Audit & Accounting

In the first installment of a regular column, Darren Root explains why there is no better time to challenge traditional thinking and work to make your firm better every day.

Colombia’s bribery saga — in which a key witness and his son both suddenly died in the past week — has taken another turn.

The addition to the close management software company’s Strict Suite Controls product provides a software framework for internal controls.

The Public Company Accounting Oversight Board, with a new set of board members this year, approved a strategic plan for 2018-2022 on Thursday, along with a fiscal year 2018 budget.

The update makes narrow improvements to the credit losses standard, including the transition requirements.

Clients want more than market intelligence — they want analysis of general market information to help them act strategically and competitively.

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.

Often, new clients ask that accounting firms work with their existing back-office technologies, opening the door to countless headaches, frustrations and inefficiencies for the firm.

The Public Company Accounting Oversight Board is planning extensive changes in how it inspects firms and interacts with financial statement preparers.

KPMG has brought another independent director to its board, appointing Linda L. Addison, a former managing partner of the law firm Norton Rose Fulbright.