Audit & Accounting

Allen Weisselberg is an unassuming, soft-spoken guy who has spent decades avoiding the limelight, first in the 1970s as an accountant for President Donald Trump’s father, Fred, and then as the Trump Organization’s chief financial officer. Those days are over.

Bankers preparing for the Financial Accounting Standards Board’s new current expected credit loss model have many questions about implementation.

Now that a guilty plea by the president’s ex-lawyer has implicated the Trump Organization, federal, state and local prosecutors are circling.

PwC surveyed how public and private companies are handling the revenue recognition standard.

The Securities and Exchange Commission and the Public Company Accounting Oversight Board finalized slightly fewer enforcement actions against accountants in 2017, slipping from 79 in 2016 to 75 last year, according to a new report.

The Illinois CPA Society and the city of Chicago are marking the 75th anniversary of when the first African-American woman became a CPA in the U.S.

The Internal Revenue Service issued a revenue procedure Wednesday providing information on how companies can change their method of accounting if they have switched from being an S corporation to a C corporation in response to the Tax Cuts and Jobs Act.

In an unusual event for an outsourced financial services firm, Consero earns a significant cash infusion from BV Investment Partners.

The Institute of Internal Auditors and the Internal Audit Foundation are seeking teams for a case study competition at the 2018 Internal Auditing Education Partnership Exchange in Orlando this September.

The trustees of the Financial Accounting Foundation reappointed Candace Wright as chair for a second three-year term on Tuesday, while also reappointing two other members to another two-year term.