Audit & Accounting

The Virginia Society of CPAs' 'VSCPA2025' framework will prepare members for the next eight years.

The Financial Accounting Standards Board has released an accounting standard update aimed at simplifying the accounting for financial instruments that have so-called “down round” features.

Females are substantially underrepresented compared to males as accounting firm partners, according to a new academic study that found only 17 percent of audit partners with U.S. audit clients are women.

The Governmental Accounting Standards Board has proposed new guidance to clarify debt-related disclosures in notes to financial statements, including disclosures pertaining to direct borrowings and direct placements, for state and local governments.

Everybody's online. Now accountants can leverage this reality to create better auditing engagements.

The firm will become a value added reseller of the cloud-based enterprise financial software.

The Private Company Council discussed the implementation costs of cloud computing during a meeting Tuesday and is asking its associated organization, the Financial Accounting Standards Board, to provide guidance on how to account for those costs.

Unagreed IRS audits are just one area where teaming up can help accountants and tax pros.

Starting last month, audit firms must now disclose the names and locations of other auditors participating over a certain percentage of the audit of public companies.

The firm now disseminates the software out of a subsidiary company, Flight Tax Systems.