Lawmakers and business leaders have seen a need to harmonize or integrate, the accounting standards of the United States, which operates under Generally Accepted Accounting Principles (GAAP), with ...

The International Federation of Accountants issued a report Monday indicating strong support for international accounting and auditing standards, particularly in areas where IFAC member organizations ...

The International Accounting Standards Board is finalizing a standard to give investors a clearer picture of utilities' ...

With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...

The often opaque world of Saudi business is about to open up a little more, with the country set to enforce international accounting rules for all listed companies from next year. At the moment, Saudi ...

The world of global accounting is girding up for a trans-Atlantic battle. Last month L'Oreal, Royal Dutch Shell, and Unilever, all gigantic companies, asked the U.S. Securities and Exchange Commission ...

Transitioning to Ind AS, including new standards for financial instruments and insurance contracts, would align Indian ...

Discover key differences between U.S. GAAP and IFRS standards, including inventory costing, asset revaluation, and financial reporting requirements.

State and local government pensions admit to being underfunded by over $1 trillion. But using the tougher accounting standards applied in other countries, state and local pension deficits would rise ...

The new head of the International Accounting Standards Board is setting his priorities for the rule maker, including potentially changing requirements around intangible assets and weighing in on ...