Financial reporting

The Financial Accounting Standards Board is giving banks some leeway in applying the new credit losses standard.

The Institute wants to postpone the effective date of its new leases standard for one year, citing an overload for financial statement preparers.

Is quarterly reporting really valuable enough to investors to justify the time and cost spent to compile the reports?

With more than three-quarters of public companies already past the effective date, the spotlight is now on private companies.

The global retailer at the center of South Africa’s biggest corporate scandal cut the value of its assets because of accounting irregularities.

Companies that shop around among auditing firms for clean opinions on their financial statements can compromise the objectivity of outside auditors, according to new research.

The American Institute of CPAs’ Auditing Standards Board has posted a group of standards for audit reports and auditing financial statements.

The Securities and Exchange Commission has voted to propose a set of amendments to its rules governing the kind of information provided to investors.

The Governmental Accounting Standards Board has released guidance in the form of questions and answers to help state and local governments apply its standards.

One of China’s largest listed drugmakers said it overstated cash holdings by $4.4 billion, sending its shares and bonds tumbling.