Audit & Accounting

Companies can alleviate some of the coming stress with proactive planning, processes and collaboration.

Accounting's most influential share the one thing they would change about the profession.

As part of this year's Top 100 Most Influential People survey, Accounting Today asked, "What is one thing you would like to change about the accounting profession?"

From firm splits and the entry of private equity into the field to ESG and the war for talent, these are the biggest developments in tax and accounting over the past 12 months.

While looking for future CPAs, don't forget those who are struggling to pass the exam now.

They can now be kicked off U.S. exchanges after just two years, not three.

The International Ethics Standards Board for Accountants is focusing more on sustainability-related issues.

The Securities and Exchange Commission voted to approve the Public Company Accounting Oversight Board's 2023 budget and annual accounting support fee ahead of the holidays.

"Proof of reserves is neither a full accounting of the assets and liability of a company, nor does it satisfy segregation of customer funds under the securities laws," said SEC chair Gary Gensler.

The Internal Revenue Service would be legally mandated to annually audit the president and publish the results under legislation passed by the House.