After marking several items off her regimented checklist, Imani Hudgins sits down in her darkened workspace for a brief mental break.
The commission responsible for the most widely used internal control framework has published a paper providing guidance for applying the framework to sustainability reporting.
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves the accounting and disclosures for investments in tax credit structures. The ASU is a consensus of the FASB’s Emerging Issues Task Force (EITF).
The PCAOB is seeking feedback on its release Tuesday of a proposal focused on modernizing core auditing principles and responsibilities for public companies.
The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that improves the guidance for applying Topic 842, Leases, to arrangements between entities under common control.
Proposed IRS rules for non-fungible tokens are seen as a good first step by some accounting professionals in this space, indicating the agency is finally taking these assets seriously.
The SEC proposed amendments Wednesday designed to modernize its information collection and analysis methods by, among other things, requiring that registrants file a number of submissions electronically.
The Financial Accounting Standards Board (FASB) today announced that the U.S. Securities and Exchange Commission (SEC) has accepted the 2023 GAAP Financial Reporting Taxonomy (GRT) and the 2023 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”).
Less than one-third of audit team leaders surveyed have access to the talent they need to fuel AI and machine learning solutions. Leaders are trying a variety of approaches to bridge the gap.
The Federal Accounting Standards Advisory Board (FASAB) on Friday issued Technical Bulletin 2023-1, Intragovernmental Leasehold Reimbursable Work Agreements, which is intended to further explain and address accounting issues not directly covered under Statement of Federal Financial Accounting Standards 54, Leases, and other relevant statements.
The past few years have given us a deep appreciation for how quickly the unexpected can upend our assumptions. And there's no question that uncertainty — around everything from inflation and macroeconomic volatility to geopolitical tensions and regulatory shifts — has dominated discussions at organizations in all industries and regions.
Accounting, a profession focused on numbers, is vexed by this one: the 150 college credit hours required to become a certified public accountant.
CFOs have much to learn from the rapidly expanding, highly profitable industry.
The Financial Accounting Foundation (FAF) has launched its free, enhanced online access to the Accounting Standards Codification® and the Governmental Accounting Research System™, implementing a change announced to stakeholders last month.
The percentage of large companies around the world disclosing and obtaining assurance on data related to environmental, social, and governance (ESG) is on the rise, but the percentage of assurance provided by accounting firms is heading in the opposite direction.
Investors, regulators, and other stakeholders are urging companies to step up their environmental, social, and governance (ESG) disclosures. The increased emphasis on ESG reporting has potentially far-reaching consequences that include transforming the role of the CFO.
GASB issued proposed implementation guidance on Monday that is intended to clarify, explain, or elaborate on existing guidance on subscription-based information technology arrangements (SBITAs).
The Financial Accounting Foundation (FAF) today announced it will provide free, enhanced online access to the Accounting Standards Codification® and the Governmental Accounting Research System™ in an effort to make financial accounting standards even more widely accessible to stakeholders and the public.
Auditors are expected to comply with the requirements in AU-C Section 240, Consideration of Fraud in a Financial Statement Audit, in conducting financial statement audits.
The Board of the Financial Accounting Foundation (FAF) today announced it is seeking nominations for a new member of the Financial Accounting Standards Board (FASB).