Audit & Accounting

An early pioneer in the ESOP space, Katz, Sapper & Miller now advises clients on the alternative business structure.

Despite suggestions to the contrary, audits remain valuable and serve a grander purpose.

The Financial Accounting Foundation is reviewing the effectiveness of the Private Company Council, the group that advises the Financial Accounting Standards Board about the perspective of privately held companies.

Microsoft is making its Copilot for Finance generative AI solution available for public testing.

Complex transactions in this industry can trigger accounting and reporting issues that may result in SEC letters, restatements and challenging conversations with investors.

Ernst & Young issued a major mea culpa following a failed split of the firm.

The 83 publicly disclosed accounting and auditing enforcement actions in FY 2023 represented the highest number of actions initiated since FY 2019.

Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.

While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them.

The Public Company Accounting Oversight Board is proposing a new rule to prevent auditing firms from making false or misleading statements about being registered or overseen by the PCAOB.