The American Institute of CPAs’ Auditing Standards Board has issued a new auditing interpretation on audit reports.

The American Institute of CPAs' Auditing Standards Board has completed its Clarity Project by issuing its final standard.

The Public Company Accounting Oversight Board released a report Tuesday indicating that the vast majority of audit firms were doing a good job of complying with a recent standard on communications with their client’s audit committees.

KPMG Southern Africa, a member of the global advisory network, has ended a 15-year stint auditing companies controlled by the Johannesburg-based Gupta family, after the ruling party and the national graft ombudsman announced investigations into its alleged influence over the state.

The Sustainability Accounting Standards Board has issued provisional sustainability accounting standards for the infrastructure sector, including electric utilities, engineering and construction services, gas utilities, home builders, real estate owners, developers and investment trusts, real estate services, waste management and waste utilities.

The Financial Accounting Standards Board has issued an accounting standards update to improve the accounting for employee share-based payments.

The Governmental Accounting Standards Board has issued recognition and measurement guidance for state and local governments that benefit from irrevocable split-interest agreements.