Financial Reporting July 31, 2025
In Absence of Certainty, CFOs Turn to Technology
Finance leaders can make progress toward maximizing visibility and minimizing spend by quickly adopting emerging technologies, including AI and automation.
Auditing January 21, 2025
PCAOB Puts Spotlight on Journal Entries in Latest ‘Audit Focus’
PCAOB staff continues to identify a large number of deficiencies related to the auditor’s examination of journal entries, the audit regulator said.
Accounting January 21, 2025
AICPA News – January 2025
AICPA News is a round-up of recent announcements and alerts from the American Institute of CPAs and the Chartered Institute of Management Accountants.
Financial Reporting January 16, 2025
SEC Sues Elon Musk Over Stock Ownership Disclosures
The regulator has been probing Musk’s investment in Twitter since 2022, pressing him to him to explain why he hadn’t disclosed his stake in Twitter within the correct timeline.
Financial Reporting January 13, 2025
China Considers Sale of TikTok to Elon Musk to Avoid U.S. Ban
Chinese officials are evaluating a potential option that involves Elon Musk acquiring the U.S. operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to people familiar with the matter.
Accounting January 9, 2025
FAF Looks to Fill Key Leadership, Advisory Roles
The open positions include chair and members of the Financial Accounting Foundation board of trustees, FAF executive director, a Financial Accounting Standards Board member, and chair of the Financial Accounting Standards Advisory Council.
Financial Reporting January 7, 2025
Two Wipfli Reports Show Growth and Confidence for Banks and Credit Unions in 2025
Based on the extensive data, the surveyed financial leaders describe challenges such as cybersecurity, talent shortages and digital transformation maturity as continuing to shape strategies and priorities in 2025.
Accounting Standards January 6, 2025
FASB Clarifies Interim Effective Date of New Disaggregation Standard for Some Companies
The Accounting Standards Update clears up confusion on the interim effective date of FASB's new disaggregation of income statement expenses standard for public business entities that don't have an annual reporting period ending on Dec. 31.
Accounting Standards January 3, 2025
FASB Seeks Input on Future Standard-Setting Agenda Priorities
The Financial Accounting Standards Board published an invitation to comment on Jan. 3 that gives stakeholders the opportunity to provide feedback on the board's future standard-setting agenda.
Accounting Standards December 23, 2024
FASB Invites Comments on Intangibles
The invitation to comment is intended to explore ways the FASB can improve this area of financial reporting, which includes the accounting for acquired and internally developed intangibles.
Financial Reporting December 19, 2024
AICPA Releases Statement Expressing Optimism of Possible Delay for BOI Reporting
Following the release of language in the proposed continuing resolution relating to the beneficial ownership information reporting requirement, the American Institute of CPAs (AICPA) released the following statement.
Accounting Standards December 17, 2024
FASB Looks to Make Improvements to the Accounting for Environmental Credits and Environmental Credit Obligations
The proposed ASU provides recognition, measurement, presentation, and disclosure requirements for all entities that purchase or hold environmental credits or have a regulatory compliance obligation that may be settled with environmental credits.
Accounting December 12, 2024
Survey Emphasizes the Importance of AI in the Future of the Controllership Function
The report concluded that Generative AI has the potential to reduce the burden of human interaction for many types of tasks, freeing up a workforce for higher productivity and space for more ambitious strategies.