The Financial Accounting Standards Board released a new chapter Thursday of its Conceptual Framework describing a reporting entity. The new chapter will become Chapter 2 of FASB Concepts Statement No.

The Integrated Reporting Framework, which is used to accelerate the adoption of integrated reporting across the world, was a topic of major importance during the International Sustainability Standards ...

Discover how Statements of Financial Accounting Standards (SFAS) guide U.S. accounting principles. Learn about their impact and why they've been replaced.

In a milestone moment for the creation of a global common language for sustainability reporting, the International Sustainability Standards Board (ISSB) on Monday issued its first two standards. IFRS ...

Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

A new conceptual framework for IFRS issued Thursday includes revisions to concepts for reporting assets, liabilities, income, and expenses. In completing the comprehensive project to change the ...

As the business world becomes closer in its financial and trade ties, many countries are moving towards International Financial Reporting Standards (IFRS), common accounting rules that define how ...

Forbes contributors publish independent expert analyses and insights. Mary Foley covers ESG & sustainability regulation. Meanwhile, as these naysayers were bickering about the details of each ...

The new standard marks the 11th accounting standards update issued by the FASB this year, up from four for the full 2024 and the highest annual output since 2020.

GITPAC Consultancy has expanded its financial management framework in Dubai by introducing a live accounting system, designed ...

NEW YORK (April 26, 2017) – At a time when organizations around the world are facing cybersecurity attacks, it is more important than ever for them to demonstrate to key stakeholders the extent and ...