The Financial Accounting Standards Board, which sets the rules for business accounting in the United States, says the objective of financial reporting is to provide current and potential investors and ...

A common reason small companies fail to reach their profit potential or eventually go out of business is poor financial reporting. It's not enough to know what your sales are, how much money you have ...

Tampa, Fla. (Feb. 6, 2004) -- A major benefit of Sarbanes-Oxley is that the act has elevated the national focus on sound financial reporting, the chairman of the Financial Accounting Standards Board ...

In May 2013, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released an updated version of its internal control framework (see my previous article “What CFOs Need To Know ...

The Financial Accounting Foundation (FAF) will conduct post-implementation reviews on standards regulating financial reporting for business combinations, operating segments and investment disclosures.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Suzanne is a content marketer, writer, and ...

Establishing both short-term and long-term financial objectives that align with your business and personal life is key. Creating a budget and consistently tracking income and expenses will allow you ...

On March 30, 2023, the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”), an organization comprising five private-sector organizations with the goal of helping companies ...

On Nov. 7, 2016, the SEC instituted and settled a cease-and-desist order against PowerSecure International Inc., alleging it failed to identify and report its segments as required by FASB Accounting ...

Forbes contributors publish independent expert analyses and insights. I write about CFO insights. Jeff Thomson: What is COSO’s role regarding the establishment of internal control frameworks? Sandra ...