Audit & Accounting

The buy adds incentive management capabilities that help companies comply with the new rev-rec standard.

The Financial Accounting Standards Board is moving forward with a proposed accounting standards update to reclassify the stranded tax effects from the Tax Cuts and Jobs Act of 2017, although at least one investor group has some concerns.

With 2018 upon us and the extraordinary effort we’ve put in to get us past the public company deadline for the new revenue recognition standards, I’d like to highlight three longer-term considerations for companies to keep in mind as they continue to report and operate under the new rules.

India’s tycoon Singh brothers took at least 5 billion rupees ($78 million) out of the publicly traded hospital company they control without board approval about a year ago, people with knowledge of the matter said.

AI can be a problem for some CPA firms, particularly for those concentrated on attest services, which already have thin margins.

The test-makers are working to keep it responsive to the needs of candidates, employers and the profession. AICPA vice president of exams Mike Decker explains how.

The Big Four firm had the larger number of new clients for the year, but the Seattle firm netted the most.

The Association of Certified Fraud Examiners appointed a new CEO and president, Bruce Dorris, succeeding longtime leader Jim Ratley, who will be retiring.

A new academic study scrutinizes how bias may play a role when an auditor used to work in the same accounting firm as the CFO of the company being audited.

Audit committees at public companies should be aware of some of the accounting implications of the new Tax Cuts and Jobs Act, according to a new report from Ernst & Young.