Audit & Accounting

Financial Accounting Standards Board Chairman Russell Golden compared the standard-setting process to the new race car movie, “Ford v Ferrari,” even though he admitted the process usually isn’t so speedy.

The draft model will look to 'address the greatly expanding body of knowledge required of newly licensed CPAs,' according to the two organizations.

Exxon Mobil Corp. won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change, a striking rejection of New York state’s claim that the company misled investors for years.

The new platform connect taxpayers with 'their ideal tax professional.'

The notice delays a requirement for reporting partners’ share of partnership capital.

The Governmental Accounting Standards Board has proposed implementation guidance with questions and answers to clarify and explain some of GASB’s earlier standards and pronouncements.

The Public Company Accounting Oversight Board is planning to issue a concept release on revisions in quality control standards while making extensive changes in its inspections and audit reports.

Frequently we are asked to prepare a formal proposal. This is usually done when the client or prospect is considering multiple firms and the decision will either be made by a board of directors or when the person making the decision feels the need to tangibly back up their decision.

Candidates for the council of the local CPA institute are being judged on their positions in city-wide political debates.

The Financial Accounting Standards Board seeks candidates for the role of principal advisor to the chairman and board.