Audit & Accounting

The U.S. banned American accounting and consulting firms from working with Russia and imposed its first sanctions on Gazprombank as part of a package of new penalties targeted at Moscow.

The accounting profession is undergoing a reexamination of its efforts to address the lack of diversity, not only in the U.S. but in other parts of the world.

U.S. regulators expanded the list of businesses that face possible expulsion from American exchanges because of Beijing’s refusal to allow access to the businesses’ audits.

A great many organizations that received stimulus funding during the pandemic are now finding themselves facing unexpected audit requirements.

Accountants who guide business owners through the exit-planning process can not only deepen their relationships, but also create new revenue streams.

The National Association of Black Accountants is partnering with the Center for Audit Quality to help community-college students successfully make the transition to historically Black colleges and universities.

Organizations will need to test more frequently for an increasing number of risks to internal controls, according to a recent poll by Deloitte.

The revamped board updated its standard-setting and research agendas Wednesday as it takes on new projects.

Hourly earnings growth continued for the 11th month in a row at small businesses, payroll giant Paychex reported Tuesday, while small business job growth job growth also stayed strong, but moderated slightly.

Governmental Accounting Standards Board chair Joel Black has plans as GASB prepares to issue new standards on compensated absences, accounting changes and error corrections, while also weighing issues like digital assets, electronic financial reporting and subsequent events.