For years, there have been grumblings from small- and mid-sized businesses about the added complexity that changes and proposed changes to U.S. GAAP (generally accepted accounting principles) have ...

The American Institute of CPAs (AICPA) has introduced the Financial Reporting Framework for Small-and Medium-Sized (FRF for SMEsTM) as a new accounting option for preparing streamlined, relevant ...

The International Accounting Standards Board has published for public comment a discussion paper exploring possible changes to the IASB’s Conceptual Framework for Financial Reporting. The discussion ...

In recent years, British and American public opinion has increasingly shifted in favor of climate action. As a result, political will has followed suit. President Elect Joe Biden made a clean energy ...

The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities. The framework establishes the ...

As a banking professional, you’ve undoubtedly noticed that accounting principles generally accepted in the United States of America (US GAAP) has become increasingly complex in recent years, ...

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During the international financial crises of the late 1990s, deficiencies were uncovered in the publicly available information on countries' international reserves. A new template and operational ...

The AICPA on Monday launched the Financial Reporting Framework for Small- and Medium-Sized Entities (FRF for SMEs), a new option for small business financial reporting. Designed to help smaller, ...

New ICT incident reporting requirements under Circular 24/847 (Circular) of the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg’s financial regulator, will come into effect on April ...

In June, the American Institute of Certified Public Accountants issued a new non-authoritative option for small business reporting. Called the “Financial Reporting Framework for Small and Medium-Sized ...