Audit & Accounting

The Pennsylvania accounting firm has added an organizational psychology firm based in Chagrin Falls, Ohio.

A New York CPA was hit with a $150,000 penalty and barred from association with a registered firm for misleading board inspectors and investigators.

The accountant's love affair with the humble spreadsheet is a long and storied one, but Ane Ohm of LeaseCrunch, said in today's age they can carry hidden costs.

The board wants feedback on its proposed description of a reporting entity by January 2023.

An extra $80 billion over 10 years will have major repercussions — though not necessarily the expected ones.

The document includes new tools and resources on committee requirements, oversight responsibilities and strategies for promoting effectiveness.

Banking depositors perceive failures at financial institutions as failures on the part of auditors, reducing their assessment of the credibility of an auditing firm.

With inflation still running high, companies are looking for advice from the accountants about how to cope with rising costs.

The board has decided to require companies to measure cryptocurrency assets at fair value.

Board staff believe the approach better aligns measurement of crypto assets with that of other assets used for investment purposes.