IASB and ISSB will work together to integrate the Integrated Reporting Framework into their standard-setting projects.
SEC’s new EPS Initiative has implications for finance and accounting professionals charged with governance and oversight.
Disclosing investments in intangibles ahead of regulatory requirements can enhance a company’s strategic valuation.
Often hiring candidates based on a recruiter’s or hiring manager’s gut feeling about cultural fit leads to a lack of diversity.
A recent report surveyed corporate treasury and finance departments about their practices, expectations, and outlooks.
The IFRS Foundation responds to the accelerating demand for climate risk and other sustainability disclosures.
Nasdaq’s new board diversity rule aims to promote inclusivity and advance diversity among board members.
IFAC unveiled a resource that offers direct access to IAASB, IPSASB, and IESBA standards and includes guidance materials.
The International Sustainability Standards Board may harmonize the current wide disparity in ESG reporting around the world.
Organizations can enhance their overall workplace DE&I efforts by implementing a voluntary self-identification program.
The IASB and the FASB seek feedback for insight on stakeholders’ concerns and expectations regarding financial reporting.
Amendments to Regulation S-K require new disclosures of companies’ human capital resources as a part of ESG reporting.
Small private companies will now have to report their “beneficial owners” to the U.S. Department of the Treasury’s FinCEN.
The IIRC revised its International Framework to simplify the required statement of responsibility and improve reporting.
Financial and sustainable business reporting are converging thanks to the European Commission and technological advancements.
The SEC’s proposed changes to human capital reporting have consequences for how companies measure their employees’ value.
The new leasing rules could impact companies’ key financial ratios and complicate benchmarking and performance measurement.
Accountants must understand the impact clawback provisions have on bonuses, company reporting, and earnings expectations.
Taxpayers who buy electric vehicles must meet several criteria to receive the full tax credit allowed by the IRC.
Finance professionals’ advanced preparations and clear communications are the keys to a smooth, efficient audit process.
There’s no statute of limitations to the penalties for helping taxpayers to understate their tax liability under IRC §6701.
The FASB has issued ASU 2019-05 for a 2016 standard to offer a new method for measuring current expected credit losses.
The SEC has proposed allowing more companies to engage in oral or written communications with potential investors.
A bill would help emerging growth companies increase the effectiveness of their internal controls for financial reporting.
The Tax Cuts and Jobs Act removed barriers for U.S. multinationals to repatriate earnings. Did it work?
The Sustainability Accounting Standards Board (SASB) named Madelyn Antoncic as its new CEO as of February 2019.
The SEC’s proposed changes to Rules 3-10 and 3-16 are receiving support from companies in a variety of industries.
Companies need to change the way they interact with the investing community and what information they report.
Mark Frigo talks with Baruch Lev about bringing the focus back to clearly communicating to investors how a company creates value.
The new rules require more estimates and greater judgment. Are you up to speed on the changes and their potential impact?
Effectively managing internal controls to support financial reporting is critical in today’s the complex regulatory landscape.
The Securities & Exchange Commission will look at the thresholds that trigger Section 404(b) of the Sarbanes-Oxley Act.
The SEC may change rules that relate to auditors who may have a lending relationship with shareholders of an audit client.
An Intelligize survey found that 87% of S&P 500 companies are choosing to use the modified retrospective transition method.
A study finds that managers consider public perceptions when deciding whether they should participate in earnings management.
The SEC issued a final rule on disclosure simplification that includes changes to Regulations S-X and S-K.
Turn operational and financial results into a descriptive narrative to enhance understanding of your company’s performance.
IMA’s Financial Reporting Committee met with the FASB’s Marsha Hunt to discuss new standards and regulatory changes.
With nonfinancial information growing in importance, ensuring its integrity is vital. Internal controls and technology can help.
The guidance published in February 2018 addressed 10-K and 10-Q disclosures about cybersecurity risks.
Management accountants need to leverage their unique understanding of cost modeling to guide organizational decision making.
Improve processes and overcome the inadequacies of standard budgeting through the use of an operational income statement.
Accuracy, consistency, appearance, efficiency, and usability are the five guiding principles to improve your financial reports.
Get more insights out of your budgeting process by including organic growth, inorganic growth, and capacity costs.
Japanese companies have long been at the forefront at showing how nonfinancial metrics and intangibles impact corporate value.
New technologies and the internet’s culture of openness are transforming business reporting and data analytics.
A look at company financial reports helps settle the debate on whether stock-based compensation has a real cost to companies.
Implementing XBRL with the right cloud-based solutions greatly improve financial and business reporting processes.
Brad Monterio and Anne Leslie-Bini discuss RegTech, a way to leverage technology to help companies remain compliant.
A Deloitte survey asks executives how prepared they were for compliance with the new leasing standards.
Current financial accounting and reporting need to expand to better capture intangible assets beyond the balance sheet.
A survey funded by the IMA Research Foundation explores how external auditors are influenced when internal auditors fail to detect a problem.
Acting SEC chairman Michael Piwowar directed staff to reconsider select disclosure rules in the Dodd-Frank Act.
The growing use of non-GAAP measures in corporate earnings releases could potentially mislead or confuse investors.
Baruch Lev and Feng Gu propose an approach to financial accounting that provides more relevant information to investors.
The operational income statement could be the model needed to seamlessly integrate financial information with operational data.
How companies complete Schedule UTP provides the IRS with greater insight into the various uncertain tax positions being reported.
The lack of a conceptual definition of other comprehensive income creates confusion for companies and users of financial statements.
A former Member of the European Parliament, Howitt has long been an advocate for integrated reporting.
The IAASB issues a discussion paper addressing emerging forms of external reporting.
With the new FASB standard, companies will no longer be able to hide lease liabilities off the balance sheet.
SASB is developing industry-specific standards to help businesses provide a more complete view of all the factors impacting their value.
Management accountants should have a deep understanding of and become more involved with the FASB.
The P/E ratio can vary widely. Make sure you’re using the values most appropriate for your needs.
Companies engaged in acquisitions need to be familiar with how to properly account for indefinite-lived intangible assets.
Get ready before implementation with a change management plan that includes an effective workforce strategy.
Former FASB Chairman Bob Herz is working with SASB to influence the next generation of corporate reporting.
Create business reports in XBRL GL format to enhance reporting and decision-making capabilities.
Industry-specific metrics help companies integrate sustainability efforts into performance management systems and strategy.
A Chief Counsel Advice memorandum describes specific situations where the understatement penalty for tax preparers may or may not apply.
The Court’s ruling against Maryland’s income tax scheme may impact other states with similar policies.
With regulators mandating that finance executives work more closely with auditors, here’s some advice to help management accountants.
A survey of finance executives examines the differences in companies’ asset capitalization thresholds.
Gifts or bequests from sources outside the U.S. should be reported to the IRS if they surpass certain thresholds.
With Republicans now holding the majority in the Senate, attention will turn to passing financial reporting and Dodd-Frank reform bills.
Tracking, settling, and reconciling intercompany transactions can be a burdensome process. Technology offers a solution.
DOL officials are waiting for the final report from the ERISA Advisory Committee.
House passes Promoting Job Creation and Reducing Small Business Burdens Act, but Obama threatens to veto.
FSCM has different meanings in different contexts, but they share the common theme of improving financial operating processes.
If worrying about identity theft isn’t bad enough, you also need to consider your tax situation.