Like others, we've watched a slowly developing controversy over the question of whether accounting standards should be "principles-based" or "rules-based." When Sarbanes-Oxley was passed, it required ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Capitalization of project costs affects the balance sheet, while expensing the costs affects the income statement. The route you assign determines whether your asset base increases or your profits ...

Aug 20 (Reuters) - Wall Street's top regulator on Tuesday voted 3-2 to bless new rules making it easier for an audit watchdog to hold people responsible for audit firms' violations. Divided along ...

A big change in lease accounting due in January of 2019 will affect every public and private company in the U.S., just like the tax revamp and the new rules for recording revenue that took effect for ...

Investors rely on the accuracy and honesty of financial statements prepared by corporations to help them make investment choices. Unfortunately, company officials don't always play by the rules.

Accounting rule makers on Wednesday rejected a proposal by regional banks to soften the impact of a change that will force banks to book losses on soured loans much faster. The rejection means the ...

The Securities and Exchange Commission approved a number of rule changes from the Public Company Accounting Oversight Board, including one that would toughen the ethics rules around the liability of ...