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

Ever since the Financial Accounting Standards Board's original Conceptual Framework was established in the early 1980s, we have embraced relevance as a major goal, if not the goal, in bringing ...

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

In recent years, the demands of international business have forced the accounting profession to examine how it records transactions and creates financial reports. With the growth in Internet commerce ...

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 ...

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 ...

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.

Most accountants spend their days ensuring that company financial records are up to standards. But for a handful of Brigham Young University Master of Accountancy graduates, going to work means ...

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 ...

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

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