Financial reporting

The turmoil at the electric-car maker reached a fever pitch Friday, as news emerged that two senior executives will leave a matter of hours after the CEO smoked marijuana during an hours-long interview with a comedian.

The new guidance aims to clarify how to account for a state or local government’s stake in an organization that stays legally separate after it’s acquired.

President Trump’s recent tweet suggesting the SEC rethink the requirement for public companies to report their results quarterly has ignited a debate about this topic.

The Financial Accounting Standards Board released an accounting standards update Wednesday aimed at decreasing the complexity of accounting for costs of implementing a cloud computing service arrangement.

The Financial Accounting Standards Board made two changes to its conceptual framework and released a pair of accounting standards updates aimed at making disclosures in notes to financial statements more effective.

As Noble Group’s troubles mounted, the role of Singapore’s regulators has come under scrutiny.

The Financial Accounting Standards Board’s proposed changes to the credit loss standard promise to help private banks and credit unions deal with the transition on a more comfortable timeline.

Allen Weisselberg is an unassuming, soft-spoken guy who has spent decades avoiding the limelight, first in the 1970s as an accountant for President Donald Trump’s father, Fred, and then as the Trump Organization’s chief financial officer. Those days are over.

The Securities and Exchange Commission voted Friday to simplify some of its disclosure requirements that have become outdated, duplicative or overlapping because of changes in the information environment or U.S. GAAP, or because of other SEC disclosure requirements.

President Donald Trump brought a long-simmering debate on Wall Street to the surface Friday when he prodded regulators to look into scaling back how often publicly traded companies report financial results.