Audit & Accounting

Gavin Patterson sought to distance himself from an accounting scandal that’s rocked the U.K. phone company, pointing the blame squarely on a few rogue employees and removing the head of European operations.

The Financial Accounting Standards Board has released a new standard that promises to simplify the goodwill impairment test, allowing many companies that don’t already apply the private company accounting alternative for goodwill to skip an extra step.

The firm network achieved total global gross revenues of $3.7 billion in the year ending Dec. 31, 2016.

The American Institute of CPAs has been producing guidance for how different industries can deal with the new rev rec standard that will be taking effect at the end of the year.

International Ethics Standards Board for Accountants finishes the first phase of its project for restructuring the Code of Ethics for Professional Accountants.

Allegations of embezzlement at the telecommunications company’s Italian unit follow disclosure of a 530 million-pound writedown.

American Institute of CPAs chief gives his views on the prospects for change in Washington during the Trump administration and in the accounting profession.

Joanne Barry of the New York State Society of CPAs shares a handful of ways accountants can help their country.

The CFA Institute has published a two-part report examining the controversy over non-GAAP financial measures from an investor perspective.

HB 1467 calls for proficiency replacing hours-based courses for CPA license renewal.