The Latest

The International Federation of Accountants has convened the first meeting of a coalition of major accounting firms, civil society groups and international organizations to develop strategies to encourage high-quality public sector financial reporting, greater government transparency and accountability, and empowered citizen engagement.

Technology consultant Joe Woodard discusses technology trends for accountants and how automation is turning traditional services into commodities that accountants have to make more valuable for clients, in an interview with Accounting Today editor-in-chief Dan Hood.

The requirements in the Sarbanes-Oxley Act for outside audits of internal control may actually be penalizing companies that reveal problems with their controls, according to a new study.

The Internal Revenue Service needs to do better at ensuring that health insurance policy issuers and self-insured plan sponsors pay a fee required under the Affordable Care Act known as the Patient-Centered Outcomes Research fee, according to a new government report.

During the Accounting Diversity Pipeline Project's recent "Roundtable on Building a Sustainable Diverse Pipeline of Accounting Professionals for the 21st Century" last week in Williamsburg, Va., PCAOB board member Jeanette Franzel reiterated that building a diverse talent pool is "critically important" to the profession's future.

The Financial Accounting Standards Board issued for public comment Wednesday a proposed accounting standards update that would defer the effective date of its new revenue recognition standard by one year.

Members of the International Forum of Independent Audit Regulators agreed in principle on the text of a multilateral arrangement for exchanging information about audit firms during a meeting in Taipei.

The International Accounting Standards Board voted Tuesday to propose a one-year deferral of the revenue recognition standard that the IASB converged last year with the U.S. Financial Accounting Standards Board.

Senior financial professionals polled by the Institute of Management Accountants reported little impact on their hiring plans as a result of the Affordable Care Act.

Top 100 Firm McGladrey LLP has agreed to acquire substantially all the assets of the Bay area firm PKF San Francisco and the St. Louis-based firm Wolfe Nilges Nahorski. McGladrey expects to close both deals on Aug. 1, 2015.