Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

THERE IS A CLEAR TREND toward adopting IFRS as the single body of internationally accepted financial reporting standards. In the next few years, thousands of companies will move to IFRS as a primary ...

During November 2008, the Securities and Exchange Commission (SEC) announced a road map for implementing International Financial Reporting Standards (IFRS) for public companies in the U.S. The SEC has ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

The American Institute of CPAs' Accounting and Review Services Committee clarified a standard on financial statement preparation as part of a client advisory services engagement. Processing Content ...