The movement toward corporate sustainability reporting is approaching a big milestone as the Sustainability Accounting Standards Board prepares to codify its standards.
Tammy Whitehouse
Posted inAccounting & Auditing
FASB issues new guidance on share-based payments
FASB has given companies new accounting guidance to follow when accounting for share-based payments to non-employees.
Posted inAccounting & Auditing
Supreme Court rules states can collect tax from online sales
Tax departments could soon face a mountain of new activity to collect and remit state sales tax after the U.S. Supreme Court overruled longstanding case law.
Posted inAccounting & Auditing
U.K. audit regulator rips quality at major firms
Audit regulators in the United Kingdom have taken off the gloves in their assessment of audit quality among the major firms, especially the Big 4.
Posted inAccounting & Auditing
EITF recommends asset treatment for some cloud costs
FASB’s Emerging Issues Task Force has arrived at conclusions about how companies should account for certain cloud computing arrangement costs.
Posted inAccounting & Auditing
CAM discussions may drive new corporate disclosures
Audit committees may soon reconsider certain areas of corporate disclosure to get ahead of “critical audit matters” that will begin appearing in audit reports in 2019.
Posted inAccounting & Auditing
For early revenue adopters, SEC digs into year-end disclosure
SEC staff are showing an interest in some specific disclosures companies are providing under the new revenue standard, based on themes emerging in comment letters.
Posted inAccounting & Auditing
FASB issues guides on revenue, consolidations
FASB staff issued two new implementation guides to help companies navigate the GAAP taxonomy in the areas of revenue recognition and consolidations.
Posted inAccounting & Auditing
SAB 74 disclosures still lag, PwC analysis shows
Investors are not getting much warning about assets and liabilities soon to hit corporate balance sheets as companies prepare to adopt new lease accounting rules.
Posted inAccounting & Auditing
Tenure disclosure puts new pressure on audit committees
Now that audit reports are beginning to disclose auditor tenure, audit committees face new pressure to give it careful consideration in retention decisions.
