Accounting standards

The Public Company Accounting Oversight Board released staff guidance to help auditors implement Paragraph .10A of AS 1105, "Audit Evidence."

The proposed ASU offers guidance on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock.

The Financial Accounting Standards Board issued an standards update to address stakeholder concerns about the application of derivative accounting.

The Federal Accounting Standards Advisory Board has issued new guidance on the accounting and reporting rules for federal land.

The International Federation of Accountants chose Thomas Müller-Marqués Berger as the new chair of the International Public Sector Accounting Standards Board.

The penalties include a $100,000 fine, and training requirements on communication between predecessor and successor audits.

Progress has not been as quick as predicted, but is expected to continue, according to IFAC and the Chartered Institute of Public Finance and Accountancy.

The Financial Accounting Standards Board posted an accounting standards update to improve the guidance on accounting for internal-use software costs.

The AICPA Peer Review Board wants to update its requirements as more accounting firms get outside funding.

The internal audit profession has been grappling with a greater array of responsibilities beyond checking up on corporate finances, including vetting companies' cybersecurity and use of artificial intelligence.

The PCAOB staff continues to see deficiencies related to the review procedures required by Attestation Standard No. 2.

The White House is proposing to eliminate dozens of accounting requirements for federal contractors it considers "unnecessary and redundant."

When people think of the public accounting profession, they often don't realize that what we do can have a monumental impact on people's lives.

Paul Atkins warned the SEC might eliminate a rule that allows multinational companies to avoid reconciling their IFRS financials with U.S. GAAP.

The new rule becomes effective starting Oct. 1 for employees at the firm's seven offices that help clients or provide back-office support across the country.

The International Ethics Standards Board for Accountants posted two new publications from its staff on two of its recent standards.

Ghana has hired Big Four firm KPMG to advise on investments it is making with a view to creating a second strong operator in its wireless industry.

The executive order aims to strengthen accountability over the spending of taxpayer funds through improved oversight and coordination of grantmaking.