Audit & Accounting

The Securities and Exchange Commission has imposed a civil penalty on the car rental giant for misstating pretax income.

With things changing so fast in the accounting world, many CPAs feel it’s difficult just trying to keep up.

The Internal Revenue Service has issued final regulations implementing the centralized partnership regime, allowing the IRS to audit large partnerships, such as hedge funds and private equity firms, more easily.

The total amount of goodwill impairment recorded by U.S. public companies climbed 23 percent last year, reaching $35.1 billion.

Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires public companies to undergo annual audits of the adequacy of their internal controls over financial reporting, appears to be supported by investors who want newly acquired companies to be audited as well, according to a new study.

More and more, employees expect to be able to work where and when they like.

As firms move more toward advisory services, It's importnat to recognize the structural differences between the two.

The rapid pace of technology innovation and its impact on the accounting industry cannot be ignored.

The Institute of Internal Auditors is beginning to re-evaluate the “Three Lines of Defense” model that has been around for more than two decades.

You may bring 10 years of accounting experience from a great firm, but that doesn’t mean you’ll have a full roster of clients on day one.