Audit & Accounting

The Summa Holdings ruling may be part of a broader push back against the doctrine.

The Governmental Accounting Standards Board has released an “omnibus” statement providing guidance on a wide range of accounting and financial reporting issues that have been uncovered during the implementation and application of some of GASB’s earlier pronouncements for state and local governments.

This year’s filings are still behind last year; more and more tax pros won’t be vacationing after April 18; and other statistics as of the middle of the this year's filing period.

The Public Company Accounting Oversight Board has sanctioned a former partner of PricewaterhouseCoopers Auditores Independentes in Brazil for audit failures involving Sara Lee Corporation.

Changing client needs and growing competition may be bringing the relevance of the credential into question.

Corporate communications and environmental, health and safety regulations could expose companies to hidden pitfalls.

Complicated rules will mean the industry will require tax and accounting services.

Poll finds CMAs generally earn more than those without the certification.

The Anti-Fraud Collaboration, a coalition of the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors, has released a new report on how organizations on can deter fraud and improve financial reporting.

The Securities and Exchange Commission has given its approval to the 2017 GAAP Financial Reporting Taxonomy, the annually updated set of accounting standards built using computer-readable tags.