Accounting Today

JUNE 23, 2025

"The due process document will be a broader call for external input into our process, but this is another way that were going to be getting external input from some preparers of financial reports, some auditors, different users and technologists," said Black. The board has also formed a GAAP Structure Consultative Group.

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Accounting Insight

JANUARY 7, 2025

These standards were published by the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), and Governmental Accounting Standards Board (GASB) respectively.

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Going Concern

OCTOBER 25, 2024

“We received news that our external auditor that is assigned to our annual audit is resigning and the firm does not have sufficient staffing to take over our 2022-2023 audit,” Gates-Shult said. Investors had supported the International Accounting Standards Board’s March proposal, saying it would help them assess acquisitions.

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Accounting Insight

SEPTEMBER 2, 2024

Myth 1: Offshore Audits Compromise Quality Fact: Offshore audits maintain the same high standards as onshore audits. Offshore audit firms typically employ highly qualified professionals who are well-versed in both international accounting standards and local regulations.

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Going Concern

JULY 29, 2024

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. This news came out on the 17th but we missed it because we aren’t on their PR list.

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inDinero Accounting

JUNE 29, 2023

Along this journey, influential organizations such as FASB and International Accounting Standards Board have played a major role in establishing and maintaining GAAP standards across different jurisdictions and industries worldwide. You’re considering an IPO.

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PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

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