Audit & Accounting

The quick-witted Democratic congressman who found himself on the front lines of the government's rescue of the American financial system has died.

The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses' beneficial ownership information to FinCEN.

The Internal Revenue Service agreed not to continue any legal claims or investigations of the president's past tax returns, adding to a controversial settlement.

The AAM is rebranding itself as the Association for Accounting Growth, reflecting the profession's evolution and association members' expanding responsibilities.

The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC's allegations.

The case centers on PwC's auditing work for Evergrande, an emblem of China's property crisis since it defaulted in 2021.

Will the profession wait for the AI equivalent of 1929 before applying what it already knows? The answer begins with examining what the current AI assurance landscape provides and what it does not.

Technology is not replacing accountants. But it is changing what accounting work involves, and the change is further along than most realize.