Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...

GASB proposed changes Tuesday to its accounting and financial reporting guidance for accounting changes and error corrections that has been in effect for more than 40 ...

The Governmental Accounting Standards Board issued a proposal Tuesday to improve the accounting and financial reporting requirements for accounting changes and error ...

Statement 154 -- which supplants both APB Opinion No. 20 and FASB Statement No. 3, but contains elements of each -- requires that any change in method of depreciation, amortization or depletion for ...

As 2023 comes to a close and companies begin preparing their Form 10-K, one question keeps emerging: to check or not to check Form 10-K’s new restatement and compensation recovery (“clawback”) ...