Nonprofit organizations are entities that perform charitable services by accepting funds from the general public. To help regulate activities and encourage the proper use of funds, accounting ...

Discover how black box accounting obscures financial reports. Learn about its methods, ethical concerns, and why it's a challenge for investors seeking transparency.

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 ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...

The Governmental Accounting Standards Board is getting ready to roll out new rules and proposals for state and local governments, including improvements to the financial reporting model, ...

The February A&A Focus webcast featured discussions on upcoming engagement quality reviews, special-purpose frameworks in practice, and highlights of the AICPA’s Profession Ready Initiative. Accuracy ...

The paper explores the use of accounting standards for insurer solvency assessment in the context of the implementation of IFRS 17. The paper is based on the results of a survey of 20 insurance ...

For nearly 40 years, the International Accounting Standards Board (IASB) and its predecessor, the International Accounting Standards Committee (IASC), have been working to develop a set of ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

Disputes between what accounting standards permit and what regulatory authorities in Kenya allow have become increasingly frequent over the years, particularly in relation to line items that directly ...