September 18, 2017
An official from the American Institute of CPAs asked the Internal Revenue Service to revise its proposed regulations for auditing large partnerships during an IRS hearing Monday.
September 15, 2017
The Financial Accounting Standards Board (FASB) has issued a final standards update intended to improve and simplify hedge accounting rules.
September 1, 2017
The American Institute of CPAs’ Accounting and Review Services Committee has published an exposure draft of a proposed standard on procedures for attestation engagements, while its Financial Reporting Executive Committee has issued working drafts of some of its industry-specific guidance for various industries.
August 30 2017
The Financial Accounting Standards Board released its long-awaited hedge accounting standard this week, but companies may want to be careful about adopting it early, or else they could miss out on some one-time benefits.
August 28, 2017
As an increasing number of routine tasks are being automated, CPAs have been seeking opportunities to provide more insight to businesses, clients, investors, and others who use their services.
August 22, 2017
The International Public Sector Accounting Standards Board is mulling new guidance on how the public sector should account for revenue and non-exchange expense transactions, such as the provision of education, health care and defense, in light of the revenue recognition standard.
August 19, 2017
Auditors of brokers and dealers should take several steps to enable the highest quality in the engagements they perform, according to a PCAOB report issued Friday.
USA, August 15, 2017
KPMG has agreed to pay more than $6.2 million to settle charges it failed to properly audit the financial statements of Miller Energy Resources, a Knoxville, Tenn.-based oil and gas company that settled accounting fraud charges last year, the Securities and Exchange Commission said Tuesday.
August 7, 2017
The International Federation of Accountants has released new guidance to help professional accounting organizations handle the ongoing evolution of accounting regulations.
August 3, 2017
The Financial Accounting Standards Board issued a proposed Accounting Standards Update to improve the guidance for accounting for contributions made and received.
July 27, 2017
Tax authorities of the five BRICS countries today signed a landmark document to establish a mechanism for taxation cooperation, state media said here.
July 26, 2017
The American Institute of CPAs has released a new standard that provides guidance to auditors about their responsibilities when auditing securities exempt from registration under the Securities Act of 1933 and franchise offerings known as exempt offerings.
July 21, 2017
With the new revenue recognition standard taking effect next year, companies and their investors are bound to see some dramatic changes in the topline numbers being reported.
KIEV, July 20, 2017
Ukraine's central bank said on Thursday it had withdrawn the right to formally audit the country's banks from the Ukrainian unit of the international accounting firm PwC.
July 20, 2017
The Financial Accounting Standards Board (FASB) issued new guidance on July 13 that simplifies the accounting for certain financial instruments with down round features.
July 14, 2017
Following a Private Company Council recommendation, FASB issued a new standard Thursday that simplifies the accounting for certain financial instruments with down round features.
July 7, 2017
The AICPA is seeking input on a new framework to better guide CPAs and financial professionals on the valuation of financial instruments and their underlying components.
July 6, 2017
Organizations are finally starting to prepare for the new lease accounting standard that will be taking effect in 2019, but as they do they’re running into some unexpected complexities.
July 5, 2017
New guidance issued by the Governmental Accounting Standards Board (GASB) on June 28 establishes a single approach to the accounting for and reporting of leases by state and local governments.