The Financial Accounting Standards Board issued a proposed accounting standards update Tuesday to update the guidance on accounting for software, specifically when it comes to developing software for ...

The Financial Accounting Standards Board agreed to release a draft proposal to simplify accounting for internal use software costs by, among other things, no longer considering the development stage ...

Royal Bank of Canada paid $2-million to settle Ontario Securities Commission allegations that the bank did not properly record costs related to internal development of software, part of a crackdown on ...

PwC is primarily an accounting firm with little history in developing software. When asked by CityNews why the contract was not put to tender so software development specific companies could bid on it ...

For example, the accounting treatment for R&D does not apply to costs associated with market research and testing, software development, or R&D activities undertaken by extractive industries (like ...