Financial reporting

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.

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The International Integrated Reporting Council, the Sustainability Accounting Standards Board, the Global Reporting Initiative and the Carbon Disclosure Project are working to harmonize standards.

Nearly two-thirds of governments are expected to report on an accrual basis within the next five years.

The update clarifies the guidance on the interaction between some types of collaborative arrangements and the new revenue recognition standard.

The vast majority of S&P 500 issuers are using the modified retrospective method of adopting the new rules.

The accounting standard redefines the rules for operating leases.

In Larry Culp’s first earnings day as CEO, the company revealed an expanded federal probe into its accounting.

Companies are still behind schedule in getting ready for the impending standard, according to a new survey.

General Electric Co.’s new chief executive officer got off to a rocky start with Wall Street as the company revealed an expanded accounting probe by U.S. authorities.

A study suggests that a background in audit can be a double-edged sword in the C-suite.