Financial reporting

Class-action securities lawsuit filings alleging accounting wrongdoing rose 33 percent to 93 last year, the highest level since 2008 and the fourth consecutive annual increase, according to a new report, while settlement values for accounting-related cases reached their highest level of the past nine years.

The American Institute of CPAs’ Financial Reporting Executive Committee has issued 11 new working drafts to help four different industries deal with the upcoming revenue recognition accounting standard.

The Financial Accounting Standards Board has released an accounting standards update that changes the treatment of the amortization of premiums for purchased callable debt securities, shortening the amortization period for the premium to the earliest call date.

As companies prepare for the new accounting standard that takes effect in 2018, there’s no shortage of apprehension among financial executives.

More than a third of CFOs’ time is being spent as strategic advisors as they move beyond the traditional financial management role, according to a new survey by Grant Thornton.

Eighty percent of CFOs at U.S. companies have not yet begun the transition to the upcoming leasing standard, according to a new survey.

The British grocery company agrees to a 214 million pound penalty to resolve regulatory probes.

The new revenue recognition standard is going to force many companies to make new disclosures, but they shouldn’t wait until the last minute to get ready, warns a recent report.

Profs. Miller and Bahnson analyze a quartet of futile pursuits, from political interference with standard-setting to convergence.

Companies and mutual funds might be able to use a more convenient version of Extensible Business Reporting Language in their financial filings, under a new rule proposed by the SEC.