Accounting Today

JULY 9, 2025

Accountants who grasp these behavioral dynamics are better equipped to lead businesses through the emotional and operational challenges of building stronger defenses. The modern accountant must blend technical precision with behavioral insight. All rights reserved.

Technology

ThomsonReuters

OCTOBER 18, 2024

Statutory reporting is a critical process for multinational corporations, involving the preparation and submission of financial statements to comply with legal obligations across various jurisdictions. Key components of statutory reports include financial statements and ESG disclosures, enhancing stakeholder trust and governance.

Non-Profits

CPA Practice

OCTOBER 31, 2024

The Financial Accounting Standards Board (FASB) has published a proposed Accounting Standards Update (ASU) intended to improve the requirements for identifying the accounting acquirer in FASB Accounting Standards Codification Topic 805, Business Combinations.

accounting standards

Accounting Today

JUNE 16, 2025

And for evaluating audit results, firms did not sufficiently evaluate whether the broker-dealer financial statements were presented fairly in accordance with GAAP. All rights reserved. Paige Hagy Reporter twitter mailto linkedin For reprint and licensing requests for this article, click here.

audit

CPA Practice

NOVEMBER 19, 2024

A new proposal that would establish authoritative guidance on the accounting for government grants received by businesses was issued by the Financial Accounting Standards Board (FASB) on Nov.

Government

Shay CPA

MAY 21, 2025

Bookkeepers must carefully document and classify these costs to ensure compliance with accounting standards. Bookkeepers must account for stock options, restricted stock units (RSUs), and other forms of equity compensation. This data feeds into financial statements and cap table management.

bookkeeping

Accounting Today

AUGUST 13, 2025

All rights reserved. Firms often encounter challenges like delayed data entry, error-prone calculations, and misaligned team communications.

Technology

ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. Compliance with these GAAP requirements during financial audits is essential to maintaining the integrity of financial statements.

audit

CPA Practice

OCTOBER 29, 2024

GBQ Partners, a full-service accounting firm with over 300 professionals across multiple Ohio offices, has established itself as a trusted advisor to clients in construction and various other industries. In the past, leases were often an afterthought, especially operating leases, which were only a footnote in financial statements.

Construction

Shay CPA

FEBRUARY 19, 2025

Accrual accounting can be somewhat complicated, especially for software as a service (SaaS) companies, so we have a guide to help you better understand it. Theres another similar component of GAAP thats relatively new and applies to many startups: lease accounting. As of 2022, all U.S. And this isnt just an audit-specific to-do.

audit

Accounting Today

JULY 24, 2025

The examples show how companies can improve the reporting of uncertainties in their financial statements using climate-related examples as practical illustrations.

financial statements

Withum

DECEMBER 16, 2024

On November 27, 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting Improvements to Reportable Segment Disclosures. However, broker-dealers filing financials for only one period or year need only apply the standard to the presented periods.

accounting standards

Accounting Seed

JANUARY 7, 2025

What To Look for In Accounting Software To begin preparing to change accounting systems, clearly identify what you need from a new software tool. If youre fed up with its slowness, or how hard it is to create financial statements, ensure you understand how this is addressed in a new system.

accounting system

CPA Practice

NOVEMBER 4, 2024

A new standard requiring public companies to disclose, in interim and annual reporting periods, additional information about certain expenses in the notes to financial statements was finalized by the Financial Accounting Standards Board (FASB) on Nov.

financial statements

Analytix Finance & Accounting

JUNE 24, 2025

Accounting Services Beyond basic bookkeeping, monthly accounting services provide you with regular financial reports and analysis that help you understand your business performance. Either way, you’re only paying for what you actually use.

accountant

ThomsonReuters

NOVEMBER 25, 2024

Be sure to identify any areas where tax changes might significantly impact financial statements. New tax laws may also impose requirements or deadlines that clients aren’t fully prepared for, leading to potential penalties or liabilities that can affect their financial position. Risk of non-compliance. Future tax obligations.

auditor

Accounting Insight

NOVEMBER 5, 2024

IRIS Elements Enterprise IRIS Elements Enterprise is designed to support accountancy firms as they navigate complex client needs and stay ahead of regulatory changes, such as HMRC’s upcoming Making Tax Digital (MTD) requirements.

accounting firms

Accounting Today

JULY 24, 2025

Personality is a differentiator, not a liability Clients dont just hire CPA firms for tax prep or financial statements. They hire professionals they can trust with their confidential financial information — people they enjoy working with. All rights reserved.

cpas

CPA Practice

JUNE 25, 2025

OBannon Accounting Standards June 23, 2025  IASB Issues Revised Practice Statement on Management Commentary The revised Practice Statement supports improvements to and greater global alignment in management commentary and narrative reports accompanying the financial statements.

Technology

Accounting Today

JULY 24, 2025

By Paige Hagy 2h ago Accounting IFRS gives examples of reporting climate uncertainties The examples show how companies can improve the reporting of uncertainties in their financial statements using climate-related examples as practical illustrations. All rights reserved.

Tax

CPA Practice

NOVEMBER 25, 2024

The Governmental Accounting Standards Board (GASB) issued two exposure drafts on Monday: one on a proposed standard on subsequent events and the other a proposed update to an implementation guide in the form of questions and answers intended to clarify, explain, or elaborate on certain GASB pronouncements. 21, 2025.

financial statements

Withum

MARCH 4, 2025

The Governmental Accounting Standards Board (GASB) issued Statement No. 103: Financial Reporting Model Improvements to provide updated guidance on several areas of the financial reporting model. It is the most significant update to the financial reporting model since GASB Statement No.

financial statements

Accounting Today

JULY 24, 2025

The SEC sent a subpoena to CSX in October, asking the company to produce documents about accounting mistakes revealed in its prior quarterly financial statement. Those errors were tied to accounting for engineering scrap and engineering support labor. All rights reserved.

accountant

Accounting Today

JULY 7, 2025

Poorly built or inadequately supervised AI agents could cause severe disruption, from misclassifying transactions to fabricating data — not only wreaking havoc on financial statements but fundamentally destroying trust. All rights reserved.

Technology

CPA Practice

OCTOBER 11, 2024

Several Governmental Accounting Standards Board (GASB) proposals regarding the accounting and financial reporting for infrastructure assets are on the table for stakeholders to review and provide feedback. 10 on the infrastructure assets project, which the standard-setting board said is in its “relatively early stage.”

financial statements

Accounting Today

JUNE 9, 2025

There may be a lawsuit filed or theres a lawsuit going on and we dont know if were going to win, but if we dont win, we anticipate we might have to pay X amount of dollars, which will have an impact and on the financial statements, and it has to be reported in the financial statements if you know about it Dan Hood (23:10): Actually.

Washington

CPA Practice

AUGUST 7, 2025

AICPA Seeks Comment on Proposed Update to Auditors’ Responsibilities Related to Fraud The American Institute of CPAs’ Auditing Standards Board (ASB) is currently seeking public comment on a proposed standard updating auditors’ responsibilities related to fraud. If issued as final, the proposed SAS would supersede SAS No.

audit

Going Concern

OCTOBER 25, 2024

accounting standard setter’s meeting last week. accounting standard setter’s meeting last week. Investors had supported the International Accounting Standards Board’s March proposal, saying it would help them assess acquisitions. The board also set a 45-day comment period for the update.

accounting and finance

Accounting Today

AUGUST 4, 2025

Advisory opportunities: Compliance Preparing financial statements Succession planning cirquedesprit - stock.adobe.com Some 27% of small businesses are owned by a family or couple and one-third do not think succession planning is a priority. All rights reserved.

accountant

CPA Practice

NOVEMBER 25, 2024

The Board of Trustees of the Financial Accounting Foundation (FAF) has announced the appointment of Robert W. Scott to a five-year term on the Governmental Accounting Standards Board (GASB). Before entering the public sector, he was employed as an audit manager with the accounting firm of Deloitte & Touche.

Wisconsin

Menzies

JULY 3, 2025

Menzies LLP - A leading chartered accountancy firm. The Financial Reporting Council (FRC) has announced significant amendments to FRS 102, the UK’s principal accounting standard for small and medium-sized entities.

Hospitality

Accounting Seed

MAY 1, 2025

Ensuring Financial Stability and Growth When Peterson came on board over a year ago, she was tasked with ensuring secure finances and stable growth. Previously, their accounting systems were completely outsourced, taking 60 days (sometimes more) to see a financial statement.

bookkeeping software

CPA Practice

NOVEMBER 14, 2024

The Financial Accounting Standards Board (FASB) is calling on academics, accountants, auditors, lenders, financial statement preparers, and other stakeholders to provide their views on financial key performance indicators (KPIs). The FASB on Nov.

financial statements

Accounting Today

JULY 30, 2025

Accounting Payroll ADP Employment data MORE FROM ACCOUNTING TODAY Tax Corporate AMT proposed regs revised The IRSs Notice 2025-28 will affect applicable corporations with financial statement income attributable to investments in partnerships. All rights reserved.

Technology

Menzies

JULY 18, 2025

If the leaseback is a finance lease, then effectively, there is no sale from an accounting perspective. It’s often that management apply the incorrect judgment in the lease classification which can have a significant impact on the financial statements. Tax Advice Evaluate capital gains tax, VAT, and corporation tax implications.

Sales

Accounting Today

JULY 3, 2025

Users can parse, extract and classify data from diverse file types, including contracts, images, free text, invoices, financial statements, legal forms and more with accuracy, with the AI handling variations in layout, language and handwriting. All rights reserved.

Technology

Accounting Today

AUGUST 6, 2025

Under the law, stablecoin issuers would be required to establish and disclose stablecoin redemption procedures and to issue periodic reports of outstanding stablecoins and reserve composition, which would be certified by executives and "examined" by registered public accounting firms. All rights reserved.

Technology