Financial reporting

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.