Photograph of skyscrapers with glass windows from the ground facing up to a blue sky

Tag: accounting

Cryptocurrencies fair value accounting.

FASB (Finally) Backs Fair-Value Accounting for Cryptocurrency Assets

Cryptocurrencies fair value accounting.

Cryptocurrency enthusiasts don’t exactly seem like rule-following types. In fact, defying convention likely makes up much of crypto’s appeal for many digital-token owners. Pesky things like accounting standards probably don’t even show up o...

Read More
FINE Blocks logo with Deloitte partnership

Audit Failures Lead to SEC Action Against Deloitte-China

FINE Blocks logo with Deloitte partnership

Some auditors in the Chinese affiliate of Big Four accounting firm Deloitte have apparently been taking a unique approach to their work. Rather than evaluating their clients’ financial reporting, they let the clients audit themselves, accor...

Read More
FASB Members Shaking Hands

Financial Accounting Standards Board Nearing New Disclosure Rules for Joint Ventures

FASB Members Shaking Hands

In August, Honda and LG Energy Solution revealed that they would be investing $4.4 billion to  develop a U.S. electric-vehicle battery factory. The automaker and battery company are taking part in an increasingly popular U.S. corporate arra...

Read More
Traditional computing via abacus meets corporate accountability

U.S. and China Finally Have an Audit Agreement, or Do They?

Traditional computing via abacus meets corporate accountability

If you’re confused about where things stand in the squabble between U.S. regulators and Chinese authorities over auditing standards, you’re probably not alone. About a year ago, Securities and Exchange Commission Chair Gary Gensler sounded...

Read More
People celebrating with hands raised

Sarbanes-Oxley Turns 20

People celebrating with hands raised

Audiences were packing multiplexes across the country to see “Spider-Man” – the Tobey Maguire one, not Tom Holland’s subsequent version. Temperatures were rising outside and in the dance clubs, courtesy of rapper Nelly and his chart-topping...

Read More