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News
Too much red tape is being torn up by reform of corporate reporting
5+ day, 8+ hour 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…...
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, 5+ 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…...
Debt Modifications Accounting Comes Under US Board’s Microscope
2+ week, 3+ day ago (89+ words) Bloomberg Law News The US accounting board added a project Wednesday focused on simplifying thorny guidance for how companies should report debt modifications and exchanges. The Financial Accounting Standards Board tentatively voted to require what is known as “extinguishment accounting…...
Does regulatory reporting need a rethink?
2+ week, 4+ 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…...
State auditor raises alarm about ‘highly questionable billing’ in program for aged and disabled
2+ week, 4+ day ago (432+ words) Nebraska Auditor of Public Accounts Mike Foley testifies before the Legislature's Government, Military and Veterans Affairs Committee. Feb. 5, 2026. (Zach Wendling/Nebraska Examiner) A Nebraska auditor’s probe has discovered examples of “highly questionable billing” and alleged weak oversight in a Health…...
Asset owners slam proposed US diversity reporting rescission
2+ week, 4+ day ago (74+ words) Responsible Investor A verification email is on its way to you. Please check your spam or junk folder just in case. Need help signing in? Create an account to continue reading Gain instant access to our expert editorial analysis and…...
Neb. State Auditor Raises Alarm About ‘Highly Questionable Billing’ In Program For Aged, Disabled
2+ week, 5+ day ago (564+ words) Nebraska Auditor of Public Accounts Mike Foley speaks with reporters after a hearing before the Legislature's Government, Military and Veterans Affairs Committee on a bill brought at his request. Feb. 5, 2026. LINCOLN, Neb. — A Nebraska auditor’s probe has discovered examples of…...
ATO focus on related party transactions
2+ week, 6+ day ago (422+ words) Ellem said the ATO is continuing to highlight related party transactions as this is one of the most common areas in which SMSFs find themselves breaching compliance with reportable contraventions. “A lot of the contraventions are around related party transactions,…...
Why fund administrators can no longer treat CRS as annual
2+ week, 5+ day ago (337+ words) Fund administrators are facing a new form of scrutiny as CRS 2.0 raises the bar for tax reporting and compliance. Increasingly, the pressure is coming from clients as funds look more closely at whether their administrators can maintain compliance on an…...