Financial reporting

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.

The resignation comes after Department of Justice launched a probe into an ex-employee's claims that Super Micro violated accounting rules.

The proposed ASU would set more consistent requirements for determining the acquirer when a transaction is achieved by exchanging equity interests.

The sofamaker agreed to pay $1.5 million to the SEC to settle allegations that two former executives devised a fraudulent accounting scheme to meet a key Wall Street metric.

The commission is focused on accounting errors the railroad had previously disclosed and certain non-financial performance metrics. 

If you don't report, you can't measure what was successful, and — equally as important — what wasn't.

The proposed update aims to enhance the guidance for share-based consideration payable to a customer in conjunction with selling goods or services.

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

Business solutions platform Xero announced it will acquire cloud-based reporting, insights analytics platform Syft.

Understanding these updates is critical in guiding the tens of millions of LLCs, closely held businesses, and other small-business clients through the complexities of beneficial ownership compliance.