Audit & Accounting

A group of advocacy organizations is urging the Financial Accounting Standards Board to require multinational companies to disclose more information about their taxes.

Audit committees are responsible for wading through the gray area in every company with respect to the law, best practices and business ethics.

The Financial Accounting Standards Board has issued a proposed accounting standards update for improving the financial reporting for long-term insurance contracts, including life insurance, disability income, long-term care and annuities.

An overwhelming majority of American investors are confident in the integrity of the U.S. capital markets, including audited financial reports and independent auditors, according to a new survey by the Center for Audit Quality.

The Financial Accounting Standards Board’s recent set of proposed technical corrections to its revenue recognition standard are a sign that more companies are getting serious about implementing them.

The oil and natural gas services company Weatherford International will pay a $140 million penalty to settle accounting fraud charges.

BDO USA LLP has named Christopher Tower as the firm’s new national managing partner for audit quality and professional practice.

Companies are beginning to revamp their financial reports to incorporate sustainability disclosures in response to demand from investors.

The American Institute of CPAs’ Accounting and Review Services Committee has finished the last of the standards it has been redrafting and clarifying as part of the AICPA’s Clarity Project.

The Governmental Accounting Standards Board proposed guidance Monday to address a broad set of accounting and financial reporting issues to help state and local governments deal with the implementation and application of certain GASB pronouncements.