Audit & Accounting

Employment rose by 678,000 in February, the U.S. Bureau of Labor Statistics reported Friday, although the number of accounting and bookkeeping jobs declined by 800.

Businesses and executives are increasingly realizing there’s a whole new level of complexity lying just beneath crypto’s binary-coded surface, mainly how to account for it, how the accounting standards apply, and what it all means for the accounting team.

Companies are undoubtedly raising prices. The question is whether they are exploiting a surge in consumer demand or merely passing on their own higher costs.

The board is proposing a set of revisions to the independence standards for engagement teams working on audits of group financial statements.

Accountants and procurement experts are being urged to team up to deal with the supply chain shortages plaguing the world economy during the pandemic.

When companies consist of multiple businesses, it is important to determine whether to prepare a consolidated or combined financial statement detailing each company’s earnings, profits, losses and more.

Two directors at a real estate firm that borrowed millions from the U.K.’s pandemic loan program are being probed for preparing misleading financial statements.

Prof. Ed Ketz remembers the accountant who uncovered the New Era Ponzi scheme and tirelessly championed integrity.

The foundation is moving closer to establishing an International Sustainability Standards Board.

Small businesses lost 96,000 jobs in February, according to ADP, although the private sector overall added 475,000 jobs for the month. However, Paychex reported national small business job growth remained at consistent levels in February and hourly earnings growth continued to increase.