Audit & Accounting

Blank-check companies would be required to disclose more information about their sponsors and potential conflicts of interest under a new plan from the U.S. Securities and Exchange Commission, the latest effort by regulators to rein in the once red-hot market.

Private sector employers added 455,000 jobs this month, payroll giant ADP reported Wednesday, as the economy continued to bounce back despite the ongoing pandemic, although continuing labor shortages held back stronger growth.

One of the most interesting, yet overlooked aspects of digital transformation is the way in which it changes the shape of data available to auditing professionals.

The state says it has already uncovered evidence that the Trump Organization used faulty valuations on financial statements to get loans.

The commission’s proposed rule would involve accountants and auditors more heavily in their clients’ efforts to provide assurance on sustainability reporting.

Employment growth at small businesses moderated slightly in March, but wages continued to increase, according to payroll giant Paychex.

The board issued an accounting standards update aimed at better aligning hedge accounting with an organization’s risk management strategies.

Professional accountants have an important role in driving better tax education.

Over three-quarters of the audits conducted by the Internal Revenue Service under its centralized partnership audit regime resulted in no change in taxes, according to a new report.

Overall new client additions – and departures – are up from 2020.