Accounting standards

The Financial Accounting Standards Board is extending the period of time to use its LIBOR-to-SOFR relief guidance.

The new standard for audit confirmations would replace an interim standard that hasn't changed for two decades.

Accounting Standards Update 2022-5 amends the LTDI guidance from 2018.

The International Sustainability Standards Board has settled on a definition of 'sustainability' that will guide its future work.

Officials from the Financial Accounting Standards Board are defending their consultations with investors in the wake of a report from an SEC advisory committee.

Andreas Barckow explained in a recent speech why the board does not have a cryptocurrency standard project at the moment.

As digital transformation continues to accelerate the evolution of tax and accounting, the players who expedite their embrace of these six tech trends will have an early mover advantage.

Officials from the commission discussed some of the proposed rules for digital assets like cryptocurrency and climate-related disclosures under development.

Piles of relevant documents were disclosed to the defense only four weeks before the trial started.

Accounting leaders who still think they can buy their firm's software off the literal shelf may ironically create more problems than they solve.

Plus, Alight releases a payroll solution; Softrax releases a new revenue management solution; and other news from the world of accounting technology.

As PCAOB inspections in China move forward, U.S. auditors should use caution in engagements with Chinese-based companies.

Auditing firms have been relying increasingly on outside specialists for audit engagements since the Public Company Accounting Oversight Board unveiled a new standard governing their use.

Markus Braun's payment company collapsed under the weight of fraud allegations, wiping out billions in shareholder value.

The average number of critical audit matters per audit report has declined over time, while the proportion of audit reports that communicate only a single CAM has increased.

The results of CPA.com's third benchmarking survey reveal some key characteristics of successful client advisory services practices.

The board levied sanctions and fines totaling $7.7 million against three of KPMG's member firms in the U.K., India and Colombia.

The Institute of Internal Auditors sent a letter to lawmakers urging them to set new requirements for crypto exchanges in the U.S.

Auditing firms can expect enhanced inspections, strengthened enforcement and higher penalties, says Public Company Accounting Oversight Board Chair Erica Williams.

The board issued an ASU to improve accounting guidance for arrangements between entities under common control.