The Public Company Accounting Oversight Board could be making more changes ahead as the audit firm regulator deals with a tumultuous series of transformations in the past two years. | PCAOB considering further overhaul | | By Michael Cohn 3 min read | | The Public Company Accounting Oversight Board could be making more changes ahead as the audit firm regulator deals with a tumultuous series of transformations in the past two years. | |
| PwC role in Mattel reporting under review by U.S. audit watchdog | | By Ben Bain and Matt Townsend 2 min read | | Accounting giant PwC’s work for Mattel Inc. is being reviewed by the top U.S. audit watchdog after the toymaker said it would restate some previous financial results because of a bookkeeping error, according to a person familiar with the matter. | |
| FASB approves guidance to help with LIBOR transition | | By Michael Cohn 4 min read | | The Financial Accounting Standards Board approved an accounting standards update to help companies make the transition from the London Interbank Offered Rate to newer reference rates. | |
| FASB issues accounting update for share-based payments | | By Michael Cohn 4 min read | | The Financial Accounting Standards Board issued an accounting standards update Monday to simplify and increase the comparability of accounting for nonemployee share-based payments, specifically those made to customers. | |
| CECL standard expected to make a major impact | | By Jennifer Press, John Schrader, Jonathan Jacobs 5 min read | | The accounting impact is estimated to affect more than 5,000 commercial banks and other financial entities that provide credit in the U.S., as well as non-financial institutions. | |
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