Audit & Accounting

A lender that owns the auto parts supplier's debt sued BDO USA alleging it failed to detect problems before the company collapsed into bankruptcy.

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.

KPMG is shutting down its audit practice for the federal government after losing a Pentagon contract, and laying off 4% of its U.S. advisory practice.

Kreston Global, an international accounting network based in London, has created a new Global Legal Group, uniting legal professionals from across the network, operating in coordination with the network's Global Tax Group.

The deal, expected to close later this year, will expand Grant Thornton's presence in the Asia Pacific region.

The International Public Sector Accounting Standards Board hopes to improve how financial information is presented in public sector financial statements.

Chief executives have been seeing substantial pay gains over the past year, especially at the largest companies, according to a new analysis.

The PCAOB found that audit committee chairs are increasingly turning to their auditors to understand AI's impacts on a company's financial reporting and controls.

The Financial Accounting Standards Board added a project to its technical agenda to allow insurance companies to use the "portfolio layer method" when doing hedge accounting on their financial liabilities.

Clients may be able to save thousands in taxes and prepare for a better future with the introduction of even the most rudimentary financial planning.