Accounting standards

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.

Client accounting services are the new revenue segment you cannot afford to miss.

Oklahoma CPA Tyler Winn shares four strategies for success in this popular service area.

The new method would provide an alternative to the modified retrospective transition method.

The prizes, which recognize excellence in governance, regulation and compliance, were presented by the research company GRC 20/20.

The International Federation of Accountants claims regulatory divergence is dampening economic growth.

The International Ethics Standards Board for Accountants has released a new code of ethics for accountants that’s been rewritten to make it simpler to navigate, use and enforce.

The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

Biotech, pharmaceutical, medical device and related businesses are dealing with recent accounting standards, plus a new tax law, amid a changing landscape for their industry.

Larry Smith, who served as a member of the Financial Accounting Standards Board from 2007 until 2017, is watching some of the standards he worked on for a decade now being rolled out, but he believes the board should be doing more on performance reporting and the FASB Accounting Standards Codification.

Two firms share their experiences with cloud-based systems.