Audit & Accounting

The new standard requiring all leases longer than 12 months to be recorded on balance sheets is now in effect for nonpublic companies with a fiscal year beginning after Dec. 15, 2021. Are you prepared?

The board voted to provide a practical expedient for when companies have related-party arrangements between entities under their common control.

Americanas sought bankruptcy protection after its shares tumbled 77% in one day and dollar bonds sank to 15 cents on the dollar following the reporting of the massive accounting hole.

Markus Braun insisted he acted properly when he told markets two months before the company's spectacular demise that a KPMG probe found no wrongdoing — even though the auditor didn't have access to the documents it needed.

CFOs have been adjusting to higher interest rates and inflation over the past year, but finding the right people is still a priority at many companies.

Daniel Werfel, who has been nominated as the next Internal Revenue Service commissioner, also received an endorsement from a major organization of tax pros.

The IIA's president and CEO sees the proposed confirmation standard as an 'unnecessary swipe' at internal auditors.

Ernst & Young added Tallan; De La Hoz, Perez & Barbeito merged in Roy G. Glassberg CPA PA; and DJH Mitten Clarke acquired Novis & Co.

The international network of audit, tax and advisory firms reached €2.45 billion ($2.6 billion) in total fee income.

IRS algorithms in determining tax returns to audit, enforcement policy and resource constraints result in significant racial disparity in returns chosen for a tax audit.