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The FASB recently issued an Accounting Standards Update that should reduce reporting of discontinued operations (disc ops) in some circumstances.

The Financial Accounting Standards Board proposed "technical and other conforming improvements" for the 2021 SEC Reporting Taxonomy.

In January 2014, two new accounting standards were issued providing accounting alternatives specifically for private companies.

Three former audit partners settled separate SEC charges (see here, here and here) for improperly sharing the answers to examinations on training courses internally administered by their firm.

GAO identified certain deficiencies in FDIC policies addressing the risks of "regulatory capture," and recommended enhancements to the FDIC's supervision regarding such risks.

Two private sector organizations recently announced cooperative efforts that will likely influence the nature of disclosures by public companies that are regarded as best practices.

The Illinois Office of the Attorney General has provided additional information on recent amendments to the Solicitation for Charity Act that will be effective January 1, 2024.

The FASB has recently issued ASU 2018-08, Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made, which is an amendment of FASB ASC 958-602...

IOSCO emphasized the importance of going concern financial disclosure for public companies during the COVID-19 pandemic.

When a publisher sends an audit notice, many companies wonder why they have to cooperate with the audit.

In a typical Microsoft audit of software licensed under perpetual licenses, the auditors usually will compare installations of Microsoft products against licenses owned.

While there are prescribed standards for conducting several types of audits, external software license audits remain unregulated and ripe for legislative intervention.

The VIX, or Chicago Board Options Exchange (CBOE) Volatility Index, is a representation of the stock market's near-term volatility.

The guidance in ASU 2016-01 is effective for "public business entities," as defined, for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years.

The U.S. Department of Health and Human Services ("HHS") Office for Civil Rights ("OCR") issued an alert on November 28, 2016, regarding an email purporting to be from OCR.

The Board has issued a proposal to indefinitely defer the effective date for disclosing unobservable inputs in Level 3 fair value measurements of investments held by a nonpublic employee benefit plan in its private company plan sponsor.