Worldwide: Accounting Standards

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Accounting law and audit law thought leadership, articles, podcasts, videos and webinars from expert sources across the legal world. Explore insights covering topics that involve accounting and audit law from specialists working in this area every day.
Article
CAS Board Publishes Final Rule Rescinding CAS 404, 408, 409, And 4117
The CAS Board has published a final rule rescinding several Cost Accounting Standards while retaining specific requirements to protect government interests, marking a significant step in aligning CAS with generally accepted accounting principles. The changes will impact how contractors account for compensated personal absence, material acquisition costs, and tangible asset capitalization and depreciation. Contractors directly affected by the rescission of CAS 408 will benefit from an express exemption from
United States Accounting
CM
Crowell & Moring LLP
Article
Q2 2026 Accounting Advisory Guide: Anchoring Financial Reporting As Standards Shift And AI Accelerates
This comprehensive mid-year update examines critical accounting standards, regulatory changes, and emerging trends that finance leaders must navigate in 2026. From new FASB guidance on PIK dividends and environmental credits to SEC proposals reshaping reporting requirements and filer classifications, the landscape is evolving rapidly. The analysis also explores the surge in mega-IPO activity, AI integration in finance functions, and strategic priorities for building resilient accounting operations.
United States Accounting
R
Riveron
Article
You’ve Found Your Property — Now What? 8 Steps To Structure Your Real Estate Acquisition For Long-Term Success
Successful real estate acquisitions require more than finding the right property. Strategic decisions made during the acquisition phase—from entity structure and purchase price allocation to compliance planning and operational integration—can significantly impact reporting accuracy, audit readiness, tax efficiency, and long-term investment performance.
United States Real Estate
MG
MGO CPA LLP
Article
Proposed FASB Clarification Affecting Market-Return Cash Balance Plans
The Financial Accounting Standards Board has proposed changes to how market-return cash balance pension plans are measured on corporate balance sheets. Currently, these plans can show liability measurements that significantly deviate from actual participant account balances, potentially misrepresenting a plan sponsor's true financial obligations. The proposed update aims to align accounting treatment with economic reality by allowing these plans to use their assumed interest crediting rate as the discount r
United States Employment
GL
Groom Law Group
Article
Year-End Reporting Strategy For Private Equity
Year-end reporting in private equity directly affects valuation integrity, investor confidence, and transaction readiness. This comprehensive guide examines how sponsors, fund CFOs, and portfolio company leaders can strengthen financial controls, address technical accounting complexities, and build scalable reporting infrastructure. Early focus on these critical areas reduces reporting friction and positions organizations for smoother audits and enhanced limited partner communications.
United States Finance
MG
MGO CPA LLP
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