Audit & Accounting

There are two key areas that CPA firms should closely watch to manage audit fees in 2020.

At least 39 states did not have enough money to pay all of their bills at the end of 2019, leaving them ill-prepared to shoulder the costs of the novel coronavirus pandemic, according to a new report.

Now that U.S. companies have experienced two fiscal quarters in the midst of the novel coronavirus pandemic, quarterly reporting for Q3 doesn’t seem to be getting any simpler, according to a new report from Deloitte.

KfW, Germany’s third-largest bank by assets, may drop Ernst & Young as auditor as EY continues to be plagued by its role in the country’s Wirecard accounting scandal.

Germany’s financial regulator is considering opening a probe into Grenke AG’s accounting practices, wading deeper into the controversy after criticism of its failure to unearth fraud at Wirecard AG.

COVID-19 doesn’t seem to be having an impact on such disclosures, according to a report from Ernst & Young.

The Financial Accounting Standards Board is offering a practical expedient to the current revenue recognition rules for franchise businesses.

The annual list recognizes thought leaders, decision-makers, standard-setters and others who are shaping the future of the profession.

Prager Metis launches Latin entertainment group; KPM CPAs hires six; and more CPA news.

With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind.