Audit & Accounting

The changing revenue recognition and leasing rules are prompting various strategies to deal with them.

The Financial Accounting Standards Board hopes to improve the financial reporting for stock compensation.

The U.K. accounting watchdog is ramping up misconduct fines after being called useless and toothless by lawmakers irate at the failure of the accounting industry to prevent several high-profile corporate collapses.

Wesley Bricker, chief accountant at the Securities and Exchange Commission’s Office of the Chief Accountant, told attendees at the Institute of Management Accountants’ annual conference in Indianapolis on Tuesday about the vital role he sees them playing in financial reporting.

The Financial Reporting Council's assessment is fueling calls to reform the industry, including dismantling the “Big Four” players.

The AICPA chief calls for the profession to get ahead of change by building new visions of itself.