Worldwide: Accounting and Audit

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

Private credit valuation practices have evolved from informal processes into structured programs shaped by accounting standards and regulatory oversight. This article examines how U.S. and European approaches are increasingly aligned around governance and transparency, and why valuation readiness has become a core integration priority for firms acquiring UK/EU private credit platforms.

Life and health insurers in the U.S. should take note of a development from the National Association of Insurance Commissioners (NAIC) regarding their ability to reduce collateral requirements for ceded reinsurance under certain circumstances.

Viral success can transform a music career overnight, but without proper financial infrastructure, rapid growth often creates costly blind spots. Understanding how to manage complex income streams, plan for taxes, and evaluate opportunities becomes critical when momentum accelerates faster than systems can keep pace.

Strategic deal evaluation helps entertainers and creators assess opportunities beyond upfront compensation by analyzing long-term earnings potential, tax implications, opportunity costs, and portfolio alignment.

GASB’s proposed amendment to Statement No. 34 could significantly change how infrastructure assets in governmental financial statements are defined, depreciated, and disclosed.

Divorce proceedings involving significant or complex assets are rarely straightforward. Beyond the emotional and legal dimensions, these cases often hinge on a clear and defensible understanding of financial reality.

For years, revenue recognition was the primary issue cited in allegations of accounting fraud, whether in enforcement investigations or securities litigation.

Consider a court case in which one side presents a chart, report, or a video reconstruction that was created entirely by artificial intelligence (AI).

Organizations are embedding AI into internal audit workflows to improve consistency and shorten testing cycles, but success requires a structured approach that addresses evidence handling, testing methodology...

GASB’s proposed amendment to Statement No. 34 could significantly change how infrastructure assets in governmental financial statements are defined, depreciated, and disclosed.

Many companies across Texas are investing in technology, equipment, and facilities to support growth.