Accounting standards

Public Company Accounting Oversight Board provides answers from staff members to questions about the obligations of registered firms when auditing in Mainland China.

The new standard is the culmination of the efforts to clarify the various standards for performing attestation engagements.

Kentucky-based wire and cable maker is resolving allegations by the SEC and the Justice Department that it violated internal control requirements and the Foreign Corrupt Practices Act.

Mario Pompeo of CohnReznick discusses how accountants can help companies get ready for implementing the new revenue recognition standard in this new podcast.

The January column takes on more misconceptions about market values.

The board member submitted his resignation to the SEC on Friday, Dec. 23, almost two years before the end of his appointed term.

The Financial Accounting Foundation is filling three soon-to-open seats on its board.

The payroll provider saw the fastest growth in human resource services.

The standard-setter aims to clarify several aspects of Topic 606.

Investors and regulators will benefit from a new Public Company Accounting Oversight Board regulation requiring firms to disclose the lead engagement partner on an audit, according to a new academic study.

Board releases a set of narrow modifications to clarify various rules.

The Financial Accounting Standards Board has released the 2017 GAAP Financial Reporting Taxonomy, although final acceptance by the Securities and Exchange Commission is still pending.

The U.K. Serious Fraud Office dropped its case against former Tesco Plc group commercial director Kevin Grace without charges, a sign the prosecutor may be getting close to ending its probe into accounting practices that caused the grocer to overstate its profit by as much as 326 million pounds ($407 million).

The Public Company Accounting Oversight Board is disciplining Deloitte Accountants NV, imposing a civil monetary penalty of $300,000 on the Netherlands member of the Deloitte Touche Tohmatsu Limited network.

KPMG International reported global revenue growth of 8 percent for FY 2016.

Document can help audit committees evaluate how far along their companies have come.

The Governmental Accounting Standards Board has published guidance for state and local governments on the subject of liabilities known as “asset retirement obligations.”

For professionals in the accounting and finance professions, any changes to accounting standards usually lead to some apprehension as these rules require companies to make key adjustments, expand disclosure practices and implement new procedures for recording various financial metrics.

Leaders of the Financial Accounting Standards Board and the International Accounting Standards Board pledged Tuesday to continue their work together, even after completing their major convergence projects for harmonizing standards.

Officials from the Securities and Exchange Commission and the Center for Audit Quality discussed the effort to rein in the use of non-GAAP financial measures during an American Institute of CPAs conference Monday.