Audit & Accounting

Is the current method painting the most accurate picture for private companies facing the coronavirus?

Accountants and tax professionals have been helping their small business clients deal with the economic fallout from the COVID-19 pandemic, shifting away from their routine compliance work after the end of the prolonged tax season.

The Securities and Exchange Commission voted to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years.

IAASB and IESBA announce deputy chairs and board appointments; Grant Thornton names two national managing partners; and more CPA news.

Auditors should take stock of the lessons learned from the first phase of remote auditing.

Troubled commodities trader GP Global Group has “accounting irregularities” in its books, according to the restructuring adviser hired to salvage the company’s assets.

James Kaiser, a member of the Public Company Accounting Oversight Board since 2018, is leaving the PCAOB and will be replaced by chief auditor Megan Zietsman in another sign of turmoil at the audit overseer.

J. Robert Brown criticized recent moves by the Public Company Accounting Oversight Board to strip down its research and standard-setting agendas without proper consultation.

The coronavirus pandemic has introduced a number of new areas that companies need to address.

Accounting and financial controllers are some of the hardest-working executives in an organization, but unfortunately they are often overlooked.