Audit & Accounting

Big Four firm KPMG LLP has agreed to acquire Optimum Solutions, an Oracle Platinum Partner that provides management consulting and implementation services for organizations using Oracle Corp.’s enterprise software.

A total of 33 state CPA societies representing over 275,000 CPAs have written letters so far to the Financial Accounting Foundation or passed resolutions urging the FAF to create a new accounting standard-setting board for privately held companies, according to the American Institute of CPAs.

Small and midsized enterprises are placing greater emphasis on sustainability strategy in tandem with their accounting, according to a new report.

The New York State Society of CPAs has written a comment letter opposing changes in the format of audit reports.

Vault.com has ranked Grant Thornton as the top accounting firm to work for in the employment site’s second annual rankings.

Deloitte & Touche has been sued by the trustees for a bankrupt mortgage lending company for failing to detect the financial fraud that led to the company’s collapse.

A new study has found a link between high auditing fees charged to public companies and the companies’ decline in financial performance for up to five years in the future.

The Private Company Financial Reporting Committee discussed proposed accounting standards for revenue recognition, leasing and investment properties during a meeting with members of the Financial Accounting Standards Board.

The Governmental Accounting Standards Board has extended the deadline until October 14 for constituents to comment on its recent proposals for improving the disclosures for pension accounting and financial reporting.