Financial reporting

The Treasury announced it would no longer enforce the Corporate Transparency Act, nor enforce any penalties or fines associated with beneficial ownership reporting.

Helping business owners understand the flood of accounting and financial data they face is a major opportunity for accountants.

A diverse range of financial investments and assets adds another layer of complexity for accountants working with family offices.

Meta Platforms Inc. made a small change to how it depreciates its AI infrastructure that's likely to increase the company's profit by billions this year.

The Financial Accounting Standards Board released a proposed ASU containing a set of targeted improvements to the FASB Accounting Standards Codification.

The accounting profession has the opportunity to advance by emphasizing intellectual capital in engagements.

The company has acquired JustPerform, a cloud-native enterprise performance management suite

Vince McMahon is alleged to have hidden hush-money settlements to a former employee and company contractor, leading to incorrect financial statements in 2018 and 2021.

The Financial Accounting Standards Board released an update to clarify the interim effective date of its standard on disaggregation of income statement expenses for non-calendar year-end companies.

The CFO role is becoming an increasingly vital position within corporations, with many now seeing it as a stepping stone to the CEO position.

It's been almost a year since Archer-Daniels-Midland Co. disclosed a probe into its accounting practices that wiped out $12 billion.

Many continue to question the constitutionality of the Corporate Transparency Act, but it's not gone yet.

After an injunction was lifted by an appeals court, the Treasury's Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.

The Financial Accounting Standards Board issued an invitation to comment on whether to pursue a project on accounting for intangible assets.

The retailer trimmed its profit outlook after concluding its investigation into an employee plot to hide millions of dollars in expenses.

An injunction from a federal court has paused CTA enforcement, but not eliminated the possibility of it in the future.

A federal district court has issued a preliminary injunction to prevent the government from enforcing the Corporate Transparency Act.

The fiscal year-end brings a cycle of intense workloads that can extend into the new year, as accountants and auditors work to close the books.

The investigation determined that "the conclusions EY stated in its resignation letter were not supported by the facts examined in the review."

The retailer said the incident involved only one former employee, who had hidden as much as $154 million of delivery expenses since 2021.