Financial reporting

The American Institute of CPAs has named Angela Newell, a national assurance partner at BDO USA’s Dallas office, as the new chair of the AICPA’s Financial Reporting Executive Committee, succeeding Crowe partner Jim Dolinar.

MoviePass’s parent company hit another bump Tuesday, acknowledging it lost track of how many paying customers the film-subscription service had on its books.

The Securities and Exchange Commission has approved the Financial Accounting Standards Board’s 2019 GAAP Financial Reporting Taxonomy, along with the 2019 SEC Reporting Taxonomy, FASB said Tuesday.

The update clarifies some of the disclosure and implementation requirements of the new leasing standard.

A survey finds the majority of finance execs are not confident they can identify financial errors before reporting results.

The Federal Accounting Standards Advisory Board is looking for input on some proposed changes.

The board posted a proposed guide Thursday, with a set of questions and answers about the new standards.

Berkshire Hathaway posted a $25 billion loss in the fourth quarter, mainly due to a writedown from its stake in Kraft Heinz.

Analysts are more likely to highlight the negatives instead of the positives, according to new research.

The food maker flagged to investors a subpoena it received last year from the U.S. Securities and Exchange Commission related to its procurement practices.