Audit & Accounting

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help organizations reclassify some of the stranded income tax effects in accumulated other comprehensive income resulting from the Tax Cuts and Jobs Act that President Trump signed into law last month.

Internal controls, the new lease accounting standard and cybersecurity are just some of the issues keeping financial executives up at night, according to a new survey by KPMG.

With 2018 now upon us, the new revenue recognition standard could have a big impact on your company and your finance team.

Steinhoff International Holdings NV’s accounting scandal is getting costly for U.S. banks.

RSM reported its international network of accounting firms broke through the $5 billion mark in annual revenue globally.

As much as it will change the profession, the new technology offers tremendous opportunities for accountants. according to Ron Quaranta and Erik Asgeirsson.

Increases in audit fees for public companies and nonprofits slowed down in 2016, according to a new report, although private companies saw an uptick in their fee increases during the 2016 audit season.

The four-month trial of three former Tesco Plc U.K. executives accused of fraud and false accounting over a 250 million-pound ($341 million) profit black hole at the grocer is nearly at an end.

A selection of reading for the profession, from the purely practical to the inspirational.

Marisa Garcia, managing director of CohnReznick Advisory, explains why so many industries are still dragging their heels on adjusting to the new revenue rules.