Audit & Accounting

The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.

The Governmental Accounting Standards Board released a new standard to improve the financial reporting for state and local governments on subsequent events.

Nine organizations wrote to the Department of Education expressing opposition to rules excluding accounting from recognition as a professional degree program.

The Institute of Internal Auditors has released its latest "topical requirement," this time on organizational behavior as part of a company's culture.

The Financial Accounting Foundation's board of trustees appointed 13 new members to the Financial Accounting Standards Advisory Council.

PrimeGlobal member firms' total revenue increased 19% year-over-year to $6.4 billion.

A significant proportion of firms have yet to implement new audit technologies and methods, citing poor training, lack of quality data, lack of systems access and lack of funds as the primary reasons.

The International Sustainability Standards Board issued amendments to greenhouse gas emissions disclosure requirements in IFRS S2 Climate-related Disclosures

The council's inaugural in-person meeting will be held on Tuesday, Dec. 16 from 12:00 p.m. EST through 1:30 p.m. EST at Sax's New York City offices.

Successful companies in the future will rely on employees with an entrepreneurial spirit.