Accounting standards

The International Public Sector Accounting Standards Board has proposed an update to its rules for first-time adoption of accrual basis International Public Sector Accounting Standards.

China Evergrande Group's liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction of creditors' investments from the property giant.

An ex-board member was also charged in the long-running scandal, both for breach of trust in approving sketchy loans.

The document includes the top priorities outlined by investors.

Plus, CAQ releases generative AI guide for audit committees; US Bank announces new AR solution; and other accounting tech news.

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.

I volunteered as a conference host to meet the people in the field doing the hard work of government financial management every day.

The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.

Going concern opinions have slowly decreased over the last two decades, with the exception of spikes during the 2008 financial crisis and the years of the COVID-19 pandemic.

The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, plus a prestigious law firm in Spain.

To achieve greater agility, accuracy and the foresight needed to adjust and adapt, businesses must shed the constraints of the financial close and embrace continuous accounting.

The bookkeeping solutions provider debuted its Generative Accounting Retrieval sYstem, GARY.

AuditBoard has released an out-of-the-box assessment tool feature for internal auditors to assess conformance with new IIA global standards.

CliftonLarsonAllen CEO Jen Leary has been focusing on expanding the firm's appeal, especially to young accountants, as CLA grows its international network.

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework on the measurement of items recognized in financial statements, while also drawing that project to a close.

The International Auditing and Assurance Standards Board issued new advice for auditing smaller companies.

The lease accounting solutions provider is the company's third acquisition this year.

The Accounting and Financial Reporting Council is still carrying out a separate investigation into audits on China Evergrande Group.

Following an exodus of major clients, Big Four firm PricewaterhouseCoopers is cutting at least a hundred employees in China.