Historical cost accounting and mark-to-market, or fair value, accounting are two methods used to record the price or value of ...

As one of the two SARs of China, Hong Kong enjoys the right to develop its own accounting standards rather than applying the relative standards of mainland China. The Hong Kong Institute of Certified ...

Over the past five years, accounting firms have faced penalties exceeding $100 million globally for lapses tied to ethical breaches, according to a report by the International Ethics Standards Board ...

GAAP is considered to be rules-based, where rules are made for specific cases and do not exactly represent a larger principle. IFRS is principles-based.

The Financial Accounting Standards Board (FASB) has adopted Fair Value Accounting for Bitcoin. Companies holding Bitcoin will now report its value based on current market prices. The new rule may ...

The Insurance and Pensions Commission (IPEC) is reviewing how pension funds report their finances due to concerns about their ...

Corporate reporting is rapidly evolving, with numerous new standards and requirements being established to guide companies ...

The Financial Accounting Foundation is looking for candidates for several leadership roles, including FAF executive director.

SaaS solution enables automation of complex lease accounting calculations, ensuring precision and simplification David ...

PricewaterhouseCoopers (PwC), one of the globally renowned Big Four accounting firms, has announced its exit from Zimbabwe, ...

The UK’s accounting watchdog has published its final recommendations to the UK Government, urging the adoption of the International Sustainability Standards Board (ISSB) reporting standards for ...