Audit & Accounting

The Center for Audit Quality and the American Accounting Association’s Auditing Section have picked three new academic research projects to support by giving researchers access to audit practitioners.

The Financial Accounting Standards Board has issued an accounting standards update for determining the customer of service concession arrangements.

The valuation profession has gone through many changes since the introduction of fair value measurements in 2001, and the development of a new credential will help unify the valuation profession.

How to tax services like Uber and Airbnb remains up in the air, according to Bloomberg BNA's annual survey of state revenue departments.

Many companies may be engaging in revenue management, along with earnings management, to meet or beat analyst expectations, particularly in the technology and health care industries, according to a new study.

The Governmental Accounting Standards Board has issued guidance for state and local governments to use when they extinguish debt before it matures.

The IFRS Foundation has signed a memorandum of understanding with the World Bank to help developing countries use International Financial Reporting Standards.

Grant Thornton International has named Peter Bodin, the former CEO of Grant Thornton Sweden, as CEO-elect, succeeding Edward Nusbaum, who will retire at the end of the year.

PricewaterhouseCoopers’ firm in the United Kingdom was fined a record £5 million ($6.4 million) by the U.K.’s Financial Reporting Council for its audits of Connaught, a social housing maintenance business that collapsed in 2010.

The Financial Accounting Standards Board is asking for comments on how effective its U.S. GAAP Financial Reporting Taxonomy really is.