Audit & Accounting

The Public Company Accounting Oversight Board levied $275,000 in penalties against KPMG's member firm in South Africa and two partners for improperly using and misreporting work done in Zimbabwe.

Nearly half of CFOs anticipate a recession by next year, but they're more concerned about inflation than a recession, according to a new survey by Deloitte.

Jeff Thomson, the longtime leader of the Institute of Management Accountants, plans to retire in early 2023.

Under the agreement, inspectors will be able to see complete work papers without any redactions and select any issuer audits.

The Tennessee Society of CPAs awarded $285,000 in scholarships to 111 students through the of TSCPA Educational & Memorial Foundation.

Forensic investigators from PwC confirmed that 6.5 billion euros ($6.5 billion) in fictitious or irregular income had been recorded at Steinhoff between 2009 and 2016, making it South Africa's largest known fraud.

American officials would be able to review audit documents of Chinese businesses that trade in the U.S., a first step toward avoiding the delisting of about 200 firms from New York.

Publicly traded firms will have to disclose more details about how senior managers are paid, including performance incentives.

The Securities and Exchange Commission submitted a fiscal report for public comment with three main goals for the next four years.

The student-loan forgiveness will qualify as non-taxable income until 2025 under the American Rescue Plan.