Accounting standards

Gabriela Figueiredo Dias has been reappointed for a second term through 2026, at the International Ethics Standards Board for Accountants.

The U.S. Defense Department failed for the seventh straight year to score a clean financial audit, highlighting the challenge of tracking the finances of a sprawling organization that has some $3.8 trillion in assets and $4 trillion in liabilities.

The Financial Accounting Standards Board issued a proposed accounting standards update to establish authoritative guidance on the accounting for government grants received by business entities.

The guide can help companies identify and disclose material information about sustainability-related risks and opportunities that could affect their cash flow.

Facing a backlash about its proposal to toughen standards for failing to detect noncompliance with laws and regulations, the board is putting off action on the standard.

Being careless in a company's early years can make it hard to change from non-GAAP to GAAP standards when preparing for an IPO, sale or other exit.

The invitation to comment requests input on financial key performance indicators such as EBITDA and free cash flow and how they should be treated.

The rule change addresses situations in which a firm has ceased to exist, is nonoperational or no longer wishes to remain registered.

The Carbon Disclosure Project and the Global Reporting Initiative plan to deepen their collaboration.

Board members face the likelihood of a deregulatory emphasis under the incoming Trump administration and probable changes in board composition.

The Financial Accounting Standards Board issued a proposed update to improve the navigability of the disclosures for interim reporting periods.

The Public Company Accounting Oversight Board issued a staff publication amid controversy over its proposed NOCLAR standard.

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

Some 30 jurisdictions are making progress on introducing international sustainability standards in their legal or regulatory frameworks.

Anthony Pugliese, president and CEO of the Institute of Internal Auditors, is traveling the world as his organization expands globally.

A new report says that federal credit programs are costing tens of billions more than stated because the federal government isn't using fair value accounting.

The International Federation of Accountants named its next president, deputy president, new board members and approved member organizations.

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year.

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.