Audit & Accounting

Crypto assets do not clearly meet the definitions of cash, financial instruments or inventory under GAAP, leaving preparers uncertain.

If the DOJ can revise immunity language in one of the highest-profile tax settlements in memory, then no closing agreement your client is holding is immune.

While the accounting profession has always been a great choice, it now has entered a particularly exciting period of revolutionary change largely driven by AI.

The specialized enforcement unit will pursue accounting and financial reporting fraud cases, as well as general misconduct in accounting and auditing.

The International Auditing and Assurance Standards Board proposed revisions to three of its International Standards on Auditing.

Investment companies may need to reassess valuation policies, disclosures and financial reporting timelines if the proposal is finalized.

Private sector hiring grew by 44,000 jobs in July, while pay increased 4.4% year-over-year, payroll giant ADP reported Wednesday, as the pace of hiring slowed this summer.

The FRONTIER Act is a meaningful step forward. But without contemporaneous records and truly independent verification, oversight begins too late

The Federal Accounting Standards Advisory Board released guidance on implementing the disclosure requirements for public-private partnerships.