The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a ...

The International Accounting Standards Board is looking for feedback on some targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on ...

Section 13(b)(2)(B) of the Securities Exchange Act of 1934 (“Exchange Act”) (“IAC Provision”) requires public companies to have “internal accounting controls” that, broadly speaking, are sufficient to ...

Bloomberg Industry Group has acquired Tax Prodigy’s software, which calculates income tax related elements of financial statements. The product will be folded into Bloomberg Tax & Accounting’s ...

ARLINGTON, Va., Aug. 3, 2021 /PRNewswire/ -- Bloomberg Industry Group today announced that it has acquired Tax Prodigy's software, which enables companies to easily calculate the income tax-related ...

When it comes to accounting firm partnership agreements, governance is a key component. In this article, we discuss various governance provisions to consider when drafting an accounting firm ...

[Asia Economy Reporter Minwoo Lee] Recent measures by financial authorities instructing commercial banks to increase their loan loss reserves are analyzed to have little accounting impact. Unlike loan ...

The Securities and Exchange Commission will meet today to consider easing the most contentious part of the Sarbanes-Oxley Act, which imposed new duties on corporate executives and accountants after a ...

The rule in question requires companies to adjust their financial records to reflect the changes in purchasing power and profitability due to inflation.

WASHINGTON (AP) - American Indians who claim the government squandered billions in revenues from their land won a victory Wednesday when the House killed a provision that would have prevented a full ...