Financial reporting

The changes would simplify some of the transition requirements and offer lessors a practical expedient for separating nonlease from lease components.

Steinhoff International Holdings NV, the South African retail giant consumed by an accounting scandal, said some of its business units need “significant near-term liquidity” as its chief financial officer stepped down to focus on rescue efforts.

If you have reservations about the new expected credit loss model for financial instruments, let’s take a high-level look at the guidance and try to answer some immediate questions.

Auditing firms cannot be expected to root out evil, or to conduct full forensic investigations.

RSM partner Rich Stuart dives into the potential impact of FASB’s incoming standard for leases.

Shares of Steinhoff International Holdings NV rose after the South African retail giant said it will restate financial results going back as far as 2015 amid a probe into accounting irregularities.

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

The AICPA’s framework for financial reporting could save the audit.

The drop in corporate rates could causes issues with deferred tax assets and liabilities.

The Securities and Exchange Commission is giving companies some leeway as they prepare their quarterly financial statements after passage of the Tax Cuts and Jobs Act.