Audit & Accounting

Financial restatements decreased roughly 6% year over year, according to a report from Ideagen Audit Analytics.

The Internal Revenue Service switched over from focusing its audits on taxpayers earning $10 million or more to those earning $400,000 or more after passage of the Inflation Reduction Act.

The Federal Accounting Standards Advisory Board says that, for federal government accounting purposes, seized digital assets aren't monetary unless they come from a central bank.

Global Reporting Initiative CEO Eelco van der Enden plans to step down at the end of the year when his three-year contract concludes.

Paul English plans to further extend the accounting and advisory firm network to more countries.

We've been talking about the burnout crisis for decades, but the talk needs to turn into action.

The unpredictable nature of digital assets stands out as both a defining characteristic and a significant challenge for investors and accounting professionals alike.

The Public Company Accounting Oversight Board levied sanctions against firms in the U.S., Canada and the United Arab Emirates for violating various rules and standards.

The current wave of M&A activity is driven at least in part by the need for firms to build out their CAS practices quickly, said Joe Woodard at Scaling New Heights

During the annual Scaling New Heights conference in Orlando, Joe Woodard warned that AI means accountants must go beyond advisory and analysis to remain relevant.