The International Accounting Standards Board (IASB) issued a standard for insurance contracts to help investors and others better understand insurers’ risks exposure, profitability, and financial position.
Strengthening partnership between finance and the credit loss group may be the first step in an implementation process that a Deloitte survey shows many banks have already started.
US securities issuers will be required to include a hyperlink to each exhibit in a corporate filing’s exhibit index under new rule and form amendments.
Audit committees have a significant role to play as organisations implement a new accounting standard for revenue recognition that will have a big effect on many industries.
Political decisions that may affect cross-border business policies in the US and the UK have so far had no effect on international accounting standards, Hans Hoogervorst said.
Mary Jo White plans to depart her position as the US Securities and Exchange Commission chair in January, when Barack Obama’s second term as president ends.
CFOs like to hire staff-level people who possess both technical ability and soft skills. But if finance leaders have to choose between the two, they have a clear-cut favorite for staff-level employees.
Transparency in financial reporting is a key component of robust and accountable governance, especially in emerging markets where corruption scandals have harmed multinationals battling slowing economic growth.
US banks’ reserving practices will be affected by the US Financial Accounting Standards Board’s new standard on accounting for credit losses, but the effective date gives banks adequate time for a manageable implementation.
New high-profile accounting standards for revenue recognition, leases and expected credit losses have companies facing a heavy implementation burden. Here are tips that could ease the stress and make implementation smoother.
Gathering data to fill gaps and taking advantage of previous work will be two key actions as companies begin to implement the FASB’s new expected credit loss standard.
Financial statement preparers will be required to report credit losses on loans and other financial instruments in a more timely fashion under a new standard issued by the US Financial Accounting Standards Board.
