Audit & Accounting

Two alerts spotlight some potential risks facing firms during the 2017 audit cycle.

The elimination of Step 2 in FASB's goodwill impairment test may result in more frequent reporting of impairment, as well as a change in the magnitude of the impairment charge.

The Internal Revenue Service issued a new warning Tuesday to users of its online e-Services cautioning them to beware of a new phishing scam that attempts to trick tax professionals into “signing” a new e-Services user agreement.

The Internal Revenue Service could be auditing more tax returns where it sees big discrepancies in the payments reported on the Form 1099-K and the income reported on tax returns, according to a new report.

KPMG LLP’s South African unit appointed nine new executives in an attempt to restore trust in the auditing firm as clients continued to distance themselves over its involvement with the politically connected Gupta family.

The Anti-Fraud Collaboration between the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors has released the fourth in a series of case studies highlighting ways to deter financial fraud.

This venture brings the tribal government and gaming industry verticals to Wipfli.

The Trump administration urged the overhaul of key rules underpinning trading in U.S. stock, bond and derivatives markets, calling on regulators to loosen dozens of restrictions.

Practitioners discuss how to hold onto an acquired book of business.

A staff alert highlights the board’s requirements for auditors, among other things.