Audit & Accounting

The update makes narrow improvements to the credit losses standard, including the transition requirements.

Clients want more than market intelligence — they want analysis of general market information to help them act strategically and competitively.

Samsung Group’s biotechnology unit is facing a potential criminal investigation and delisting after South Korea’s financial regulator said that the company “intentionally” violated accounting rules surrounding an initial public offering.

Often, new clients ask that accounting firms work with their existing back-office technologies, opening the door to countless headaches, frustrations and inefficiencies for the firm.

The Public Company Accounting Oversight Board is planning extensive changes in how it inspects firms and interacts with financial statement preparers.

KPMG has brought another independent director to its board, appointing Linda L. Addison, a former managing partner of the law firm Norton Rose Fulbright.

Securities and Exchange Commission Chairman Jay Clayton and chief accountant Wesley Bricker weighed in on a proposed change in the reporting cycle for public companies.

The Georgia Society of CPAs recently held its fourth annual program for educating high school students on accounting and the life of CPAs.

A new report from PwC finds businesses still scrambling to meet the deadlines.

The Top 100 Firm’s July combination with Texas’ GBH CPAs brought 21 new clients.