Audit & Accounting

Rumbi Bwerinofa-Petrozzello, president of the New York State Society of CPAs, is hoping to make accounting a more diverse profession, as the first woman of color to hold the position in the NYSSCPA’s nearly 125-year history.

The U.S. Department of Labor issued a final rule that aims to set reasonable limits on the amount of time that tipped employees can spend in non-tipped activities when the employer receives a tip credit.

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination.

The Global Reporting Initiative has confirmed Eelco van der Enden, a partner at PwC Netherlands, as its next CEO, starting Jan. 1, 2022.

While no one wants to believe fraud is occurring at their organization, unfortunately, it can and does.

The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching.

The accounting standards update would help nonpublic companies that provide equity-classified share-based awards to executives.

Many of our clients pay us for the deliverables they must have, but they retain us because of the unspecified extras we give to them.

The International Ethics Standards Board for Accountants has released its 2021 Edition of the Handbook of the International Code of Ethics for Professional Accountants, including International Independence Standards.

The IRS is reminding tax pros that current Preparer Tax ID Numbers will expire on Dec. 31.