Companies must recognise higher gratuity and leave liabilities under new labour codes as expenses in interim financial ...

The FAQs clarify how the 50% wage rule increases gratuity and leave liabilities and why these changes must be treated as past service costs under accounting ...

The regulator has issued detailed directions standardising balance sheet formats, disclosures, and accounting treatment for rural co-operative banks. The key takeaway is stricter transparency and ...

Discover how AAOIFI sets global Shari’ah standards for Islamic finance, ensuring ethical practices in banking, investment, ...

When engineer William Painter invented the crown cork in 1892, the original design sported 24 ridges. The cap included a cork or paper lining to prevent the beverage from touching metal, and it sealed ...

Bernice Potgieter was before Parliament’s Standing Committee on Public Accounts (SCOPA) on Tuesday, which is probing financial mismanagement and corruption at the fund. Acting Chief Investment Officer ...

Humentum, a global nonprofit, and the Chartered Institute of Public Finance and Accountancy introduced the International Non-Profit Accounting Standard on Monday after working to develop it for six ...

Washington, D.C. – Today, the Office of Management and Budget’s Cost Accounting Standards (CAS) Board, chaired by the Office of Federal Procurement, published two proposed rules to eliminate more than ...

Michael Bromberg is a finance editor with a decade of experience. He is an expert at elucidating complex financial topics in clear, concise language. Michael received a Bachelor of Arts in literature ...

The plan appears to be part of a broader effort to shift the agency’s focus from tracking national security threats to fighting crime. Instead of spending about 18 weeks training at the academy in ...

In 2022, the Auditing Standards Board (ASB) issued new standards dealing with quality management (QM) that will become effective December 15, 2025. The ASB sets standards to be generally consistent ...