Audit & Accounting

The Public Company Accounting Oversight Board announced its largest-ever cohort of students will receive $15,000 each, up from $10,000 in previous years.

Environmental, social and governance work could be for accountants in the 21st century what tax and audits were in the 20th.

The Nasdaq 100 Index posted its biggest intraday drop in nearly two years as investors braced for days of volatility amid rising concerns over a slowing U.S. economy and overheated gains in the technology sector.

Abraham Shafi, former CEO of social media platform IRL, was charged with defrauding investors of $170 million by the Securities and Exchange Commission.

Plus, CAQ releases generative AI guide for audit committees; US Bank announces new AR solution; and other accounting tech news.

PwC announced the rollout of its new ChatNational large language model AI for internal staff, which is designed exclusively for research questions versus the more general use ChatPwC

A recently introduced Senate bill would direct the federal government to develop third party audit standards for AI.

A new survey from ACCA and the IMA reported a sharp decline in economic confidence among accountants and finance professionals in the U.S. and North America, although globally confidence seemed to be increasing.

Private sector employment grew by 122,000 jobs in July — a deceleration from the average job gains seen over the second quarter of the year.

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.