Financial reporting

The Center for Audit Quality has released a publication to help audit committees oversee their companies’ implementation of the new leasing standard.

The Governmental Accounting Standards Board released a new statement spelling out which liabilities should be disclosed related to debt.

Ken Crutchfield, vice president and general manager of Bloomberg Tax Technology, discusses the changes in the leasing standard that accountants and their clients need to prepare for this year.

The International Accounting Standards Board is changing the underpinnings of International Financial Reporting Standards.

The Internal Revenue Service may be changing Schedule UTP, the Uncertain Tax Position Statement, which corporate taxpayers file with their Form 1120 tax returns, because it doesn’t contain enough information to be useful in compliance efforts, according to a new report.

Businesses that were early adopters of the new rules have been running into some issues with regulators and investors.

FASB's recent move to make implementation easier isn't persuading accountants it will save them any time or effort.

The Securities and Exchange Commission has accepted the latest sets of XBRL tags for financial filing.

The International Financial Reporting Standards Foundation has released a new set of data tags, while the Securities and Exchange Commission also renewed its files.

The Center for Audit Quailty has released a new publication offering considerations for audit committee members to help with oversight of non-GAAP measures.