Audit & Accounting

The prizes, which recognize excellence in governance, regulation and compliance, were presented by the research company GRC 20/20.

The International Federation of Accountants claims regulatory divergence is dampening economic growth.

Accountants need to really understand their clients' perspectives to live up to their 'trusted advisor' status, says Geni Whitehouse.

The International Ethics Standards Board for Accountants has released a new code of ethics for accountants that’s been rewritten to make it simpler to navigate, use and enforce.

The United Kingdom’s Financial Reporting Council, which oversees auditing firms, said Monday it is implementing the recommendations of an independent review of sanctions for auditors, accountants and actuaries, which include increasing the fines to £10 million ($14.1 million) or more for “seriously poor audit work” by a Big Four firm.

As recently as 2010, the Internal Revenue Service used to audit nearly all 'corporate giants.'

Biotech, pharmaceutical, medical device and related businesses are dealing with recent accounting standards, plus a new tax law, amid a changing landscape for their industry.

The institute has released a new exposure draft on information systems design.

Audit rates are dropping, but there are still triggers that taxpayers can avoid to reduce their risk even further.

Larry Smith, who served as a member of the Financial Accounting Standards Board from 2007 until 2017, is watching some of the standards he worked on for a decade now being rolled out, but he believes the board should be doing more on performance reporting and the FASB Accounting Standards Codification.