Audit & Accounting

Grant Thornton reported Monday that its U.S. firm achieved a record level of revenue in fiscal year 2019, surpassing $1.9 billion, a year-over-year increase of 5.4 percent.

The legislation would create a whistleblower program similar to the one at the SEC, offering protection to accountants and auditors, and others who know of accounting fraud.

Four recent actions gave me insights into the changing business models of the accounting business.

PricewaterhouseCoopers agreed to settle SEC charges for engaging in improper professional conduct with 15 audit clients.

The annual list recognizes thought leaders, decision-makers, standard-setters and others who are shaping the future of the profession.

The new standard promises to give accountants a leg up in providing litigation support services.

A review of the financial records of the National Rifle Association of America shows that the affiliate transferred nearly three times as much last year as in the past.

Senator Elizabeth Warren’s campaign promise to fund social programs by making America’s wealthiest pay a small percentage of their fortune every year could create a costly and difficult compliance system for both the taxpayers and the IRS.

To ensure entities have reliable and proper historical data accumulated when they implement CECL, they should start start cleaning up their data.

A rule requiring audit firms to disclose the names of engagement partners who participated in an audit may not be having much of an impact on audit quality.