Audit & Accounting

A group of seven Senate Democrats and one independent has written a letter to the Financial Accounting Standards Board asking FASB to require multinational corporations to disclose their taxes, profits, and revenues on a country-by-country basis, echoing a recent letter from a group of House lawmakers.

The service will also be warning preparers about due diligence requirements.

Companies and their auditors are getting ready for the Public Company Accounting Oversight Board’s new audit reporting model, despite uncertainty over whether the Securities and Exchange Commission will approve the new standard.

The Public Company Accounting Oversight Board will be looking out for some major risk areas at audit firms in the months ahead.

It is a lot more than bitcoin, and will potentially transform the profession.

When others in the firm see ineffective partners endure year after year and overstay their welcome, it's demoralizing.

The Securities and Exchange Commission voted to propose a number of amendments to simplify some disclosure requirements for public companies, along with investment advisers and investment companies.

PMB Helin Donovan’s Houston offices (and Atlanta-based data) emerged from hurricane season unscathed, due to a decision made three years ago to move to a cloud-hosted environment.

Last quarter, General Electric Co. reported earnings of 28 cents a share. Also 13 cents a share, 19 cents a share and 15 cents a share—all at the same time.

Fayezul Choudhury, CEO of the International Federation of Accountants, discusses how IFAC is helping emerging economies develop their associations for accountants.