Audit & Accounting

A Securities and Exchange Commission plan to let public companies cut quarterly disclosures to twice a year moved closer to reality after passing a White House review.

The Federal Accounting Standards Advisory Board exposure draft offers a practical expedient for reporting on embedded leases in federal government contracts.

The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.

The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor's degree, two years of experience and passing the CPA exam.

A lender that owns the auto parts supplier's debt sued BDO USA alleging it failed to detect problems before the company collapsed into bankruptcy.

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.

KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network's Global Tax Group.

The deal, expected to close later this year, will expand Grant Thornton's presence in the Asia Pacific region.

The International Public Sector Accounting Standards Board hopes to improve how financial information is presented in public sector financial statements.