Accounting standards

Among the four biggest global accounting firms, Ernst & Young is likely to be the most exposed to Beijing's crackdown on U.S.-linked auditors, as it stands to lose about a 10th of its China revenue.

Founder and CEO George Azih discusses the lease accounting software platform.

Isn't it reasonable to expect that state governments' financial reporting have full accountability and thus, receive clean audit reports? Often, they do not.

Jan Du Plessis took over Britain's Financial Reporting Council last year following a series of scandals that left investors nursing heavy losses.

He formerly chaired the U.K. Accounting Standards Board and the IFAC's Public Sector Committee, which became the International Public Sector Accounting Standards Board.

The International Federation of Accountants is looking for an outstanding individual to become its next leader.

The two men were named by the retailer in 2019 following a forensic probe by PwC that uncovered $7.2 billion of irregular transactions.

The changes aim to increase transparency and provide more information to investors and other stakeholders. 

Crypto can be subject to major price volatility that is inconsistent with cash or a cash-equivalent treatment.

The bank should have booked provisions for more than $20 billion worth of government bonds that it had accumulated in its portfolio, the auditor said.

The board proposed revisions to its current going concern standard with the goal of improving transparency and consistent practices.

The foundation is adding a place on its website where people can raise concerns about the standard-setters not following due process.

A new report reminds auditors of the need to critically assess their own firm's capabilities and get a better understanding of the company they're auditing.

The International Public Sector Accounting Standards Board hopes to find common ground for government sustainability disclosures.

Finance professionals felt a little more upbeat about the world economy in the first quarter of the year, according to a recent survey.

The trial of Markus Jooste was halted on day one after he was unable to leave his home country South Africa.

Silicon Valley Bank overinvested in long-term bonds, so there was a high likelihood that those bonds would have to be sold prior to their maturity.

At the time of the audit failures, Luceco was the parent of a group of companies producing lighting products and wiring accessories.

EY's U.S. business is embarking on a $500 million cost-saving program over the next 12 months.