Accounting standards

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.

Internal controls, the new lease accounting standard and cybersecurity are just some of the issues keeping financial executives up at night, according to a new survey by KPMG.

With 2018 now upon us, the new revenue recognition standard could have a big impact on your company and your finance team.

The four-month trial of three former Tesco Plc U.K. executives accused of fraud and false accounting over a 250 million-pound ($341 million) profit black hole at the grocer is nearly at an end.

Marisa Garcia, managing director of CohnReznick Advisory, explains why so many industries are still dragging their heels on adjusting to the new revenue rules.

Ceterus has debuted Ceterus Tax, a managed tax service for small businesses.

The Financial Accounting Standards Board issued a one-page Q&A document Thursday from its staff letting private companies and nonprofits apply recent staff guidance from the Securities and Exchange Commission on the tax accounting implications of the recently passed Tax Cuts and Jobs Act and plans future Q&A documents, along with an accounting standards update.

Audit committees at public companies will have plenty on their agendas this year, according to a pair of new reports from KPMG, including new accounting standards, the new tax law, cyber security and more.

Revenue recognition is one of the accounting topics most examined by investors and regulators.

Marisa Garcia, managing director of CohnReznick Advisory, discusses what companies should be doing to prepare for the new revenue recognition standard.

The partnership forms an integrated financial and HR solution.

Marisa Garcia, managing director of CohnReznick Advisory, discusses what companies need to know about FASB's new revenue recognition standard and what they should do about it.

A little-known new professional standard speaks to accountants’ responsibilities when they uncover client noncompliance with laws and regs. Audit Conduct’s Cathy Allen unpacks the details.

The changes would simplify some of the transition requirements and offer lessors a practical expedient for separating nonlease from lease components.

If you have reservations about the new expected credit loss model for financial instruments, let’s take a high-level look at the guidance and try to answer some immediate questions.

If you’re a bookkeeper, it’s time to embrace evolution.

Auditing firms cannot be expected to root out evil, or to conduct full forensic investigations.

RSM partner Rich Stuart dives into the potential impact of FASB’s incoming standard for leases.

Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities.

The board’s staff are offering additional information on determining auditor tenure.