Audit & Accounting

The Financial Accounting Standards Board has voted to issue a proposed accounting standards update to improve the financial statements for not-for-profit organizations and ask for public comments.

The AICPA released the results of their first quarter AICPA Economic Outlook Survey this morning, and the results show that executives are taking a more tempered approach when it comes to expectations for profit, revenue and expansion in the coming year.

U.S. officials are concerned that the trillions of dollars companies park overseas are doing more than just helping them skirt taxes. They’re worried the practice leaves investors in the dark.

FAF president and CEO Terri Polley sheds light on how FASB, GASB and the FAF intend to work together to carry out a solid strategic plan over the next three years.

Internal audit professionals are making progress in meeting cybersecurity and data privacy standards, according to a new report, but a great deal of work remains, with many of the surveyed organizations rating themselves as less than “very effective” at addressing their cybersecurity risks.

A looming talent shortage could undermine the gains of internal audit departments in getting attention from top corporate executives, according to a new report.

The AICPA will announce the results of its CPA Outlook Index (CPAOI), a measure of sentiment concerning the U.S. economy and key business performance categories for the coming year, this Thursday, March 5, at 7:00 a.m. EST.

CFOs are removing some of the barriers that have traditionally existed between treasury and procurement functions.

The International Forum of Independent Audit Regulators released a new report Tuesday showing continuing high levels of significant deficiencies in the audits of public companies by auditing firms around the world.

The Institute of Management Accountants (IMA), the association of accountants and financial professionals in business, launched the IMA Accounting Honor Society (IAHS) today, designed to recognize and honor academic achievement in the study of accounting.