Audit & Accounting

Wirecard AG’s former chief executive officer appeared in public for the first time since his July detention in connection with the collapse of the electronic payment company, but lawmakers hoping for insights from the disgraced manager were left disappointed.

The Securities and Exchange Commission voted to amend the disclosure requirements in the Management’s Discussion and Analysis portion of financial reports.

PCAOB aligns auditor independence rules with SEC

The enforcement push comes after years of persistently low examination rates.

Nearly one-third of companies are reducing their overall real estate footprint as a result of the COVID-19 pandemic, with 31 percent of companies renegotiating leases for more favorable terms, according to a new report.

The press helps keep firms honest, according to a new academic paper.

At issue is China's refusal to let inspectors from the PCAOB review audits of some Chinese businesses.

The exposure draft covers leases, fiduciary activities and other topics.

Accountants and tax pros have been crucial to helping small businesses get through COVID-19 so far, said Thomson Reuters' Charlotte Rushton.

But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.