Audit & Accounting

RSM formed an advisory body composed of three independent board members responsible for evaluating quality control and quality management within the firm's assurance practice.

The Securities and Exchange Commission settled charges against the California-based e-commerce food distributor for overstating revenue to Series D investors.

Gambling operators have attracted increasing regulatory scrutiny in the U.K. in recent years, leading to significant fines.

Natasha Kosnac, chief audit officer of Unite Here, recently succeeded Peter Frank as president of the Accountants Club of America and she has plans for expanding the longtime club.

The International Ethics Sustainability Board for Accountants said its Global Ethics Sustainability Standards have been certified by the PIOB and IOSCO.

Plus, Corecentric enhances its International Tax Management Engine; and other accounting tech news and updates.

The Public Company Accounting Oversight Board released a staff publication highlighting problems it's seeing with audits of journal entries.

Sen. Tommy Tuberville and Rep. Warren Davidson reintroduced legislation to repeal the Corporate Transparency Act and its beneficial ownership information reporting.

The Institute of Internal Auditors announced that its Global Internal Audit Standards officially became effective on Jan. 9.

The accounting profession has the opportunity to advance by emphasizing intellectual capital in engagements.