The Financial Accounting Standards Board posted a proposed accounting standards update to improve interest rate risk hedging ...

With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...

Current IASB chair Andreas Barckow's term ends on June 30, but his final successor isn't expected to be installed until Oct.

As a business owner, you understand that accounting has to be accurate, but you may not know why accounting standards – the rules with acronyms such as GAAP and IFRS – are such a big deal. If you were ...

AI is reshaping audit risk faster than standards can keep up. Learn how gaps in oversight, liability and ethics threaten ...

FASB published two Accounting Standards Updates recently. One is intended to improve accounting guidance for interest rate ...

Given new standards, changes in the economy, and corporate trends, accounting and financial reporting seem to grow more complex every year. The Financial Accounting Standards Board (FASB) has tried to ...

Financial statement preparers are busy implementing new accounting standards for revenue recognition, leases, and credit losses. Here are tips from experts on how to handle the transition without ...

Discover how the pooling of interests method combined company balance sheets in mergers, why it was phased out, and what ...

Discover what a capital lease entails, the criteria for classification, and its impact on financial statements, ...

The current leasing standard requires much more number-crunching for auditors than the previous version, and the ACAG says ...