Audit & Accounting

New guidance aims to help organizations better monitor the effectiveness of their internal control systems.

The majority of U.S. companies are making multiple adjustments in their pay and hiring programs for both executives and employees in response to the financial crisis, according to a new survey.

Even with the current downturn in the real estate market, like-kind exchanges continue to be a popular way to dispose of property while deferring the taxable gain.

There has been talk, and some hope, that the current financial crisis might be the perfect storm for tax reform, allowing the Obama administration to push through significant policy changes.

Accounting firm Wiss & Co. has created an economic advisory group to help business owners and executives deal with the recession.

Many executives at global companies prefer to keep a lid on incidents of corruption uncovered in their organizations, according to a new survey.

A new board that includes the Securities and Exchange Commission and other regulatory bodies will now oversee the trustees who oversee the International Accounting Standards Board.

The Securities and Exchange Commission has posted the final version of its rule mandating Extensible Business Reporting Language for public companies.

The Financial Accounting Standards Board has issued a proposed standard that would require disclosures about the fair value of financial instruments in interim financial statements as well as annual statements.

The Financial Accounting Standards Board wants to bring more clarity to some of the complex credit derivatives that contributed to the financial crisis.