Audit & Accounting

For a profession that's often stereotyped as stagnant, the world of accounting is changing at unprecedented speed.

Almost 10 months after scandal shook Archer-Daniels-Midland Co., the commodity-trading giant has yet to sort out its accounting.

The International Auditing and Assurance Standards Board is preparing for the adoption of its International Standard on Sustainability Assurance 5000 early next year.

Nearly three-quarters of U.S. masters of accounting programs reported application growth, according to a report by the Graduate Management Admission Council.

Archer-Daniels-Midland will amend previous financial statements after uncovering accounting issues, prompting the crop trader to cancel its earnings call.

The Big Four firm has cut roughly 330 people from its U.S. audit business to combat near historic low employee turnover rates.

Christina Ho said Sens. Elizabeth Warren and Sheldon Whitehouse are unfairly singling her out for audit failures at firms.

The Public Company Accounting Oversight Board staff updated its short- and mid-term standard-setting agenda as well as its rulemaking agenda.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

Plus, Withum rolls out cloud-based audit platform; SafeSend's new Client Portal uses PIN instead of password; and other accounting tech news and updates.