In an effort to improve guidance, the US Financial Accounting Standards Board (FASB) proposed an updated standard for the financial reporting of all insurance contracts, not just those written by insurance companies.
The American Institute of CPAs (AICPA) Financial Reporting Executive Committee (FinREC) expressed significant objections to the U.S. Financial Accounting Standards Board’s (FASB’s) financial instruments impairment proposal.
Finance executives in the United States expect modest difficulty implementing the sweeping, global changes in revenue recognition that are coming their way, according to a new survey.
Investors continue to rally for reduced information overload. Paul Druckman, CEO of the International Integrated Reporting Council, offers a call to action.
Accounting bodies and regulators across the globe are wrestling with the task of how to improve the usefulness and clarity of disclosures in financial statements.
International Accounting Standards Board (IASB) Chairman Hans Hoogervorst acknowledged the converged lease accounting proposal is bound to be unpopular with many companies.
One of the most challenging international convergence projects attempted by the US Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) cleared an important hurdle with the proposal of a revised financial reporting standard for leases.
Coming up with one financial reporting model for expensing the wide variety of leases that exist today was difficult. So standard setters came up with a dual-recognition approach that may disappoint users who prefer one expense approach.
The first questioner US Securities and Exchange Commission (SEC) Chief Accountant Paul Beswick faced said the Egyptians built the pyramids more quickly than the SEC has decided on IFRS.
Integrated corporate reporting took a significant step forward with the release of a consultation framework draft by the International Integrated Reporting Council.
The UK’s financial services industry could be subject to greater scrutiny over the performance of its products and complaints procedures under proposed new regulator rules.
US public companies can use social media to make company announcements as long as they inform investors of the channels they will use to distribute the information.
The US Financial Accounting Standards Board (FASB) on Thursday voted to extend to May 31st the deadline for comments on its Proposed Accounting Standards Update (ASU), Financial Instruments—Credit Losses (Subtopic 825-15). The comment period originally was scheduled to end April 30th.
An International Accounting Standards Board (IASB) proposal is designed to simplify certain aspects of accounting for contributions to defined benefit plans under IAS 19, Employee Benefits.
