The International Ethics Standards Board for Accountants released a publication giving an overview of the sustainability-related decisions made by the board at its recent meeting and how those decisions will shape IESBA’s work in 2023 and beyond. The release Monday of the document came after IESBA unanimously approved two new
Opinions expressed by Entrepreneur contributors are their own. While there are other benefits, one of the most important reasons you’re in business is to make money. And it stands to reason that if you’re in business, you’d like to keep as much of what you generate as possible. That could
The Financial Accounting Standards Board issued an accounting standards update that aims to improve the transition requirements in its guidance around long-duration insurance. ASU 2022-5, “Financial Services — Insurance (Topic 944): Transition for Sold Contracts” amends ASU 2018-12, “Targeted Improvements to Long Duration Contracts” — known as LDTI — for
Opinions expressed by Entrepreneur contributors are their own. The road to business failure is paved with unrecorded business transactions and poorly organized books. Well-kept financial records will put you on the path to success and provide the foundation for business growth. Bookkeeping shouldn’t be a distraction that keeps you from
Markus Braun, the founder of the financial technology firm that lost billions, is facing fraud charges with two others.
Nonprofit organizations are being buffeted by inflation this year as they try to raise funds from hard-pressed donors and are turning to their accountants for advice. A recent survey from BDO’s nonprofit and education practice found that some funders now want more reassurance from organizations that their dollars are going
In a sign of confidence, Manhattan prosecutors skipped a witness they had said they would call. The case could end as soon as next week.
The International Federation of Accountants named Asmâa Resmouki of Morocco as its first president from the Middle East and Africa and its third female president, to serve a two-year term. Resmouki joined the IFAC board in November 2017, originally nominated by the Ordre Des Experts Comptables of Morocco. She served
Edward Bernard, a director at LPL Financial Holdings, was elected Tuesday as the next chair of the Financial Accounting Foundation board of trustees, the group that oversees the Financial Accounting Standards Board and the Governmental Accounting Standards Board. His three-year term will begin Jan. 1, 2023, when he will succeed
Libero Milone is suing the Vatican for wrongful dismissal after he said he found cardinals siphoning off funds. The Vatican has hit him with a criminal investigation of its own.