Accounting standards

Banks have been reclassifying their losses to avoid taking steep write-downs that could be helping them stay in business.

Plus, GBS Tax and Bookkeeping rebrands as Cleer Tax and Bookkeeping; ITA looks for new president; and other news from the accounting tech world.

The board released an update to improve how companies disclose investments in tax credit structures by letting them use proportional amortization.

IOSCO is encouraging the development of a more global assurance framework for sustainability-related corporate reporting.

The Public Company Accounting Oversight Board voted to update a group of old interim standards it inherited from the AICPA in 2003.

A new law promises to increase the accessibility of government financial information.

The board levied a $100,000 fine and censured Friedman LLP, a former Top 100 Firm that's now part of Marcum for improper use of Chinese audit firms.

The boards are moving to a new oversight body called the International Foundation for Ethics and Audit.

Accountants are well positioned to counter corruption and economic crime at the global and domestic levels.

The board issued an ASU to ease the guidance for applying the leasing standard to arrangements between entities under common control.

China will strengthen regulations on the CPA sector, a deputy finance minister told Deloitte after the the Big Four firm was hit by a record fine.

A look at challenges and opportunities faced by accounting researchers in contributing to the world of academia and business.

Despite the higher premiums they can charge when operating at capacity, the lack of qualified candidates is spelling trouble for firms who are running on skeleton crews.

Management at the Brazilian retailer told auditor PwC and its audit committee there were no supply-chain financing ops, but gave securities regulators conflicting information.

Slowly but surely, more private businesses are adopting the new standard as they face demands to put their operating leases on their balance sheets.

The board proposes modifying IFRS 9 to deal with assets with environmental, social and governance features, as well as electronic payment systems.

By taking advantage of vertically integrated ecosystems, accounting firms of all sizes can optimize their time on client-facing activities, have more balance, and bring more joy to their work.

Richard Eckstrom told lawmakers he had unintentionally exaggerated the state's cash position by $3.5 billion.

The Ministry of Finance said it found 'serious audit deficiencies' in the Big Four firm's audits of Huarong of troubled bad-debt manager Huarong.

Investors and analysts had complained that the existing disclosures don't offer enough information.