Audit & Accounting

Each generation leaves its mark on the way things are done, and accounting is no different.

The Institute of Internal Auditors and AuditBoard added to their Elevate Internal Audit Scholarship Program by providing merit-based scholarships for those studying for Certified Internal Auditor status.

Sustainability reporting standards, as well as assurance services to verify that reporting, vary widely across jurisdictions and individual practitioners and require better standardization.

The SEC has tweaked certain accounting rules and is considering doing more.

The tax prep giant's financial technology innovation arm is adding new accounts receivable features to its bookkeeping software.

The Public Company Accounting Oversight Board is reassessing its plans to reestablish its outside advisory groups after the latest bout of turmoil at the audit firm regulator.

The thoughtful development of a formalized internal control framework can help with effective management of risk.

U.S. oil and gas companies, along with their investors, may not be doing enough to reflect the impacts of the climate crisis in their financial reports.

KPMG U.K. Ltd. faces a 15 million pound ($21 million) fine after it committed “gross misconduct” over a conflict of interest when it advised bed manufacturer Silentnight and the private equity firm that bought it in 2011.

The Securities and Exchange Commission is reportedly probing William Duhnke, the recently fired chair of the Public Company Accounting Oversight Board.