Financial reporting

The Securities and Exchange Commission has imposed a civil penalty on the car rental giant for misstating pretax income.

The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion.

A tweet from President Trump has the commission looking at easing the burden on public companies.

The Financial Accounting Standards Board has made available the 2019 GAAP Financial Reporting Taxonomy and the 2019 SEC Reporting Taxonomy.

The publication contains five key components and addresses the impact of artificial intelligence and robot process automation.

Verizon Communications Inc. is conceding defeat on its crusade to turn a patchwork of dot-com-era businesses into a thriving online operation.

The update aims to reduce the costs of implementing and applying the new lease-reporting rules

Businesses are tweaking their cash flow and accruals to lower their interest rates on borrowing.

Companies are expanding their budgets to accommodate the new leasing standard, according to a new survey by Ernst & Young.

The Securities and Exchange Commission has been taking a close look at how Amazon.com has been adhering to the new revenue recognition standard, particularly with regard to its Amazon Prime revenue, and Amazon has been pushing back in response to the SEC’s comment letters.

The Governmental Accounting Standards Board proposed implementation guidance Tuesday to help explain some of its pronouncements.

The proposals would make narrow improvements to the rules for credit losses, hedging, and recognition and measurement.

Accounting is facing a slow-moving existential crisis, says institutional investor Jon Lukomnik.

The addition to the close management software company’s Strict Suite Controls product provides a software framework for internal controls.

The update makes narrow improvements to the credit losses standard, including the transition requirements.

Securities and Exchange Commission Chairman Jay Clayton and chief accountant Wesley Bricker weighed in on a proposed change in the reporting cycle for public companies.

A new report from PwC finds businesses still scrambling to meet the deadlines.

The Financial Accounting Standards Board unveiled a proposed accounting standards update Wednesday aimed at improving and harmonizing the accounting for films and episodic content for both TV and streaming video services like Netflix.

The retailer provided South African officers with information about transactions involving more former executives who may have contributed to its accounting crisis.

The Sustainability Accounting Standards Board published its long-awaited set of industry-specific standards at the London Stock Exchange.