Accounting News from Accounting Today

The Federal Accounting Standards Advisory Board is looking for a new leader to succeed its current executive director, Monica Valentine, who plans to retire at the end of this year after over 35 years at FASAB.

Sax acquired SFS Financial in Kinnelon, New Jersey, strengthening the Top 75 Firm's advisory capabilities.

Argentina is quickly becoming a promising offshoring destination, not just for the accounting profession, but for technology and other back-office services.

Just over half of accountants report being "highly satisfied" with their jobs, according to an ongoing survey — and perhaps just as important, the sources of dissatisfaction in the profession are becoming clearer and clearer.

Four potential obstacles to watch out for on the way to new clients and new services.

Crypto assets do not clearly meet the definitions of cash, financial instruments or inventory under GAAP, leaving preparers uncertain.

Companies claiming tax credits for carbon capture technology have been confronting heavy compliance requirements, prolonged waits and uncertainty.

While the accounting profession has always been a great choice, it now has entered a particularly exciting period of revolutionary change largely driven by AI.

The specialized enforcement unit will pursue accounting and financial reporting fraud cases, as well as general misconduct in accounting and auditing.

The International Auditing and Assurance Standards Board proposed revisions to three of its International Standards on Auditing.

Investment companies may need to reassess valuation policies, disclosures and financial reporting timelines if the proposal is finalized.

Private sector hiring grew by 44,000 jobs in July, while pay increased 4.4% year-over-year, payroll giant ADP reported Wednesday, as the pace of hiring slowed this summer.

The Federal Accounting Standards Advisory Board released guidance on implementing the disclosure requirements for public-private partnerships.

Growth in the number of weekly hours worked at small businesses hit its highest level in over five years last month, according to Paychex.

The top two blockers to advisory growth aren't a lack of client demand — they're internal.

The October tax nightmare is not caused by the deadline. It's caused by treating July and August as downtime.

National Association of State Boards of Accountancy vice chair J. Coalter Baker stepped down to focus on his health.

The Financial Accounting Standards Board decided during a board meeting to add a project on goodwill impairment testing to its technical agenda.

Sales are continuing to improve at small businesses, but cash flow remains under pressure, according to a new report from Xero.

Plus, Workday touts new Financial Audit Agent; Cherry Hill Advisory launches AI-enabled internal audit services; and other accounting tech news and updates.