Audit & Accounting

The International Forum of Independent Audit Regulators reported on issues with how firms are scrutinizing accounting estimates, testing internal controls, checking revenue recognition and more.

Internal auditors are getting more involved in technology initiatives like cybersecurity and data analytics, according to several new reports.

Companies need to realize that the challenge ahead is bigger than accounting.

There may be some advantages, particularly for multinationals, with getting an early jump on FASB's changes in the hedging rules.

Auditors can upload scanned documents directly into client engagements.

When auditors push non-attest services, their clients’ financials tend to contain more errors, according to new research.

Clients needs increasingly demand technology solutions. Acquisitions are the smart way for firms to add these capabilities.

The National Society of Accountants wants the Internal Revenue Service to provide a six-month extension for businesses to opt to be treated as S corporations for this year, arguing the current deadline of March 15 is too soon to make a decision given the uncertainty surrounding the new tax law.

Four accounting firms share their experiences looking for secure, efficient document exchange

Deloitte, PwC and EY all caved. Under pressure over how they compiled their gender pay gaps in the U.K., the three companies agreed to revise their figures to include high-earning partners.