Audit & Accounting

The Financial Accounting Standards Board’s Emerging Issues Task Force has made decisions on some new rules.

Limited guidance from the IRS and accounting standard-setting bodies has led to a divergence in interpretation and practice for inventory valuation within the scope of business combinations.

Based on a flawed 1998 study, the war on spreadsheets continues unabated.

Accounting firms need to do more than just post in job boards.

Accountants must adapt to change before they’re forced to, says the AICPA VP.

The pro skateboarder has defined his career by taking risks, and he championed a similar business strategy during his keynote address at the AICPA Engage conference in Las Vegas.

The financial instruments standard requires a new kind of calculation that is proving disruptive.

Accountants have a new way to gain the PFS credential, and non-CPAs can get educated too.

The integration allows auditors to automate and track bank confirmations for any of their engagements.

It’s said auditors get off lightly when companies fail. Tell that to the PricewaterhouseCoopers partner who signed off on the accounts of failed British retailer BHS. He has just received a 325,000-pound ($434,000) fine and a record 15-year ban from audit work.