All Accounting & Auditing articles – Page 54
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Blog
FASB takes red pen to rules on financial instruments
The Financial Accounting Standards Board is planning a number of updates to accounting standards around all three of its major new standards on financial instruments.
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Blog
Entities plead for tax guidance on depreciation, losses
Nearly 300 companies and associations signed a letter to the U.S. Treasury asking for guidance to edit what they call drafting errors in the Tax Cuts and Jobs Act.
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Blog
Big 4 get input on how to treat GILTI under tax law
Big 4 firms are meeting with FASB and SEC staff to sort out how to report certain effects of tax reform when clarity on provisions within the tax law is still elusive.
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ResourceThe benefits and challenges of blockchain
Despite the nearly constant buzzing about Bitcoin and other cryptocurrencies, their underlying technology framework, blockchain, is where the real excitement is, creating both risks and opportunities for companies.
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Article
Guidance equips companies to advance CECL adoption
Recent guidance and potentially more to come is aiding companies in their long journey to adopt the new CECL method for reflecting credit losses.
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Blog
AIG names chief accounting officer
Global insurance company American International Group has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer.
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Blog
FASB updates guidance on cloud computing costs
Companies now have new guidance on how to account for the costs of implementing certain cloud computing service arrangements.
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ArticleAs artificial intelligence rises, let’s not forget about human intelligence
Will technology eventually replace people in the compliance space? Not anytime soon, say experts, who believe human analysis—and accountability—will never go away.
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Blog
FASB reprises materiality language, edits disclosures
GAAP now contains a shorter list of disclosure requirements for fair-value measurements and defined benefit plans, along with a reprised definition of materiality.
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ArticleAccountants, auditors turn to technology to cope with change
Accountants and auditors coping with an onslaught of new requirements are beginning to regard technology as a critical means of achieving compliance.
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Blog
Quorum Health names chief accounting officer
Quorum Health has appointed Glenn Hargreaves as senior vice president and chief accounting officer, effective as of Aug. 27.
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Blog
PCAOB issues more guidance on new audit disclosures
The PCAOB has issued more guidance to auditors about how they should comply with requirements to add new information to audit reports.
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Blog
Aircastle Limited names chief accounting officer
Aircastle Limited has appointed Jim Connelly as chief accounting officer.
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Blog
SEC enforcements against accountants taper, report says
SEC enforcement actions against accountants have tapered off the past few years, according to a new analysis, while PCAOB actions jumped and remained high.
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Blog
IRS issues notice on compensation rules under tax reform
Companies are getting a little more clarity from the IRS on how to interpret provisions under tax reform affecting executive compensation.
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Blog
FASB proposes amendments to CECL standard
The Financial Accounting Standards Board is proposing some amendments to the pending new standard on credit losses.
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Article
Struggling with segment reporting? Relief may be coming
Long a thorn in the side of preparers and regulators alike, segment reporting rules may finally be getting a tune-up designed to make compliance more straightforward.
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Blog
PCAOB invites comment on slimmer strategic plan
Audit regulators are inviting feedback on a slimmed-down strategic plan, giving stakeholders a chance to influence how to regulate public company auditing.
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Blog
FASB finalizes new standard on insurance contracts
FASB has issued a new accounting standard that revises the reporting around long-duration contracts for insurance companies.
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Blog
FASB proposes lease rule simplification for lessors
FASB has taken another step to make the adoption of the huge new standard on lease accounting a little simpler—this time for lessors.