Audit & Accounting

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.

Seattle-based financial services company agrees to pay a $500,000 penalty to settle charges with the Securities and Exchange Commission that it improperly performed hedge accounting and later took steps to impede potential whistleblowers.

A medical device maker agrees to settles charges brought by the Securities and Exchange Commission that it improperly booked revenue and made improper payments to doctors at government-owned hospitals in Brazil to increase sales.

General Motors is paying a $1 million penalty to settle charges from the Securities and Exchange Commission that deficient internal controls kept it from properly assessing the potential impact on its financial statements of a defective ignition switch found in some vehicles.