Lawmakers and business leaders have seen a need to harmonize or integrate, the accounting standards of the United States, which operates under Generally Accepted Accounting Principles (GAAP), with ...

The International Federation of Accountants issued a report Monday indicating strong support for international accounting and auditing standards, particularly in areas where IFAC member organizations ...

With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...

On January 28, the Association of International Accountants (AIA) officially announced on its China office website that Academician Prof. Dr. Lingyun Xiang , a prominent U.S.-based economist and ...

The often opaque world of Saudi business is about to open up a little more, with the country set to enforce international accounting rules for all listed companies from next year. At the moment, Saudi ...

The International Public Sector Accounting Standards Board released a standard to help entities consistently report ...

Despite a very uncertain economic climate, investors can at least feel confident that audited financial reports are more ...

A newly released international auditing standard for auditing accounting estimates and related disclosures is designed to help auditors keep pace with changes in accounting standards for loan ...

The new head of the International Accounting Standards Board is setting his priorities for the rule maker, including potentially changing requirements around intangible assets and weighing in on ...

International convergence of the new revenue recognition standard may decrease as a result of clarifying revisions that will be proposed by the Financial Accounting Standards Board and the ...

International accounting rules require firms to disclose any “material” information, but they also factor in the idea that what counts as material varies from situation to situation and company to ...

“The new SASB standards allow us—for the first time—to identify and measure exposure to climate risk across companies and industries. Climate change affects all markets and presents risks that ...