Tammy Whitehouse

New disclosures required by auditors don’t produce any direct new rules for the public firms they audit, but companies can expect at least 10 potentially serious consequences.

FASB plans to issue its final standard on hedge accounting in August, taking effect in 2018 among other major accounting changes over the next few years.

An analysis of Fortune 1000 disclosures provides more disturbing evidence that companies are making only sluggish progress in implementing new revenue recognition accounting.

It’s starting to get tense in the trenches where finance and technology staff are preparing to implement new revenue recognition standards in 2018.

Audit regulators have proposed two new standards to beef up requirements for auditors as they scrutinize accounting estimates and the work of specialists.

Auditors have just been handed extensive new disclosure requirements that are largely expected to make public company audits take more time and cost more money.

As companies prepare for new revenue recognition and lease accounting standards, a new rule on how to classify and measure financial instruments is finding itself on the back burner.

The FASB is advising accountants to sit tight through some reconstructive work in the coming months in the online Accounting Standards Codification.

Audit regulators are pondering how audit committees can be better leveraged to raise the bar on audit quality, including whether audit committees should have a more direct line of contact with audit regulators.