Audit & Accounting

The House Financial Services Committee is considering legislation to transfer the Public Company Accounting Oversight Board's responsibilities to the SEC.

The International Auditing and Assurance Standards Board is proposing to tailor its standards to align with recent additions to the IESBA's Ethics Code.

The Iowa Society of CPAs announced Carrie Steffen as its next CEO, effective May 19.

The Financial Accounting Standards Board published a rule in 2023 requiring companies that hold crypto to report their tokens at fair value.

Big Four firm KPMG announced that it has built several new AI agents into its global smart audit platform Clara, with plans to develop more in the future.

As the odds of a downturn climb, one expert warns that it may result in the uncovering of so-far undetected fraud schemes.

Utah Valley University and Intuit are piloting a hands-on education program to attract students to pursue accounting careers.

Grant Thornton Advisors is merging together more international firms in its network, adding firms in the United Arab Emirates, Luxembourg and the Cayman Islands.

The U.S. Department of Education plans to resume collecting defaulted student loans on May 5 after a years-long pause that began with the pandemic.

Paul Atkins was sworn in as the new chair of the Securities and Exchange Commission and is expected to bring a more deregulatory and crypto-friendly approach.