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News
FASB OKs New Standard That Tightens Investment Company Fair Value Reporting
4+ day, 2+ hour ago (307+ words) Home > Accounting Standards The Financial Accounting Standards Board issued an Accounting Standards Update on Wednesday that the board says improves how investment companies, such as mutual funds, measure the fair value of an equity security that’s subject to a contractual…...
UK Floats Corporate Reporting Cuts After Binning Audit Revamp
4+ day, 20+ hour ago (117+ words) news.bloombergtax.com The UK government proposed simplifying corporate reporting for mid-sized companies, including exempting more of them from required financial statement audits. The suggestion was part of a Department for Business, Innovation, Science and Trade consultation launched Monday to…...
Investors warn UK reporting reforms could weaken shareholder rights
5+ day, 13+ hour ago (402+ words) Railpen and ShareAction have called on the UK government to ensure its proposed corporate-reporting reforms do not weaken shareholder rights. Railpen, the UK’s rail workers’ pension fund with £34bn (€40.5bn) in total assets, said it supported making reporting more useful and efficient,…...
Too much red tape is being torn up by reform of corporate reporting
6+ day, 32+ min ago (65+ words) The Times Too much red tape is being torn up by reform of corporate reporting Stripping shareholders of their ability to hold company bosses to account is an odd way to encourage investment in UK businesses £1 for 3 months Enjoy unlimited…...
‘Once in a generation’ corporate reporting overhaul planned
6+ day, 9+ hour ago (157+ words) In a 70-page consultation titled ‘Modernising Corporate Reporting to support long-term economic growth’, the government argued the current system has become ‘messy and piecemeal’, creating ‘needless compliance costs’. The consultation runs for 12 weeks, between 7 September and 30 November 2026. The government said…...
SEC mandates annual board training, tighter audits
1+ week, 1+ day ago (50+ words) Manila Bulletin Press Escape to quit searching SEC mandates annual board training, tighter audits Upgrading tertiary education to enhance PH competitiveness Faith anchored in service, progress rooted in values His hand was restored A greatness measured in lives transformed The…...
FASB Proposes Codification Improvements
1+ week, 3+ day ago (280+ words) Home > Accounting Standards The proposed ASU is part of the board’s technical agenda project to make incremental improvements to U.S. GAAP. “This evergreen project facilitates Codification updates for a broad range of Topics arising from technical corrections, unintended application of…...
Accounting Board Newcomer Prioritizes Streamlining US Guidance
1+ week, 6+ day ago (712+ words) The US accounting board’s newest member says she will prioritize corporate and investor feedback as the rulewriter takes up some of the most pressing topics in financial reporting, from crytocurrency to private credit. Nearly two months into her tenure on…...
Rethinking Reporting: Why Standard Reports Fall Short
2+ week, 1+ day ago (67+ words) GovTech Rethinking Reporting: Why Standard Reports Fall Short What if your reports could answer, “What’s next?” Crowe Data Concierge can help your organization inform business decisions and move from insight to action. The real cost of nonanswers What good reporting…...
Does regulatory reporting need a rethink?
2+ week, 5+ day ago (850+ words) Regulatory reporting is a core pillar of compliance within financial institutions, but costs and complexity continue to rise, creating a host of challenges. Despite all the advances and investment in bolstering reporting efforts with new technology, it is a process…...