Private companies in the U.S. are still adjusting to the lease accounting standard that took effect last year, even as international standard-setters are proposing new rules for the public sector.

SEC chairman Paul Atkins at AICPA Conference on Current SEC and PCAOB Developments The Securities and Exchange Commission is planning to encourage greater cooperation between U.S. and international ...

THE International Accounting Standards Board (IASB) recently released the third edition of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The ...

FASB is seeking feedback on a proposed Accounting Standards Update (ASU) that addresses 34 issues in its codification. The “targeted improvements” to the FASB Accounting Standards Codification are a ...

Discover how creative accounting exploits loopholes in standards to artificially enhance a company's financial image, and learn about its implications for companies and investors.

Discover how modified accrual accounting merges accrual and cash basis methods, its key principles, and why it's preferred by government agencies for accurate financial reporting.

FASB on Tuesday published an Accounting Standards Update (ASU) aimed at clarifying and improving its guidance on hedge accounting. “The new standard clarifies the application of previous guidance and ...