Financial reporting

The Defense Department overstated the value of weapons sent by $2.6 billion in fiscal 2022 and $3.6 billion in fiscal 2023.

The Financial Accounting Standards Board released a new chapter of its Conceptual Framework describing a reporting entity.

The International Accounting Standards Board added new disclosure requirements with the goal of improving the transparency of supplier finance arrangements.

Internal auditors are in especially high demand by businesses that have faced recent public failures, according to a new study.

The board has been receiving comments as it works to impose the first rules ever for how companies should report on their cryptocurrency holdings.

Illustrative guidance would help determine whether the extra money companies hand out to execs should be accounted for as share-based payments.

Enforcement actions increased 55% in 2022, although total monetary settlements were down more than 60%.

Silicon Valley Bank overinvested in long-term bonds, so there was a high likelihood that those bonds would have to be sold prior to their maturity.

Finance executives are increasingly relying on the concept of "continuous improvement" as a way to navigate today's uncertain economy.

The enterprise software developer fell the most ever in a single day after Kerrisdale Capital alleged "serious accounting and disclosure issues."