Audit & Accounting

Average audit fees continued to grow in recent years, increasing nearly 4% from 2019 to 2020 from $2.43 million to $2.52 million, according to a new survey.

The pace of hiring at small businesses continued to increase for the fifth month in a row as wages spiked dramatically.

The Financial Accounting Standards Board proposed an accounting standards update Monday that would modify the disclosure requirements for interim financial reporting.

The board released its 2020 inspection reports Monday for Deloitte, Ernst & Young, KPMG and PwC, showing mixed results.

Becker Professional Education is hoping to expand the number of accountants and CPA Exam takers as the profession has suffered a decline in recent years.

Rumbi Bwerinofa-Petrozzello, president of the New York State Society of CPAs, is hoping to make accounting a more diverse profession, as the first woman of color to hold the position in the NYSSCPA’s nearly 125-year history.

The U.S. Department of Labor issued a final rule that aims to set reasonable limits on the amount of time that tipped employees can spend in non-tipped activities when the employer receives a tip credit.

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination.

The Global Reporting Initiative has confirmed Eelco van der Enden, a partner at PwC Netherlands, as its next CEO, starting Jan. 1, 2022.

While no one wants to believe fraud is occurring at their organization, unfortunately, it can and does.