Financial Reporting

The report analyzes data integration challenges, the rise of artificial intelligence (AI), essential shifts in cloud computing, and the ongoing impact of staffing and skills challenges across the finance and accounting sectors.

Among heads of operations within the U.S. financial services sector, roughly 50% are unable to access real-time data, and two-thirds have legacy data environments that aren’t suited to AI.

The webinar is being offered on August 28 at 1:00 p.m. CDT and will equip accounting professionals with the knowledge needed to identify reassessment triggers, execute remeasurements and manage lease portfolios effectively.

The PCAOB has already brought more actions in the first six months of the year than it did in each full year under its prior administration (2018–2021).

Only a third (37%) say their organizations have complete enterprise risk management (ERM) processes in place, and just over a quarter (30%) rate their organizations overall risk management oversight as “mature” or “robust.”

Investors, accounting firms, and other stakeholders have until Oct. 21 to provide comments to the FASB on the proposed ASU.

Chapter 6 of the framework, issued by the FASB on July 12, pertains to the measurement of items recognized in financial statements.

A post-implementation review of GASB 67 and GASB 68 found that the two standards, approved in 2012, met their goals.