Audit & Accounting

Errors and misstatements were headed down, according to a report from Audit Analytics, but instead they hit a 15-year high.

The board plans to hold a meeting next Wednesday with its reconstituted Investor Advisory Group, the first meeting in nearly four years with one of its biggest stakeholders.

The economy added 390,000 jobs in May, the U.S. Bureau of Labor Statistics reported Friday, including 16,000 jobs in accounting and bookkeeping services.

The board's future projects include digital assets, intangibles, government grants, and accounting for financial instruments with ESG-linked features.

The Sustainability Accounting Standards Board released a set of recommended changes to three of its remaining active projects as its parent organization prepares to be merged into the International Sustainability Standards Board at the end of this month.

If you're looking for ways to expand your revenue streams, you may be considering offering statutory agent services.

The private sector added a modest total of 128,000 jobs in May, according to payroll giant ADP, but that was after losing 91,000 jobs at small businesses.

The service is taking steps to increase its audit rates of higher-income taxpayers after coming under sharp criticism in Congress over its lagging audit numbers.

The board voted to add a project to its technical agenda on financial instruments with environmental, social and governance-linked features and regulatory credits.

Ernst & Young is reportedly considering spinning off the auditing side of the firm to deal with growing pressure on the Big Four to avoid conflicts of interest with their consulting practices.