The International Accounting Standards Board is looking for feedback on some targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on ...

Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

As part of our ongoing partnership agreement series, in this article, we discuss how accounting firms can address retirement in firm partnership agreements. Note: References to “partnership agreements ...

When it comes to accounting firm partnership agreements, governance is a key component. In this article, we discuss various governance provisions to consider when drafting an accounting firm ...

Section 13(b)(2)(B) of the Securities Exchange Act of 1934 (“Exchange Act”) (“IAC Provision”) requires public companies to have “internal accounting controls” that, broadly speaking, are sufficient to ...

ARLINGTON, Va., Feb. 24, 2022 /PRNewswire/ -- Bloomberg Tax announced today that its Bloomberg Tax Provision has been named to Accounting Today's 2022 Top New Products. The list recognizes the best ...

ARLINGTON, Va., Aug. 3, 2021 /PRNewswire/ -- Bloomberg Industry Group today announced that it has acquired Tax Prodigy's software, which enables companies to easily calculate the income tax-related ...

The Securities and Exchange Commission will meet today to consider easing the most contentious part of the Sarbanes-Oxley Act, which imposed new duties on corporate executives and accountants after a ...