Accounting standards

PricewaterhouseCoopers has released a useful report demonstrating the many differences that remain between U.S. GAAP and International Financial Reporting Standards.

The Public Company Accounting Oversight Board has entered into a cooperative arrangement with Luxembourg’s audit regulator, the Commission de Surveillance du Secteur Financier of Luxembourg, relating to the oversight of audit firms subject to the regulatory jurisdictions of both regulators.

The Institute of Management Accountants has published a new Statement on Management Accounting on Implementing an Effective Risk Appetite to help businesses identify their key risk exposures.

The chairmen of the two organizations responsible for the creation of IFRS argue the value of the standards to the public in a new publication.

The International Accounting Standards has issued an amendment to its revenue recognition standard, IFRS 15 Revenue from Contracts with Customers, formalizing the deferral of the effective date by one year until 2018.

The Institute of Internal Auditors has sent a letter to the Securities and Exchange Commission calling on the SEC to require internal audit functions for all publicly traded companies.

The Financial Accounting Standards Board released the proposed 2016 GAAP Financial Reporting Taxonomy for public review and comment Tuesday.

The Governmental Accounting Standards Board decided Tuesday to add a project to its technical agenda to re-examine the financial reporting model for state and local governments.

The Financial Accounting Standards Board has issued a proposed accounting standards update to clarify the implementation guidance on principal versus agent considerations contained in the new revenue recognition standard.

Toshiba Corp. uncovered 10 new cases of accounting problems, including at a U.S. unit, prompting it to miss a regulator’s deadline for submission of its fiscal 2014 earnings release.

While accounting scandals in the Netherlands have not been making a whole lot of headlines in the U.S., they have been generating plenty of controversy at home.

The Governmental Accounting Standards Board has published a new authoritative implementation guide that details comprehensive authoritative implementation guidance that has been cleared by the board for state and local governments.

Last year, the percentage of non-audit fees dropped below 10 percent of the total fees paid to audit firms for the first time since Sarbanes-Oxley, according to a new report.

Tim Gearty of Becker Professional Education describes some of the recent changes in accounting standards that will be confronting CPA candidates on their upcoming exams, in an interview with Accounting Today editor-in-chief Dan Hood.

Tim Gearty of Becker Professional Education discusses some recent changes in accounting standards that CPA Exam candidates should know about before sitting for the test, in an interview with Accounting Today editor-in-chief Dan Hood.

The Governmental Accounting Standards Board said the deadline is approaching for comments on two of its proposed changes in standards for external investment pools and irrevocable split-interest agreements.

The SEC must get out of the way and let FASB tackle its to-do list

The Financial Accounting Standards Board plans to host roundtable meetings to discuss its recent proposed changes in accounting for not-for-profit organizations and health care entities.

Tim Gearty of Becker Professional Education discusses how the CPA Exam is testing for recent accounting standards updates, in an interview with Accounting Today editor-in-chief Dan Hood.

The Public Company Accounting Oversight Board announced that the next meeting of its Investor Advisory Group.