Accounting standards

The American Institute of CPAs’ Auditing Standards Board has added some new requirements.

Following a refinement of the group’s constituents, the board has added a handful of new members.

A global vision enables practices to better serve clients in a rapidly expanding world.

The Financial Accounting Foundation has published an updated compendium of U.S. GAAP in five volumes.

The Public Company Accounting Oversight Board has added information on secondment arrangements to its instructions for auditing firms filing the new disclosures.

The Financial Accounting Standards Board’s guidance on the definition of a business could be of special benefit to the real estate, pharmaceutical, biotech and financial services industries, but doesn’t go as far as some had hoped.

At least one of the Financial Accounting Standards Board’s new moves is so well liked, some companies want to adopt it as of yesterday.

Tax reform may encourage the use of digital currency.

Japanese electronics giant posts massive writedown and chairman resigns on the heels of accounting scandal, providing hours of chaos that shook investor confidence.

The number of changes facing the accounting profession will leave most practices radically altered in the near future, according to Barry Melancon, the president and CEO of the American Institute of CPAs.

Corrado Sciolla quits as the fallout from the British phone carrier’s Italian unit spreads.

Intuit’s exec Angela Camp and National Consumers League VP John Breyault appointed to the Electronic Tax Administration Advisory Committee.

Chris Henkel of Moody's Analytics discusses in this video how companies will be adjusting their processes to comply with FASB's new current expected credit loss model for financial instruments accounting.

The Ernst & Young global network’s member firm charged with audit failure, noncooperation, and violations of quality control standards.

Chris Henkel of Moody's Analytics discusses in this video how FASB's new standard on current expected credit losses could affect the assets and loans on a company's financial statements.

A wide range of accounting and financial executives are tasked with evaluating what adjustments will need to be made and what new procedures will need to be put in place to handle the change.

Chris Henkel of Moody's Analytics explains in this video how FASB's new financial instruments standard on loan losses might apply to financial institutions of different sizes.

Chris Henkel of Moody's Analytics discusses some of the major features of FASB's new financial instruments standard on accounting for loans.

FASB's current expected credit loss standard represents a major challenge for financial institutions -- and other businesses, too. Moody's Analytics' Chris Henkel discusses what it means.

Combined revenue at member firms increases to $3.2 billion, while the number of partners and staff increased 8.9 percent.