Accounting standards

A new revenue procedure makes it easier for companies to conform with FASB's revenue recognition standard.

The firm improperly altered documents ahead of an inspection.

Steinhoff International Holdings NV’s shares plunged to a record low after the retailer warned of impairments beyond the 6 billion euros ($7.2 billion) reported in December and said it’s facing at least five lawsuits.

The financial health of Magnolia Regional Health Center, a 200-bed public hospital in northern Mississippi, has gone from fair to serious condition all because of an accounting rule.

Gravity Software releases subscription billing module for Dynamics 365; PeaCounts tests blockchain accounting system; Certify offers Certify Travel for enterprises.

The names of more than 220 member firms will be changing as part of the latest rebranding.

The goodwill gesture comes ahead of a planned summit between President Trump and Kim Jong Un that’s expected in the coming weeks.

Warren Buffett has warned about the “nightmare” tied to new accounting-rule changes. Now it’s beginning.

A new study by the International Federation of Accountants has found high rates of adoption of international accounting standards in areas such as auditing and ethics.

Wesley Bricker said the commission is keeping an eye on a number of new developments in accounting standards and financial reports.

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.