ASB approves standard on auditors’ responsibilities relating to fraud
The AICPA Auditing Standards Board approved a new fraud standard to enhance and clarify auditor responsibilities in a financial statement audit.
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The AICPA Auditing Standards Board approved a new fraud standard to enhance and clarify auditor responsibilities in a financial statement audit.
SSA 5000 likely to come into effect from April 1, 2027, to be used for top listed 1,000 companies, and for voluntary compliance.
The Financial Accounting Standards Board posted a proposed accounting standards update with targeted improvements to the Accounting Standards Codification.
The Financial Accounting Standards Board issued a proposed ASU to clarify how the definition of cash equivalents applies to digital assets such as stablecoins.
In addition to language tweaks, the proposed Accounting Standards Update includes clarifications related to estimates of expected credit losses and several other topics.
Analysts say the change should boost transparency but is unlikely to move MSR carrying values
The Governmental Accounting Standards Board released a discussion memorandum on the design of the GASB-GAAP Taxonomy and digitization of government financial statements.
The update changes how investment companies such as mutual funds can measure the fair value of an equity security subject to a contractual sale restriction.
The Financial Accounting Standards Board issued a proposed update to improve the accounting guidance for residential mortgage servicing rights.
The amendments address stakeholder concerns that current GAAP guidance doesn’t consider a contractual restriction on the sale of an equity security when measuring the fair value of...
The International Financial Reporting Standards Foundation plans initiatives to strengthen the accounting and sustainability reporting standards boards they oversee.
The American Institute of CPAs' Auditing Standards Board adopted new guidance governing the auditor's responsibility for identifying fraud or suspected fraud.
For many firms managing leases in the U.K. and Ireland, FRS 102 has long been a stable part of the reporting landscape, but that's changing with Section 20.
The framework aims to provide a consistent basis for assurance engagements while addressing evolving reporting requirements across the country
The Defense Department plans to shift from its traditional use of cost accounting to the more widely prevalent U.S. GAAP to make it easier to do business with companies.
The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.
The Governmental Accounting Standards Board released an implementation guide with questions and answers clarifying the requirements related to subsidies.
FASB is seeking feedback on a proposal that aims to answer stakeholder uncertainty about how the definition of cash equivalents applies to stablecoins and other digital assets.
On Aug. 5, 2026, the Securities and Exchange Commission announced a new specialized unit within its Division of Enforcement focused on accounting and financial reporting fraud, as...
On 28 September 2026, the Financial Markets Standards Board (FMSB) issued version 2 of its Standard for Sharing of Standard Settlement Instructions (SSIs). The Standard establishes...
The team of attorneys and accountants' job is spotting when financial reporting crosses from aggressive into misleading.
The AICPA’s updated digital assets practice aid addresses the most recent developments in an evolving area.
New questions and answers aim to assist stakeholders with financial reporting requirements related to subsidies in Statement No. 103, Financial Reporting Model Improvements. GASB a...
On August 5, 2026, the U.S. Securities and Exchange Commission (SEC) announced the establishment of a new financial reporting and accounting unit within the agency’s enforcement di...
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