Financial reporting

The Financial Accounting Standards Board issued a new accounting standards update aimed at improving its existing hedge accounting guidance.

The 2016 standard on leases met its objective of providing investors with useful information, but the costs of implementing and maintaining it were high.

The company has struggled to meet SEC deadlines amid souring investments, flaws in its financial reporting and an ongoing investigation.

An accounting error forced the British retailer to cut its profit outlook in North America for a second time, prompting Carl Cowling's departure.

Economic pessimism is on the wane among audit partners, though they're not feeling as confident as last year, according to a CAQ survey.

Mike Lyons blamed a raft of operational shortcomings for the earnings disappointment that triggered a record rout in the payments giant's stock last month.

The Financial Accounting Standards Board aims to improve the accounting for purchased loans as it confronts a potential threat from House Republicans.

The German maker of packaging for medicines and cosmetics said it is "more likely to assume" it failed to properly recognize sales during the 2024 fiscal year. .

B&M European Value Retail SA Chief Financial Officer Mike Schmidt announced he'll step down after the company cut its guidance again due to an accounting error.

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

Paul Atkins said the proposal will let companies report on a semi-annual basis, though many might still choose to report quarterly.

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

President Donald Trump said companies should not be forced to deliver earnings reports on a quarterly basis, saying he preferred a six-month schedule he cast as saving businesses time and money.

James Moloney, a partner at the law firm Gibson, Dunn & Crutcher, will head the SEC's division of corporation finance starting next month.

Marcum LLP will be succeeded by BDO USA once Marcum has completed the 2024 audit of the Los Angeles-based brokerage.

The scale of the retailer's overstatement is "quite shocking" and will likely impact management credibility, said one analyst.

The Financial Accounting Standards Board is offering optional guidance on the measurement of credit losses for accounts receivable and contract assets.

The errors were tied to accounting for engineering scrap and engineering support labor.

It faces a potential $4.6 billion in additional taxes owed after an accounting change, although it is contesting the matter with the Internal Revenue Service.

U.S. officials have asked for information related to the accounting of deals that the cybersecurity company has made with some customers.