Financial reporting

Thomson Reuters has introduced PPC’s Guide to SSARS Preparation Engagements to explain the new financial statement preparation service introduced by the American Institute of CPAs’ Accounting and Review Services Committee.

PricewaterhouseCoopers’ latest Trendsetter Barometer—a quarterly survey of top executive officers at privately held U.S. businesses—has something positive in it for everyone, according to Ken Esch, the PwC Private Company Services partner who conducted the survey.

Many large privately held companies are more profitable and are growing revenues faster than publicly traded companies in the U.S., according to new data.

The Securities and Exchange Commission voted Wednesday to propose rules to require companies to disclose the relationship between executive compensation and the financial performance of a company.

The International Federation of Accountants has convened the first meeting of a coalition of major accounting firms, civil society groups and international organizations to develop strategies to encourage high-quality public sector financial reporting, greater government transparency and accountability, and empowered citizen engagement.

Practical tips for when and what to disclose

While the number of financial restatements has leveled off in recent years, there was an increase in restatements by large public companies known as accelerated filers for the fourth consecutive year.

PricewaterhouseCoopers has agreed to pay $65 million to settle claims over its audits of the failed investment company MF Global.

Ernst & Young LLP agreed to pay $10 million to settle New York’s lawsuit accusing it of helping Lehman Brothers Holdings Inc. hide financial problems in the years leading to its 2008 collapse.

The Association of Chartered Certified Accountants and the Institute of Management Accountants have published a report examining the future function of the CFO in the finance department of tomorrow.

Last year saw a rise in accounting-driven federal class action lawsuits, according to a new report from Big Four firm PwC.

Toshiba Corp. fell the most in more than a year after the company said it would appoint a committee to investigate possible problems with its accounting.

You manage what gets measured: Penny-wise but pound-foolish financial reporting

Filings of securities class actions with accounting-related allegations increased 47 percent in 2014, according to a new study.

The Financial Accounting Standards Board is getting ready to unveil a set of proposals that could have a major impact on the way nonprofit organizations present their financial statements.

Investors should pay closer attention to the Other Comprehensive Income statement on financial reports, suggests a new study.

Fewer restrictions on shareholder participation correlate with a relatively low incidence of accounting restatements, according to a new study.

An accounting scandal, a failed merger and the departure of top executives would normally make a company toxic to acquirers. Not for Salix Pharmaceuticals Ltd., the subject of a $11 billion bidding war that drove the drugmaker’s stock close to its highest-ever price.

The Financial Accounting Standards Board said Monday that the Securities and Exchange Commission has adopted its 2015 GAAP Financial Reporting Taxonomy, which uses XBRL format.

Prince Charles' Accounting for Sustainability Project and its Chief Financial Officer Leadership Network has published four guides to help the finance and accounting community address the issues of integrating sustainability into their business processes and decisions.