Audit & Accounting

The Big Four firm has agreed to an inquiry by the South African Institute of Chartered Accountants.

The commission has been aware of the breach since 2016.

Focusing on the present is one of the biggest challenges firm leaders face.

The Financial Accounting Standards Board voted Thursday to add three more projects to its technical agenda in the areas of liabilities and equity, financial performance reporting, and segment reporting.

The revenue recognition standard that takes effect in December for public companies could pose challenges for technology businesses, particularly those relying on traditional subscription licenses, and many companies aren’t ready for the impact on their financials.

As global companies implicated in a graft scandal in South Africa scramble to contain the damage to their reputations, politicians and law enforcement agencies are prevaricating and stalling official investigations.

The organization is hoping to collect 3,000 pounds of nonperishable items by November 17.

An official from the American Institute of CPAs asked the Internal Revenue Service to revise its proposed regulations for auditing large partnerships during an IRS hearing Monday.

The South African Revenue Service is considering instituting legal proceedings against KPMG LLP’s local unit for reputational damage after the auditing firm withdrew the conclusions of a report that was used in a police probe against former Finance Minister Pravin Gordhan and led to the removal of senior staff at the agency.

The IRS’s ‘Don’t Take the Bait’ campaign shares tactics for protecting client data and practitioner systems.