Accounting standards

With the deadline looming for private companies to comply with the new revenue recognition standard, many companies are still in the assessment stage and have yet to start the actual implementation work.

Barclays Africa Group Ltd. ditched KPMG LLP South Africa as one of its two auditors, the first major local bank to do so, in another blow to the embattled accounting firm’s hopes of survival in the country.

The American Institute of CPAs has issued the final two working drafts of guidance related to rev rec issues for various industries.

The electronics maker's in-flight-entertainment unit improperly hid payments to consultants in the Middle East and Asia.

The Association of International CPAs has released a guide to how management accountants can help their organizations fulfill the United Nations’ Sustainable Development Goals.

The Public Company Accounting Oversight Board began requiring firms last year to disclose the names of engagement partners who participated in audits, but a new academic study questions whether the new requirement will actually benefit investors.

The Sustainability Accounting Standards Board Foundation has appointed Perella Weinberg Partners partner and CEO Robert K. Steel as its new chair, succeeding former New York City Mayor Michael Bloomberg, the founder and chief executive of Bloomberg LP. Steel previously worked under Bloomberg as deputy mayor.

The survey asks for input on the future direction of the auditing overseer.

Businesses are taking time adjusting to the new revenue recognition and lease accounting rules.

The former CEO of the Sustainability Accounting Standards Board is passing on the chairmanship post to vice-chair Jeffrey Hales.

The embattled retailer's chairwoman appealed for shareholder support for an ongoing investigation into the smoldering wreckage left by the accounting scandal.

The first step is to admit there’s a problem.

The Top 100 Firm continues to expand its NetSuite service capabilities in the U.S. and internationally.

Accountants serving U.S. banks and credit unions are bracing for the impact that the current expected credit loss model may have on the institutions’ allowance for loan and lease losses and capital levels, and these institutions are enacting transition plans now.

The new leasing rules will be hitting corporate balance sheets soon.

KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals.

The CFA Institute has some advice for investors about the main questions they should be asking about the new revenue recognition standard.

All staff will face background checks every two years to try improve the firm's reputation.

Bank regulators propose to allow banks to phase in capital treatment of credit losses over three years.