Discover the key differences between IFRS and GAAP accounting standards, and learn how they impact financial reporting for ...

Countries and jurisdictions throughout the world mandate that entity financial statements be prepared using International Financial Reporting Standards, and that audits be conducted in accordance with ...

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

Financial statement preparers are busy implementing new accounting standards for revenue recognition, leases, and credit losses. Here are tips from experts on how to handle the transition without ...

Private and governmental entities use separate accounting standards to create their financial statements and manage their funds. Without knowing the differences between the standards, it is harder for ...

Audit standards for private companies are less stringent than those for publicly listed firms because they face fewer disclosure requirements. For example, small privately owned businesses don't fall ...

In early 2020, the COVID-19 pandemic added another element of business disruption for organizations to manage while the effective dates to comply for FASB’s new lease accounting standards were quickly ...

IASB has shared plans that could involve addressing crypto and digital assets as part of its broader efforts to update existing accounting frameworks in 2026.

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

The International Ethics Standards Board for Accountants outlined its views of eight fundamental elements of an ethical ...

Opinion: Companies and practitioners should expect 2026 to be less about crafting new regulations for crypto and more about ...