Audit & Accounting

CliftonLarsonAllen, a Top 10 Firm, is forming CLA Global Limited in collaboration with Evelyn Partners, a U.K.-based wealth management group.

The ASU aims to increase the comparability of financial information across reporting entities that have investments in certain equity securities.

There’s a simple technical fix for the exam cheating that landed Ernst & Young with a $100 million fine from the SEC, but the problems go deeper.

The Financial Accounting Standards Board issued a report summarizing the feedback it received last year on the projects it should pursue in the future.

EY’s potential IPO of its consulting activities could trigger stock windfalls of as much as $8 million each for the consulting partners, compared to $2 million on average for audit partners.

CliftonLarsonAllen’s CLA Foundation has committed $1 million in grants to the National Association of Black Accountants to seed NABA’s new Pathway to College program, support human capital needs, and create scholarships.

Ernst & Young takes the top spot in the league tables of auditing public companies in 2021.

The penalty for cheating on CPA ethics exams and misleading investigators was the largest ever levied by the commission against an accounting firm.

The Big Four firm admitted that dozens of its audit personnel cheated on the ethics portion of the exam, and that it misled regulators probing the misconduct.

The group is urging CFOs and other finance leaders to improve the quality of sustainability information and processes by championing an “integrated mindset.”