Audit & Accounting

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.

Matthew Rosenberg, president of RoseCap Investment Advisors in Colorado, was honored for his numerous contributions to the profession.

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

The Institute of Management Accountants wants to educate its members about the changing skills expected of corporate finance leaders with a new Competency Framework and a series of chair people ready to take the lead as the organization marks its centennial.

Today’s technology gives accountants the ability to advise their clients on an array of business matters far beyond traditional tax or audit services.

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

The Institute of Management Accountants unveiled an exposure draft of its enhanced Management Accounting Competency Framework at the kickoff of its annual conference Sunday in Indianapolis.

The Financial Accounting Standards Board’s Emerging Issues Task Force has made decisions on some new rules.

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.