Financial reporting

The projects have been prioritized based on stakeholder feedback in response to the board’s June invitation to comment.

Consistent environmental, social and governance standards are gaining support internationally, according to a new poll.

ARA Holdings Inc. is settling for a $2 million penalty.

The Federal Accounting Standards Advisory Board released an interpretation of the accounting rules around reporting debt cancellation for the federal government.

The staff at the Securities and Exchange Commission released guidance Monday for companies about how to properly recognize and disclose compensation costs for “spring-loaded awards” they hand out to executives.

The Financial Accounting Standards Board issued a proposed accounting standards update that would expand the disclosures under its credit losses standard.

More companies have issued financial restatements in the second quarter of 2021 than any year since 2013, driven in part by recent SEC guidance on SPACs.

The ASU requires businesses to disclose information about some types of government assistance they receive within the notes to their financial statements.

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans.

The accounting standards update would help nonpublic companies that provide equity-classified share-based awards to executives.