Over the last month, many companies have filed their year-end audited financial statements with the Securities and Exchange Commission. A study recently published in The Accounting Review finds that ...

"We had research that showed an omission rate of about 30% of things when we look at subsequent time periods and things we know happened," said GASB Chairman Joel in an interview with Accounting Today ...

GASB issued an exposure draft aimed at improving the consistency of reporting related to subsequent events and an exposure draft of proposed changes to its implementation guide. GASB has observed a ...

The Governmental Accounting Standards Board added a project to its technical agenda to deal with issues related to subsequent events for state and local governments. The project will take a closer ...

Accountants (or auditors in particular) are the benefactors of hindsight and get to put it to use every time they are engaged to opine on a company’s financial statements. Namely, that period from the ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Planning in-person events is a fast-paced, detail-oriented and high-stakes process. However, ...