Audit & Accounting

The International Federation of Accountants issued a report indicating strong support for international accounting and auditing standards, particularly in areas where IFAC member organizations are involved in the process from beginning to end.

The American Institute of CPAs’ Financial Reporting Committee has sent a letter to the Financial Accounting Standards Board questioning the costs and benefits of FASB’s current goodwill impairment model.

The Securities and Exchange Commission has named Rebekah Goshorn Jurata, a special assistant to the president for financial policy on the White House’s National Economic Council.

Rising tensions between Washington and Beijing have prompted some White House officials to fixate on a provocative question with big implications for global markets: Why can Chinese companies sell shares in the U.S. when American regulators are barred from inspecting their books?

The president, under siege from House Democrats weighing impeachment, suffered a stinging blow as a federal appeals court upheld a subpoena ordering his accountants to provide Congress with his financial records.

Thirty-six up-and-coming CPAs have graduated from the AICPA's annual training and education program held in Durham, N.C.

Remote audits are an alternative that can make the experience easier and more efficient for the audited company as well as the audit team.

Thomson Reuters has released Checkpoint Engage PCR, a new product in its Checkpoint suite of research and guidance products for tax and accounting.

The 50 states have accumulated a combined $1.5 trillion in debt related to pension and other post-employment benefits, while elected officials claimed balanced budgets.

Payroll processors are anticipating closer scrutiny after a high-profile scandal.