Audit & Accounting

The Securities and Exchange Commission adopted rules this week requiring public companies to claw back erroneously awarded incentive-based compensation received by their current or former executives only months after issuing a set of rules on pay versus performance.

A recent study says that when auditors are given tools that they believe are more sophisticated, they are more likely to bias their evaluations towards what their supervisor wants.

The National Conference of CPA Practitioners announced its 2022-2023 leadership, and gave its Gold Award to past president Neil Fishman.

The financial controllership function is evolving, but it only seems to be giving corporate controllers more work to do.

Accounting departments struggle to complete tasks and face difficulties keeping everything on track, especially during busy times of the year, due to inefficient tools or empowerment.

The Financial Accounting Standards Board issued a proposed accounting standards update to give investors more information about a joint venture's financial statements.

Corporate executives will have to pay back bonuses based on mistakes in their businesses' financial reporting under a new rule from the Securities and Exchange Commission.

Private companies looking to go public will need to be ready to prepare periodic financial reports, demonstrate effective internal control over financial reporting and manage investor relations

Fears about inflation and a slump in business are dampening the economic confidence of accountants in the U.S. and other parts of the world, according to a new survey.

The International Auditing and Assurance Standards Board is looking for feedback on updating one of its fundamental standards.