Audit & Accounting

For years, company leadership allegedly misrepresented and concealed key details about FTX's operations from investors, other employees and the customers who prosecutors claim had billions of dollars of their money stolen.

Jeffrey McConney testified that he added tens of millions of dollars a year to the former president's annual financial statements for the value of mansions that did not exist.

As business evolves, the importance of collaboration with clients, tech and regulators for accountants will only increase.

The international public-sector accounting board released its proposed consultation paper for its strategy and work program over the next five years.

With a vast array of options available, selecting the right software can be overwhelming.

The move comes as firms try to widen the pipeline of young people entering the accounting profession, especially from diverse backgrounds.

Learning to use the Federal Reserve's new payment system can be a competitive advantage for firms.

Trump spoke out in apparent irritation after his lawyer complained he couldn't hear the testimony of the state's first witness, former Mazars USA LLP accountant Donald Bender, who often lowered his voice and mumbled answers.

Neither the IRS nor Congress has specifically addressed the tax deductibility of ransomware payments made to hackers, nor has FASB.

The worst five states for tax preparer scams averaged more than 32 million reported scams in 2023.