xerox Corp.’s Chief Executive Officer John Visentin blasted his Fujifilm Holdings Corp. counterpart’s efforts to revive merger talks and warned he doesn’t plan to renew the companies’ Asia joint venture in 2021.

The Governmental Accounting Standards Board has issued guidance outlining the accounting requirements for interest costs incurred before the end of a construction period.