Since 2007 more foreign private issuers have opted to use IFRS accounting standards when filing U.S. financial reports, a ...

FASB 117 Another accounting principle for 501 (c) (3) organizations, known as FASB 117, requires them to classify their assets, revenues, expenses, gains and losses.

Constellation Brands (NYSE: STZ) recorded a double miss with its latest earnings report, published after market close Tuesday ...

White & Case attorneys discuss the changing scope of the internal accounting controls provision under Section 13(b)(2)(B) of ...

Three FASB board members say the requirements don’t provide investors with adequate details on government assistance.

The Governmental Accounting Standards Board issued questions and answers to help explain certain pronouncements to stakeholders.

Generally Accepted Accounting Principles (GAAP) GAAP are the accounting principles that all regulated U.S. entities, including publicly traded companies, government agencies, and nonprofits, must ...

You may wonder how this can happen when the Fed’s balance sheet is audited by an independent accountant (currently KPMG). As the auditors make clear every year, they do not examine the Fed’s books ...

Centuries later, generally accepted accounting principles (GAAP) were born. Each country has slightly different principles and reporting requirements that encompass GAAP, but, for the most part, GAAP ...

Elon Musk’s DOGE Adventure Leads to Knotty Accounting Question for Tesla Disclosure rules mean Tesla could have to designate the U.S. government as a related party By Jonathan Weil Share ...