Audit & Accounting

Mandatory retirement policies at U.S. auditing firms are pushing out experienced partners who are bringing in substantial revenue and audit quality as good as that of younger partners.

The disgraced Chinese coffee chain replaced its auditor and said it secured $250 million in funds from a pair of private equity firms.

The new commissioner is poised to confront everything from the fallout of the GameStop trading frenzy to the deluge of SPACs.

Cta.x is designed to help audit firms quickly develop and deploy automated internal controls tests to help them comply with regulations including Sarbanes-Oxley.

The board proposed changing “comprehensive annual financial report” to “annual comprehensive financial report” because the abbreviation sounds like a racist term in South Africa.

The memorandum of understanding with the Vietnam Ministry of Finance aims to advance the internal audit profession in Vietnam.

The American Institute of CPAs recognized four current professionals interested in becoming accounting professors by providing $20K stipends to support their Ph.D educations.

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies.

The IRS announces several leadership appointments; Prager Metis expands in South Florida with Miami office and managing principal; and more CPA news.

Mary T. Washington Wylie broke a major barrier in the accounting profession in 1943.