Tammy Whitehouse

In the battle against fraud and restatements, a company’s best allies are strong accounting policies and well-documented internal controls, a new report says.

Slow progress in shifting financial statement data to the digital realm may be getting a boost, but the clock is ticking for proponents show the real benefits of XBRL.

The SEC has given its final approval to the 2017 GAAP Taxonomy that public companies will use to prepare their XBRL financial statement exhibits.

The FASB is making inroads on more accounting change around compensation with a new standard for retirement benefits and a new proposal around stock compensation.

Waiting in line behind revenue recognition, new requirements to bring leases on to corporate balance sheets are starting to win pockets of attention.

The accounting profession is putting the finishing touches on a new, voluntary audit to help companies better assess their cyber-security risk management.

The crackdown on non-GAAP financial reporting has led to little investor or analyst reaction and made the earnings release process long and complex, companies say.

Amid changing revenue recognition rules, banks face even bigger changes in recognizing expected credit losses, a rule everyone else needs to follow, as well.

A software company’s recent survey suggests two-thirds of companies are on schedule in adopting new lease accounting requirements, but even the firm’s CEO is wary.

The SEC has taken steps to advance the use and accuracy of digital financial statement data, proposing required use of inline XBRL and providing IFRS taxonomy.