Accounting standards

A handful of predictions about the biggest changes the profession will have seen by 2033.

Businesses are changing how and when they sign new leases as workplaces grow smaller, more employees work remotely and new lease accounting standards come into play.

The move signals continued concerns about data security even after Beijing reached a landmark deal to allow U.S. audit inspections on hundreds of Chinese firms listed in New York.

The board increased its enforcement activity significantly in 2022 and levied record-setting penalties.

The British cybersecurity company has hired the Big Four firm to review "key financial processes."

IOSCO has suggested it would be unreasonable to penalize companies that aren't immediately able to get the data they need to report their complete carbon footprints.

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Are you prepared?

The board voted to provide a practical expedient for when companies have related-party arrangements between entities under their common control.

Americanas sought bankruptcy protection after its shares tumbled 77% in one day and dollar bonds sank to 15 cents on the dollar following the reporting of the massive accounting hole.

The IIA's president and CEO sees the proposed confirmation standard as an 'unnecessary swipe' at internal auditors.