Organizations differ by many factors, including legal and operating structure, size, industry, and geographic markets. In any ...

In 2026, many investors may find themselves looking for solutions to address their capital gains. This could be the result of ...

What is audit quality? This is not meant as a philosophical question, but rather as one that can be answered through ...

IN BRIEF FASB's recent guidance on accounting joint ventures, ASU 2023-5, is intended to resolve diversity in practice and ...

Accounting Standards Update 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,modifies the accounting and reporting of foreign currency forward ...

A number of communication responsibilities and reporting considerations necessarily arise whenever a successor auditor concludes that a client’s prior year’s financial statements require restatement, ...

On June 26, 2023, the International Sustainability Standards Board (ISSB), an International Financial Reporting Standards (IFRS) Foundation initiative, released IFRS S1, General Requirements for ...

Over the years, there has been much confusion about whether to treat certain types of transactions as contributions or as exchanges, especially when they involve government grants. There has been ...

ASU 2023-05 addresses the accounting by a joint venture for the initial contribution of nonmonetary and monetary assets to the undertaking. This article discusses the underlying principle that JVs ...

The field of state and local taxation is a constantly evolving area. Not only are rules becoming more complex, but the state’s ability also to detect irregularities through automation is on the rise.

The Financial Accounting Foundation has recently launched the updated online Governmental Accounting Research System (GARS), and its new features and resources make it a must-see—as well as a good ...