Accounting News from Accounting Today

The median fraud loss per case in the ACFE study was $104,000, but the average loss per case was $1,457,000, while 20% had losses of more than $1 million.

The idea of semi-annual reporting is a guaranteed self-inflicted disaster, like using a knife while gripping the blade instead of the handle, writes Paul Miller.

The Governmental Accounting Standards Board added several items to its research agenda, but decided against adding a project on cybersecurity disclosures.

The majority of employees don't use all the paid time off available to them, so many companies are steadily accumulating a huge line item on their balance sheets.

The U.S. Bureau of Labor Statistics report surpassed economists' expectations, as the unemployment rate remained unchanged at 4.3%.

Plus, Suralink introduces Workpaper Suite Intelligence; Xero announces Xero Coaches; and other news and updates from the accounting tech world.

Officials discussed the SEC's proposal for a semi-annual reporting option along with new accounting standards at a Baruch College conference.

The Public Company Accounting Oversight Board posted updates to its projects as it waits for public comments on its 2026-2030 strategic priorities.

The survey window for our "Wealth Magnets" annual ranking of the top CPA financial planners by assets under management has been extended until Friday, May 8.

Boomer Consulting launched a Tax Leader Circle and Audit Leader Circle.

Plante Moran will expand into Mexico as JA Del Río joins the firm, effective July 1.

Small businesses with less than 50 employees continued to add jobs last month despite the growth in gas prices, according to a report from Paychex.

Overall job gains came despite despite losses in the professional and business services sector, while annual pay grew 4.4% year over year.

The department's final regulations on which types of professional degree programs can receive loans of up to $200,000 ruled out the accounting profession.

The Securities and Exchange Commission is proposing to allow public companies to report twice a year at the urging of President Trump.

CFO salaries have surged at the biggest companies in the U.S., but the job has become one of the least secure in the executive ranks, according to a new study.

The Federal Accounting Standards Advisory Board exposure draft offers a practical expedient for reporting on embedded leases in federal government contracts.

The Institute of Internal Auditors is calling on lawmakers and policymakers to strengthen their oversight of prediction markets such as Kalshi and Polymarket.

The law, effective Oct. 1, 2026, will create a third pathway that allows candidates to earn their CPA license with a bachelor's degree, two years of experience and passing the CPA exam.

The International Financial Reporting Standards Foundation revised its Due Process Handbook, outlining the steps used for developing IASB and ISSB standards.