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 ...

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.

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 ...

Learn the principles of financial accounting, its importance, and how it functions to provide a clear picture of a company's financial health and compliance.

The guidance is intended to improve and clarify current guidance as opposed to fundamentally changing the nature of guidance in FASB ASC Topic 270, Interim Reporting. FASB published an Accounting ...

Leaders with their finger on the pulse of sustainability reporting see an opportunity for accountants to create value. They also see that challenges such as interoperability and capacity building will ...

Carbon Measures, backed by BlackRock, ExxonMobil and Santander, proposes a new framework to stop the double-counting of ...

Forbes contributors publish independent expert analyses and insights. I write about innovation, finance, energy, climate and sustainability. A man places one of 10 000 solar flowers on February 15, ...

What Is Accounting Changes and Error Correction? Accounting changes and error correction refers to guidance on reflecting accounting changes and errors in financial ...

Ethics and standards in accounting exist to protect the public from unscrupulous corporations and the accountants who hide or misrepresent information. Certainly, not all accountants are unethical, ...

The EU’s DAC8 directive integrates CASPs into the tax reporting system by aligning with the OECD’s CARF framework. This ensures greater transparency in crypto transactions under the CRS. CASPs serving ...